Los Angeles Property Needs & Haves

[William Tong]

Need:
* Hotel Property, up to 15M. No motels or any properties where you have to walk outside to access a room.
* Shopping Center, San Gabriel Valley, net cap 7%+, up to 1.6M
* Multi-fam zoned lots in San Gabriel Valley that could be developed
* Industrial Warehouse >80,000 sqft, lot >100,000 sqft in Sab Gabriel Valley

Have:
* Office Building, Class A-/B+, currently leased 65%, net cap 6%+, net cap 11%+ if leased to 100% at below average market sqft rate, 6-7M.
* 14,000 sqft lot, zoned multifamily up to 10 units, extremely good area, 4 units currently generating 4% net cap, 1.5M