Representative Properties

La Mirada Gateway Center

14241 East Firestone Boulevard
La Mirada, California

Purchased:

December 23, 2004

Price:

$8,000,000 ($148/sqf)

Size:

53,798 square feet

Located on the Santa Ana Freeway (I-5), at the Valley View off-ramp.

Freeway signage.

Historically strong submarket.

Central Los Angeles/Orange County location.

Limited future competition due to lack of nearby developable land.

Parking ratio of 4:1,000 square feet.

Purchase Capitalization Rate – 8.00%.

Status – Long-term hold for current cash flow and capital appreciation..