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Pacifica Plaza

PROPERTY OVERVIEW

1. EXCEPTIONAL VALUE-ADD OFFICE INVESTMENT
2. STRONG MID-COUNTIES MARKET FUNDAMENTALS

PROPERTY INFORMATION

– Location: 13017 Artesia Blvd, Cerritos, CA 90703
– Land Area: 2.53 Acres
– Building Size: 46,748 sf
– Year Built/Renovated: 1981; major renovations done in 1999-2000
– Stories: Two (2)
– Parking: 147 parking stalls
– Foundation/Floor: Concrete slab foundation with carpet and tile finishes
– Exterior Walls: Wood frame with attractively-painted stucco exterior
– Elevator: One (1) hydraulic passenger elevator
– Access: off CA Artesia Freeway 91

PROJECT HIGHTLIGHTS

1.High-image, vacant, low-rise office building offering strong historical occupancy. All tenants vacated due to planned residential development of site that did not occur.
2.Compelling value-add potential through interior and exterior upgrades, as well as immediate lease-up of the current vacancies at market rents.
3.Ideal corporate headquarters investment for an owner-user seeking a lease savings trade-off. The purchase provides this owner-user investor pro- tection against future rental market uncertainty and rate hikes, as well as after-tax equity accumulation.
4.Exceptional floor plate flexibility—with many suite-size options—maxi- mizes tenant reach, eases lease-up time and further enhances the stability of future cash flows.
5.Tight Mid-Counties office submarket, has consistently outperformed the overall Los Angeles County market over the last 10 years. Strong office demand and supply scarcity in Mid-Counties have resulted in one of Southern California’s lowest vacancy rates, at 8.3% in 1Q2018.
6.Strong positive absorption totaled 32,719 square feet in Mid-Counties’ office market during 1Q2018, 97% of which took place within Cerritos, demonstrating strong user demand for the city
7.With no new construction, limited office supply and growing demand from users desiring live-work proximity, significant rent increase is expected in the Mid-Counties office market.

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