Retail PropertyForSale andLease 640 National CityBoulevard · AvailableSF: 5,800 SF LeaseRate: $1.25 -1.50 SF/yr (MG) LotSize: 0.13Acres BuildingSize: 5,800SF YearBuilt: 1978 Ren

640 National City BoulevardNational City, CA 91950

7310 Miramar Road, Suite 450

PRESENTED BY:

rosanopartners.com

Retail PropertyFor Sale and Lease

Francisco Jimenez Senior Associate, Investment Sales Group CalDRE#01972920O: 858.633.1811 C: [email protected]

http://rosanopartners.com/

3PROPERTY INFORMATION

6AVAILABLE SPACES

13SALES COMPARABLES

17FINANCIAL ANALYSIS

19DEMOGRAPHICS

TABLE OF CONTENTS

640 NationalCity BoulevardNational City, CA91950

7310 Miramar Road, Suite 450

Confidentiality &Disclaimer

rosanopartners.com

ContentsAll materials and information received or derived from Rosano Partners, LLC itsdirectors, officers, agents, advisors, affiliates and/or any third party sources areprovided without representation or warranty as to completeness , veracity, oraccuracy, condition of the property, compliance or lack of compliance with applicablegovernmental requirements, developability or suitability, financial performance of theproperty, projected financial performance of the property for any party’s intended useor any andall other matters.

Neither Rosano Partners, LLC its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness ofthe any materials or information provided, derived, or received. Materials andinformation from any source, whether written or verbal, that may be furnished forreview are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of significance to such party. Rosano Partners, LLCwill not investigate or verify any such matters or conduct due diligence for a partyunless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged toverify all information and to conduct their own inspections and investigations includingthrough appropriate third party independent professionals selected by such party. Allfinancial data should be verified by the party including by obtaining and readingapplicable documents and reports and consulting appropriate independentprofessionals. Rosano Partners, LLC makes no warranties and/or representationsregarding the veracity, completeness, or relevance of any financial data orassumptions. Rosano Partners, LLC does not serve as a financial advisor to any partyregarding any proposed transaction. All data and assumptions regarding financialperformance, including that used for financial modeling purposes, may differ fromactual data or performance. Any estimates of market rents and/or projected rents thatmay be provided to a party do not necessarily mean that rents can be established ator increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issuesin order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questionsshould be discussed by the party with a certified public accountant or tax attorney.Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmentalagencies. All properties and services are marketed by Rosano Partners, LLC incompliance with all applicable fair housing and equal opportunity laws.

LOCATION INFORMATION 9


Rosano Partners / Offering Memorandum

7310 Miramar Road, Suite 450 https://rosanopartners.com

Section 1

PROPERTYINFORMATION

PROPERTY OVERVIEW**ASSUMABLE SBA LOAN**No Prepayment Penalty**TERMS:$192,130 @ 5.65% 9 years left$280,487 @ 4.097% 13 years left

Rosano Partners is proud to exclusively present 640 National City Blvd,National City, CA 91950. Property is a partially occupied retail and officebuilding in the downtown redevelopment zone of National City. Built in1978 and renovated in the 1990’s. Tenants: Beauty Salon and Office Space

Part of Downtown Specific Plan Area adjacent to the downtown core isproposed for retail, entertainment or employment uses. These uses may bemixed either horizontal or vertically. VALUE ADD OPPORTUNITY. Great forinvestor to lease up, an owner-user opportunity, or to take advantage ofzoning and redevelop.

PERMITTED USES: Multi-Family, Commercial, Hospitality, Entertainment, Light Industrial, Auto-Repair Retail, and Office.

PROPERTY HIGHLIGHTS• Floor Area Ratio: 6:1 max/ 3:1 min

• Maximum Height: 250 ft.

• Average 24-Hour Traffic Volume

- National City Blvd: 14,600 Cars

- 8th St: 18,600 Cars

PROPERTY SUMMARY

Available SF: 5,800 SF

Lease Rate: $1.25 - 1.50 SF/yr (MG)

Lot Size: 0.13Acres

Building Size: 5,800 SF

Year Built: 1978Ren. 1990’s

Zoning: Downtown Specific Plan

EXECUTIVE SUMMARY


7310 Miramar Road, Suite 450 rosanopartners.com

• Part of Downtown Specific Plan Area

• Corner Lot of National City Blvd

• Lots of Upside in Rents

• Plenty of Street Parking


PROPERTYADDRESS: 640 National City Blvd

National City, CA 91950

555-052-04-00

5,800 SF

Downtown Specific Plan

1978 Ren. 1990’s

2

APN:

GLA:

ZONING:

YEAR BUILT:

NUMBER OF STORIES:

FOUNDATION:

PROPERTY DETAILS



Concrete & raised wood sub-floor

Flat compositionROOF

25’

59.1

’

73.1

’

46.5’ 46.5’

59.1

’

8’

6’

Partial Basement Entrance through rear


SUITE TENANT SIZE (SF) LEASE TYPE LEASE RATE

Suite 130 Available 1,200 SF Modified Gross $1.25 - $1.50SF/yr

LEASETYPE

TOTAL SPACE

LEASE TERM

LEASE RATE

1,200 SF

Negotiable

$1.25 - $1.50SF/yr

AVAILABLE SPACES



Modified Gross1,200 SF of retail space. Used to be a check cashing/pay day loan. Includes storefront, two offices, storage and bathroom.



Suite 119-120 Available 1,551 SF Modified Gross $1.25 - $1.50SF/yr

AVAILABLE SPACES



LEASETYPE

TOTAL SPACE

LEASE TERM

LEASE RATE

Modified Gross

1,551 SF of Retail or Office Space

Negotiable

$1.25 - $1.50SF/yr

Multiple small retail or office space connected by a hallway that leads to the street. Room size ranges from 120-200 SF. Rooms can be connected or space can be opened up to create larger space depending on tenant and terms of lease agreement.



Suite 220 (Entire 2nd Floor) Available 2,749 SF Modified Gross $1.25 - $1.50SF/yr

AVAILABLE SPACES



LEASETYPE

TOTAL SPACE

LEASE TERM

LEASE RATE

Modified Gross

2,749 SF

Negotiable

$1.25 - $1.50SF/yr

2,749 SF of office space available, entire second floor. Two entry ways, one from the outside stairs, another from first floor hallway. Space can be divided but prefer one or two tenants to take all space. Renovations are in process, will be left as shell office space. Depending on terms tenant improvements can be done. Includes bathroom.




Section 2

LOCATIONINFORMATION

MAP & DESCRIPTION


Property is located on the corner of National City Blvd and 7th Street with easy access to 5 freeway, the busiest freeway in San Diego. National City Boulevard sees some of the highest levels of transportation and pedestrian traffic in the county. The cross street recorded 14,600 car in "Average 24-Hour Traffic Volume." While the cross street a block from the property, 8th and National City Blvd, recorded about 18,600 cars. A two minute drive to the west gets you to San Diego Bay. A little less than 1.2 miles south gets you The Mile of Cars on Mile of Cars Way. On National City Blvd you will find Southwestern Community College, and multiple restaurants and retail businesses. Around the corner you can find Bank of America, Union Bank, Bayview Tower Condominiums, Walmart Supercenter, and various hotels like the Ramada, Rodeway Inn, Cassia Hotels, and Howard Johnson Hotel. Population consists of mostly White Hispanic, Asian & Pacific Islander communities.


DESCRIPTIONNational City is the second oldest city in San Diego County with a population of about 60,000. It's centralized location and mature transportation network makes it attractive for both residents and businesses.Caught between Downtown SanDiego just 5 miles north and theworld's busiest land bordercrossing, San Ysidro, CA, 10miles south. The City is centrally located, within 20minutes travel time of over 1.4million people. This accessibilityis comparable to Downtown SanDiego's.


LOCATION MAPS




AERIAL MAP






Section 3

SALESCOMPARABLES

SALE COMPS


SUBJECT PROPERTY

640 National City Boulevard | National City, CA 91950 540 National City Blvd | National City, CA 919150

Sale Price: $1,299,000 Sale Price: $2,400,000

Lot Size: 0.13 Acres Lot Size: 0.57 Acres

Year Built: 1978 Year Built: 1910

Building SF: 6,000 SF BuildingSF:

10,000 SF

Price PSF: $216.67 Price PSF: $240.00

Lot PSF: $232.56 Lot PSF: $96.66

Zoning: DowntownSpecific

Plan

1

710 E 8th Street | National City, CA 91950

$895,000

0.39 Acres

1980

3,600 SF

$248.61

$52.68

Sale Price:

Lot Size:

Year Built:

Building SF:

Price PSF:

Lot PSF:

2

$600,000

0.14Acres

2,689 SF

$223.13

$98.39

116-122 National City Blvd |National City, CA 91950

3


Sale Price:

Lot Size:

Building SF:

Price PSF:

Lot PSF:


SALE COMPS SUMMARY


SUBJECT PROPERTY PRICE BLDG SF PRICE/SF Pro Forma CAP

640 National City BlvdNational City, CA 91950 $1,250,000 5,800 SF $216.67 7.65%

SALE COMPS PRICE BLDG SF PRICE/SF CLOSED

1 540 National CityBlvdNational City, CA 91950

$2,400,000 10,000 SF $240.00 07/13/2018

2 710 E 8th StreetNational City,CA 91950

$895,000 3,600 SF $248.61 12/04/2017

3 116-122 National City BlvdNational City, CA 91950

$600,000 2,689 SF $223.13 01/17/2018

PRICE BLDG SF PRICE/SF

TOTALS/AVERAGES $1,298,333 5,430 SF $239.10



SALES COMPARABLES



S. No. Address Sale Price $/SF

S 640 National City Boulevard $1,299,000 $216.67

1 540 National CityBlvd $2,400,000 $240.00

2 710 E 8th Street $895,000 $248.61

3 116-122 National City Blvd $600,000 $223.13$223.13$240.00 $248.61$215.52

S 321




Section 4

FINANCIALANALYSIS


INVESTMENT OVERVIEW

PricePrice per SF Pro forma CAP RateCash-on-Cash Return (yr 1)

$1,250,000$215.52

7.65%8.3%

OPERATING DATA

Gross Scheduled Income Other Income (Billboard)Total Scheduled Income Vacancy CostGross Income Operating Expenses Net Operating Income Pre-Tax Cash Flow

$116,556$1,200

$117,756$3,533

$114,223$18,625$95,598

$39,114

FINANCING DATA- WITH ASSUMABLE LOAN

Down PaymentLoan Amount Debt ServiceDebt Service Monthly Principal Reduction (yr1)Total Return Before Taxes

$472,617$777,383

$56,484$4,707

$32,064$71,178 15%

FINANCIAL SUMMARY





Section 5

DEMOGRAPHICS

POPULATION 1MILE 3 MILES 5 MILES

Total population 27,559 188,469 450,210

Median age 28.9 30.1 32.5

Median age (Male) 27.4 28.8 31.5

Median age (Female) 30.7 31.7 33.6

HOUSEHOLDS & INCOME 1MILE 3 MILES 5 MILES

Total households 7,241 51,550 143,157

# of persons per HH 3.8 3.7 3.1

Average HH income $42,058 $47,002 $59,089

Average house value $342,568 $391,424 $472,448

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP & REPORT




1Mile 3Miles 5Miles

Total Population 27,559 188,469 450,210

Population Density 8,772 6,666 5,732

Median Age 28.9 30.1 32.5

Median Age (Male) 27.4 28.8 31.5

Median Age (Female) 30.7 31.7 33.6

Total Households 7,241 51,550 143,157

# of Persons Per HH 3.8 3.7 3.1

Average HH Income $42,058 $47,002 $59,089

Average House Value $342,568 $391,424 $472,448

* Demographic data derived from 2 0 1 0 US Census

DEMOGRAPHICS MAP




Presented by:

The information contained in this presentation is confidential, furnished solely for the purpose of a review by a prospective purchaser of the Property, and is not to be used for any other purpose or made available

to any other person without the express written consent of the Seller or Advisor. Prospective purchasers should also conduct their own due diligence, including, but not limited to, engineering and environmental

inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the Property or used in the construction of maintenance of the building(s) at the Property.

Francisco JimenezSenior Associate, Investment Sales GroupCalDRE #01972920

O: 858.633.1811 C: [email protected]

Rosano Partners

San Diego Office7310 Miramar Road, Suite 450 San Diego, CA 92126 www.rosanopartners.com


mailto:[email protected]


Documents

Retail PropertyForSale andLease 640 National CityBoulevard · AvailableSF: 5,800 SF LeaseRate: $1.25 -1.50 SF/yr (MG) LotSize: 0.13Acres BuildingSize: 5,800SF YearBuilt: 1978 Ren