Executive Summary

DOWNLOAD OFFERING MEMORANDUM

• The Neema Group is pleased to present a development opportunity located at 15555 San Fernando Mission Blvd in Mission Hillls, a vacant lot on a corner just off of the 405 Freeway and west of Sepulveda Blvd
• The lot totals 9,065 SF and is zoned [T][Q]C2-1VL; previously, the site was entitled for a medical and dental office development; however, there could be potential to utilize the recently passed ED-1 program for a 100% affordable housing project (buyer to verify)
• At the asking price, the property is being offered at a low $99 PSF with no tenants or leases in place
• The site is ideally located with easy access to the 405, 5, and 118 Freeways for a manageable commute throughout the San Fernando Valley; there are also four metro local bus lines within 0.5 miles along San Fernando Mission Blvd
• Located in a densely populated, affluent community with over 500,000 residents within five miles and an average household income of $102,248 within two miles; the Mission Hills neighborhood borders desirable Valley locations such as Granada Hills, San Fernando, North Hills, and Sylmar
• There is an abundance of various amenities within close proximity to the property such as retail including Starbucks, 7-Eleven, and McDonald’s, schools including Bishop Alemany High School, Danube Avenue Elementary School, John F Kennedy High School, and Jane Addams High School, and other prominent facilities such as the Mission Community Police Station, Knollwood Country Club, and Providence Holy Cross Medical Center – Mission Hills, among others