Christopher V. Bonbright Expert Commercial Real Estate Broker Graduate of Stanford University with Honors & Distinction with a BA in Economics years practicing commercial broker and property owner in the Hollywood area CEO and Principal of Market Leading Firm Ramsey-Shilling Commercial Real Estate Services, Inc. Civic & Community Leader including:
Christopher V. Bonbright Expert Commercial Real Estate Broker Graduate of Stanford University with Honors & Distinction with a BA in Economics years practicing commercial broker and property owner in the Hollywood area CEO and Principal of Market Leading FirmRamsey-Shiling Commercial Real Estate Services, Inc. Civic & Community Leader including: Chairman, Beverly Hills Architectural Commission President of the Board of Directors, Institute of Cinema & Television Production Member, Board of Directors, Hollywood Entertainment District Property Owners Association
Christopher V. Bonbright Expert Commercial Real Estate Broker Received Prestigious 2005 Los Angeles Business Journal Real Estate Award for Civic and Business Contribution to Hollywood Renaissance.
Christopher V. Bonbright Expert Commercial Real Estate Broker
Christopher V. Bonbright Expert Commercial Real Estate Broker
Christopher V. Bonbright Expert Commercial Real Estate Broker
Christopher V. Bonbright Expert Commercial Real Estate Broker
Christopher V. Bonbright Expert Commercial Real Estate Broker
956 Seward St. Los Angeles, California 956 Seward St. Los Angeles, California Opinion of Market Rental Value & Sale Value Christopher V. Bonbright
Property Information Property Location:956 Seward Street, Hollywood, CA Property Type:Two Story Office Building Purpose of Opinion of Value:Fair Market Value Property Right Valued:Fee Simple Date of Value:December 10, 2002 Land Area:36,870 sf. Zoning:CM-2 Improvements: Approximately 30,030 sq equally divided between two floors Coverage:41%
Floors: Two Elevator: Yes Basic Construction: Wood Frame Year Built: 1955, (remodeled in 1980’s) Lease Term: Terminates July 31, 2004 Monthly Income: $28,000, NNN Condition: Good Parking: 60 cars (this take into consideration giving adjacent property the exclusive use of 7 cars along the front southern portion of the parking lot) Property Information
The estimated Fair Market Rental Value for 956 Seward Street as of July 2004 is $2.00 per square foot, NNN Comparable Lease Rates for 2004
* Average Price per square foot is $2.16 not including Subject Property
Comparable Lease Rates for 2004
The estimated Fair Market Rental Value for 956 Seward Street as of July 2009 is $3.00 per square foot, NNN Projected Lease Price per Square Foot
* Average Price per square foot is $2.85 as of September 2007 not including Subject Property **Although the average in 2007 is $2.85 projecting forward to 2009 at 2.5% growth per year brings the market rent to $3.00
Projected Lease Price per Square Foot
Fair Market Sale Value as of December 2002 is $4,350,000 Comparable Sales Analysis
* Average Price per square foot is $ not including Subject Property
Comparable Sales Analysis
Similar entertainment use Net Leased 6.85 Cap Rate Corresponding value for 956 based on Cap Rate $4,941,176 Close by N. Vine Street
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816 Seward St. Very Nearby Similar use and type