Market t Analysis is and Listing ting Pr Present ntation ation 2204 West Burbank Boulevard ● Burbank, CA 91506 Presented By: PATRICK LONG RANDY STEVENSON BRE #: 01831830 BRE #: 01228475 The information together with any projections or other data has been furnished from sources which we deem reliable, but for which we assume no liability, expressed or implied. Interested parties to conduct independent investigation of all information. STEVENSON REAL ESTATE SERVICES 1111 North Brand Boulevard, Suite 200 ● Glendale, California 91202 P 818.956.7001 ● F 818.502.1306 ● BRE #: 00983560
TABLE OF CONTENTS Page Overview 1 Description of Assignment 2 Property Information 3-4 Company Background 5 Stevenson Business Philosophy 6 Company Affiliations 7 Opinion of Value 8 Competitive Analysis 9-13 Compensation & Summary 14 Comparable Sales - Supporting Data 15-22 Comparable Leases - Supporting Data 23-34 Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 ● Glendale, California 91202 P 818.956.7001 ● F 818.502.1306 ● BRE #: 00983560
OVERVIEW 1 The purpose of this presentation is to describe Stevenson Real Estate Services’ valuation of 2204 West Burbank Boulevard, Burbank, CA 91506 on a sale and lease basis. Our approach is founded on experience, and our track record reflects our successful efforts over the years. While the following information outlines the valuation, a basic marketing plan and makes several recommendations, the final marketing approach will be determined only after a number of important issues (timing, condition of property) can be further discussed with you. Working through a team of experts, Stevenson Real Estate Services will provide you with the highest quality of service and representation. Our entire team will help to define specific goals, refine strategy for attaining these goals, and aggressively implement that strategy to a successful conclusion. Stevenson Real Estate Services maintains a professional approach while continuing to build a tradition of honesty and integrity. Our capabilities and entrepreneurial approach to maximizing the value of property enables the firm the flexibility to rapidly adjust to the demands of our clients and the market. This powerful combination presents to owners and clients a level of real estate knowledge and ability unsurpassed by many larger firms. Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 ● Glendale, California 91202 P 818.956.7001 ● F 818.502.1306 ● BRE #: 00983560
DESCRIPTION OF ASSIGNMENT 2 Based upon our discussion, the purpose of this assignment is to provide a valuation for 2204 West Burbank Boulevard on both a sale and lease basis (as outlined below). This assignment includes but is not limited to the following objectives: A. The recommendation of a pricing structure which will maximize the owner’s return, while minimizing the marketing time and making adjustments to the pricing structure as required. B. The development of a short-term marketing plan which identifies and analyzes the competitive environment, incorporates the owner’s objectives, develops a strategy, and outlines action programs and budgets for the marketing of the property. C. The development and recognition of a long-term strategy that identifies the changing attitudes of prospective buyers and tenants, and re-analyzes the marketing strategy, if necessary. D. Assist in the disclosure and development of marketing materials that clearly illustrate the subject property from title to building and permit history, compliance, environmental history, and acknowledgements. Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 ● Glendale, California 91202 P 818.956.7001 ● F 818.502.1306 ● BRE #: 00983560
PROPERTY INFORMATION 3 Property Address 2204 West Burbank Boulevard Burbank, CA 91506 Property Type Retail/Auto Repair APN 2448-005-030 Building Area 1,000 SF (per Assessor) Land Area 5,500 SF (per Assessor) Year Built 1958 Zoning C3 Parking 5 Spaces Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 ● Glendale, California 91202 P 818.956.7001 ● F 818.502.1306 ● BRE #: 00983560
PROPERTY INFORMATION 4 PARCEL MAP Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 ● Glendale, California 91202 P 818.956.7001 ● F 818.502.1306 ● BRE #: 00983560
COMPANY BACKGROUND 5 Established in 1962, Stevenson Real Estate Services is a full service real estate brokerage and advisory firm headquartered in Glendale, CA. We are a recognized leader in the field of industrial, commercial, office and investment real estate. Our expertise and understanding spans all phases of real estate including: B rokerage D evelopment M anagement M arket analysis L ocation analysis S ite analysis T enant services Z oning and land use approvals Our commitment to providing the highest level of client services ensures leading edge results and guarantees our clients’ satisfaction. Our approach to Real Estate is relationship driven rather than transaction driven. Stevenson Real Estate Services agents are skilled experts in their chosen fields and through effective marketing and representation of their clients, aggressively seek out the finest deals and provide the best results possible. Traditionally, Stevenson Real Estate Services markets the North Los Angeles, East San Fernando Valley, San Gabriel Valley and Tri-Cities markets. Our agents specialize in the acquisition and disposition of available properties, as well as, exclusive buyer/tenant and seller/landlord representation. Stevenson has based its service philosophy on understanding the market and knowing the clients’ needs. Through a unique mix of our traditional business approaches and training, we have created a results-oriented firm focused on efficient, quality customer service. Our affiliation and designation with highly esteemed industry networks such as the Society of Industrial and Office Realtors (SIOR), and Certified Commercial Investment Member (CCIM) has provided our firm access to over 18,000 real estate professionals in over 400 locations nationally. In addition, with Internet affiliations such as Loopnet, CoStar, A.I.R. and GAOR, our reach into the market is without limits. Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 ● Glendale, California 91202 P 818.956.7001 ● F 818.502.1306 ● BRE #: 00983560
STEVENSON BUSINESS PHILOSOPHY 6 Stevenson Real Estate Services is built on brokerage performance. Deep local roots and years of experience successfully representing property owners, buyers and tenants has given Stevenson Real Estate Services an unmatched reputation for integrity and superior service. While specialists in industrial/commercial real estate can promise to deliver a high level of counseling and service, it is the customer-focused approach that has enabled Stevenson to maintain its leadership position in brokerage services. A mastery of business acumen is only part of the process in today’s economic environment. What separates us from our competitors is our decision to dedicate our firm to higher expectations of ourselves than clients customarily expect or demand. The depth of our professional expertise and an entrepreneurial approach allows Stevenson to meet the needs of our clients. Our company’s core beliefs are contained in the following items: H onesty, trustworthiness and openness S uperior systems and analysis capabilities E mphasis on personal relationships A ccountability O utstanding knowledge and understanding of the real estate trends E xpertise in real estate brokerage, development and management D emonstrated commitment and contribution to the communities in which we serve Our firm actively participates in numerous charitable, health and educational efforts. Helping foster and enhance the community where we live and work can only inevitably create a better business climate in the communities we serve. We pride ourselves on the mutual respect, solid relationships and repeat business which we have created and maintained for many years. Stevenson Real Estate Services is not in business for the short term, nor are we here to make a quick profit and move on. We believe today’s modest opportunities are the gateway to tomorrow’s opportunities. This principle is at the foundation of our recognition that subsequent business doesn’t occur unless there is initial and sustained satisfaction on the client’s part in the process of every real estate transaction in which we participate. Values such as creativity, dedication and teamwork create the collective ethic that defines Stevenson Real Estate Services as a leader in the Southern California industrial/commercial real estate markets. Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 ● Glendale, California 91202 P 818.956.7001 ● F 818.502.1306 ● BRE #: 00983560
Recommend
More recommend
