Shaun Moothart Lic. 01773201 + 1 949 509 2111 shaun.moothart@cbre.com

DEBT AND STRUCTURED FINANCE

Bill Maher Lic. 01080990 + 1 310 363 4929 bill.maher@cbre.com Anthony DeLorenzo Lic. 01706686 +1 949 725 8425 anthony.delorenzo@cbre.com

Gary Stache Lic. 00773736 +1 949 725 8532 gary.stache@cbre.com Doug Mack Lic. 01804065 +1 949 725 8571 doug.mack@cbre.com

LOCAL MARKET EXPERTSMichael Center Lic. 02094379 +1 310 363 4818 michael.center@cbre.com

CAPITAL MARKET EXPERTS

INVESTMENT OVERVIEW 04

PROPERTY OVERVIEW 10

AREA OVERVIEW 12

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INVESTMENT SUMMARY

311-345 Beacon StreetSAN PEDRO, CALIFORNIA

±18,370 sfPROPERTY SIZE

One (1)STORIES

±0.76 Acres | ±33,003 sfLAND SIZE

www.ipsocal.com/311345beaconWEBSITE

$4,400,000 ($240 PSF)PRICE

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INVESTMENT HIGHLIGHTSATTRACTIVE OWNER-USER INVESTMENT OPPORTUNITY• 311-345 North Beacon Street features two (2) separate buildings on

two (2) separate parcels with a secured gated yard and a parking deck behind the 345 Beacon building. Constructed in 1980 (345) and 1984 (311), the buildings share a gated concrete yard area and have two covered storage areas that are not included in the square footage.

• Separate parcelization offers an owner-user flexibility for growth or additional income through a lease-up strategy of any unused space.

• The 311 Beacon Street building currently features a non-load bearing full height demising wall and separate entrances providing multiple space use options.

• Located in a Qualified Opportunity Zone, the property provides an attractive value-add proposition that can significantly boost returns over the long-term.

• The property is located one block from the Los Angeles Cruise Ship Terminal and immediately adjacent to the Ports of Los Angeles and Long Beach. The Ports provide strong commercial real estate demand in the local market with an economic impact totaling $14.5 billion in annual trade related wages.

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EXCEPTIONAL MARKET FUNDAMENTALS • San Pedro is located within the top investment market in the country

for the fourth consecutive year in 2019. Los Angeles commercial real estate market offers strong absorption, low vacancy and attractive rent growth, driven by one of the best employment markets in the nation.

• Los Angeles has the leading industrial market in the United States. In addition to proximity to the nation’s largest ports, the region has an unrivaled logistical network and population base. The 1 billion SF inventory has a tight vacancy of 1.5% in 1Q19.

• The South Bay is the best-performing industrial market in Los Angeles with vacancy below 1% and average rents at $1.03/sf/mo NNN.

RARE COASTAL LOCATION WITH PROXIMITY TO PORTS & A SIGNIFICANT DEVELOPMENT PIPELINE • The property offers excellent access to the 110 (Harbor) Freeway

and the Vincent Thomas Bridge, providing direct non-stop driving to Downtown Los Angeles and Downtown Long Beach.

Address 311-345 N. Beacon Street

APN 7449-014-0067449-014-007

Building Size ± 18,370 SF

Land Size ± 0.76 Acres / ± 33,003 SF

Stories One (1)

Parking ± 29 surface parking stalls

Roofing System Built up composition

Construction Type Concrete block

Zoning Los Angeles C2-PD CPOI

Electrical System 400 Amps, 120-240-volt, Single Phase, 3 wire

Clear Height 16 feet

Loading Two (2) ground level doors

Truck Court Shared yard area

PROPERTY DESCRIPTION

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SITE PLAN

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345 BEACON ST.

311 BEACON ST.

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710

11047213

103

1

KoreanFriendship Bell

Cabrillo MarineAquarium

San Pedro

TerminalIsland

Rolling Hills

RollingHills Estates

Lomita

Harbor

Wilmington

Westside

CentralSan Pedro

LongBeach

Seaside Fwy

47

110

Starbucks

McDonald’s

Best Western Plus SanPedro Hotel & Suites

Port of Los Angeles

HarborOccupational Center Vincent Thomas Bridge

Smith Island

San PedroWelcome Park

Knoll HillLittle LeagueLeland Park

Los AngelesMaritime Museum

Battleship USSlowa Museum

World Cruise Center

Swinford St./Cruise Center

N P

ACIF

IC A

VE

S H

ARBO

R BL

VD

W 1ST ST

W 6TH ST

N G

AFFE

Y ST

N G

AFFE

Y PL

W MACARTHUR AVE

N C

ABRILLO

AVE

S CA

BRIL

LO A

VEN

CAB

RILL

O A

VE

W 5TH ST

W 2ND ST

W 4TH ST

N C

ENTR

E ST

N M

ESA

STS

MES

A ST

W AMAR ST

W SEPULVEDA ST

N P

ALO

S VE

RDES

ST

W SANTA CRUZ ST

W OFARRELL ST

W OLIVER ST

N GRAND AVE

W 3RD ST

N B

EACO

N S

TS

BEAC

ON

ST

HAR

KER

STBONITA ST

KNOLL DR

KNOLL D

R

A ST

A ST

SHIELDS DR

N FRONT ST

710

11047213

103

1

KoreanFriendship Bell

Cabrillo MarineAquarium

San Pedro

TerminalIsland

Rolling Hills

RollingHills Estates

Lomita

Harbor

Wilmington

Westside

CentralSan Pedro

LongBeach

Seaside Fwy

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Today, metro Los Angeles is the nation’s largest manufacturing area, and the Ports of Los Angeles and Long Beach are second only to New York as the largest customs district in the United States, as well as the distribution hub of the west coast and a gateway to Asia.

Located on the southern coast of California, Los Angeles County covers 4,084 square miles and includes San Clemente and Santa Catalina islands which are part of the Channel Islands Archipelago off the Pacific Coast. The County is comprised of approximately 88 vibrant and diverse cities hosting more than 244,000 business establishments—the highest concentration in the entire state.

The City’s expansive metropolitan area is the second-largest in the country, with over 18,000,000 people spread over a land area the size of Maine. Thirty of LA’s suburbs have populations of 80,000 or more. Los Angeles is very diverse, with people from over 140 countries and the largest Latin-American and Asian-American populations of any US city.

TOP INDUSTRIES / BY REVENUE

$198.4 BILLION

WHOLESALE TRADE

$53.2 BILLION

HEALTH CARE AND SOCIAL ASSISTANCE

$62.0 BILLION

SCIENCE AND TECHNOLOGY

$119.1 BILLION

RETAIL TRADE

$153.3 BILLION

MANUFACTURING

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Los Angeles is comprised of five-counties, including Los Angeles, Riverside, Ventura, Orange and San Bernardino Counties.

Throughout recent decades, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Walt Disney, Dole Food Company, Health Net, DirecTV Group, Mattel and many others.

Los Angeles County has a Gross Domestic Product (GDP) of approximately $544 billion, placing it among the top 20 economies in the world—higher than Switzerland, Sweden and Saudi Arabia.

TOP EMPLOYERS IN LOS ANGELES BY REVENUE

POPULATION, LA COUNTY

10,288,937 10,568,450 2019 2023 Projected

HOUSEHOLD INCOME

LOS ANGELES COUNTY DEMOGRAPHICS

$94,861 2019 Household, Houshold Income

$112,034 2023 Household, Household Income

HOUSEHOLD LA COUNTY

3,369,650 2019 Household, Current Year Estimate

3,451,604 2023 Household, Five Year Projection

Source: CBRE Research; California Employment Development Department (EDD); U.S. Census Bureau.

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SAN PEDRO | LOS ANGELES WATERFRONT

San Pedro is a community within the city of Los Angeles, California. Formerly a separate city, it consolidated with Los Angeles in 1909. It is one of the most historic and picturesque regions in Los Angeles. It’s a unique blend of small town charm, superb cultural attractions, eclectic shopping, America’s Port and a world class cruise center. Downtown San Pedro is located very near the USS Iowa and the World Cruise Center with daily ferry service to Catalina Island. Residents and tourists enjoy the dining, unique shops, entertainment, events, art studios and merchants that are located in the heart of San Pedro. There are two major beaches in San Pedro, Cabrillo Beach and Royal Palms Beach.

The city is located at the southern end of the Palos Verdes Peninsula, on the west side of San Pedro Bay. The neighborhood fronts on the Pacific Ocean to the south and is bounded inland by Harbor City on the north, Wilmington and Long Beach on the east and the Palos Verdes Peninsula and Lomita on the west. The core submarket of downtown Long Beach is just a short 10 minute drive over the Vincent Thomas Bridge from San Pedro and is home to major employers as well as beaches, entertainment and restaurants.

The Port of Los Angeles, a major international seaport, is partially located within San Pedro. The port complex occupies 7,500 acres of land and water along 43 miles of waterfront and adjoins the separate Port of Long Beach. A department of the City of Los Angeles, the Port of Los Angeles employs nearly 896,000 people throughout the LA County Region and 3.6 million worldwide creating huge demand for housing in the immediate area of San Pedro. Around $1.2 billion worth of cargo comes in and out each day at the Los Angeles Port making it the busiest port in the nation.

Heritage Park Don Knabe Community Regional Park

Central Park Knott’s Berry Farm

Adventure City Mother Colony House

Disneyland

Major Attractions

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San Pedro By The Numbers

S A N P E D R O

P O P U L A T I O N 85,313

M E D I A N A G E 35.9

C O L L E G E - E D U C A T E D P O P U L A T I O N 33,810

A V E R A G E H O U S E H O L D I N C O M E $87,335

A V E R A G E P R O P E R T Y V A L U E $569,560

N U M B E R O F E M P L O Y E R S 2,617

N U M B E R O F E M P L O Y E E S 42,118

U N E M P L O Y M E N T R A T E 3.1%

MAJOR EMPLOYERS

Major Transportation Infrastructures TOP UNIVERSITIES

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SAN PEDRO DEVELOPMENTS$1.2 BILLION SAN PEDRO WATERFRONT REDEVELOPMENT UNDERWAY Over the next five years, the Port of Los Angeles is investing $1.2 billion in the San Pedro Waterfront redevelopment--stretching from the Vincent Thomas Bridge to Cabrillo Beach (more then 400 acres). The focal point of this major capital improvement project includes the recent $38.5M Downtown Harbor & Promenade, located between 5th & 6th streets located just steps from Topaz.

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MAJOR WATERFRONT DEVELOPMENT COMING SOON The City and Port of Los Angeles have agreed to a long term ground lease with the Ratkovich Co. and Jericho Development for a $150 million redevelopment of the 42 acre Ports O’Call into the “San Pedro Public Market”. The project will include over 150,000 square feet of restaraunts, shopping, fresh markets and more then a half-mile of waterfront promenade. There will also be a “discovery sea park”, event space, and attractions such as Ferris wheel, carousel, outdoor ampitheatre and other interactive “seaside adventures”. The project will include a Red Car rail trolley which will carry visitors up and down the project’s linear footprint (in addition to a fleet of rubber-tire trolleys connecting passengers and visitors to downtown San Pedro.

ALTASEA AltaSea is a public and private partnership that will serve as a world-class urban marine research and innovation center. Scientists, educators, policy makers, and entrepreneurs will come together to extensively research the ocean in pursuit of energy, climate, and food solutions. Designed by Gensler, one of the world’s leading architecture and design firms, this project has been described by Architectural Digest as “one of the most exciting new projects” in Los Angeles.

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AFFILIATED BUSINESS DISCLOSURE

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memoran-dum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or pur-chase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective cli-ent(s), at arms’ length, not in concert, or in a manner detrimen-tal to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENT

Your receipt of this Memorandum constitutes your acknowl-edgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party with-out the prior written authorization of the owner of the Proper-ty (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further in-terest in purchasing the Property, kindly return it to CBRE, Inc.

DISCLAIMER

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective in-vestors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular pur-pose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are ap-proximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to inde-pendently verify the accuracy and completeness of all summa-ries and information contained herein, to consult with indepen-dent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORAN-DUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

disclaimer

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