LOS A N G E L E S, C A

Transcription

1 LOS A N G E L E S, C A AVAILABLE FOR SALE OR LEASE 3 DEVELOPMENT PARCELS AND 2 ADAPTIVE-REUSE BUILDINGS IDEAL FOR MIXED USE RESIDENTIAL, HOTEL AND / OR CREATIVE OFFICE DEVELOPMENT IN A PRIME SOUTH PARK NEIGHBORHOOD

2 SHORT WALK TO LA LIVE NEXT DOOR TO ONE OF THE MOST SUCCESSFUL APARTMENT DEVELOPMENTS IN DOWNTOWN (440-Unit Avant Luxury Apartments owned by Essex Property Trust) ADJACENT TO THE LA CONVENTION CENTER In October 2017, the LA Convention Center announced its best year ever, with 74% occupancy, compared to only 56% in 2013 (the last year it was run by the City of LA before turning over operations to AEG). Prestigious Figueroa Street Address in South Park 1540 S FIGUEROA 49,600 SF BUILDING 24,796 SF LAND

3 JUST OVER A BLOCK FROM THE METRORAIL STATION (Flower & Pico) 1341 S FLOWER 8,134 SF LAND 1367 S FLOWER 15,900 SF BUILDING 16,581 SF LAND INCLUDES TWO BOW-TRUSS BUILDINGS THAT COULD BE CONVERTED TO HIGH-END CREATIVE OFFICE SPACE (Under the City s Adaptive-Reuse Program) 1411 S FLOWER 15,517 SF LAND ANCHORED BY A PRIME 55K DEVELOPMENT SITE 1505 S FLOWER 30,989 SF LAND (Ideal for Mixed-Use Residential And / Or Hospitality Uses)

4 LOS ANGELES, CA FIGUEROA STREET CA MERON LANE VEN ICE BLVD FLOWER STREET 1505 S FLOWER STREET 30,989 SF Land 1540 S FIGUEROA STREET 49,600 SF Building 24,796 SF Land 1367 S FLOWER STREET 15,900 SF Building 16,581 SF Land 1411 S FLOWER STREET 15,517 SF Land Exclusively Offered By: DAVID HASBROUCK JOHN EICHLER TYLER STARK MARK CAPASSO david.hasbrouck@cushwake.com CA License john.eichler@cushwake.com CA License tyler.stark@cushwake.com CA License mark.capasso@cushwake.com Executive Managing Director Executive Director Senior Associate Executive Director / National Hospitality Practice Leader S FLOWER STREET 8,134 SF Land

5 INVESTMENT HIGHLIGHTS Venice is a 96,017 SF portfolio of prime parcels including two buildings with adaptive re-use creative office potential, anchored at the northeast corner of South Figueroa Street and Venice Boulevard, and extending north onto South Flower Street. STAPLES CENTER LA LIVE In addition to a core South Park location that has proven institutional development appeal (e.g. Essex Property Trust s acquisition of the Avant Apartments in 2015), Venice has a unique multi-purpose component for the phased or simultaneous development of residential, hotel, adaptive-reuse office and/or retail. ET AVANT APARTMENTS RE ST ER OA 1367 S FLOWER GU 1411 S FLOWER AVANT APARTMENTS FL OW Multiple parcels and buildings in a single block provide a unique opportunity to create a mixed-use ecosystem. PICO / FLOWER METRORAIL 1341 S FLOWER LA CONVENTION CENTER FI A Transit Score of 98/100, and a Walkable Score of 92/ FLOWER STREET TWIN TOWERS RESIDENTIAL PICO BOULEVARD The following are among the notable qualities of the Venice development offering: A Figueroa branded South Park location, directly across the street from the expanding and soon-to-be renovated LA Convention Center, and within easy walking distance to LA Live. OCEANWIDE PLAZA & FIG SOUTH RESIDENTIAL HOSPITALITY & RETAIL ER 1505 S FLOWER ET 1540 S FIGUEROA RE 1540 S. Figueroa Street is a two-story, 50k SF concrete and steel building with expansive slabto-slab ceiling heights and a bow-truss ceiling on the second story. The property has building top signage visible on both the 10 and 110 freeways and street frontage on both South Figueroa Street and Venice Boulevard. ST Exceptional visibility and access to both 10 and 110 freeways. N VENICE BOULEVARD Exclusively Offered By: 1367 S. Flower Street is a single-story, 16k SF brick warehouse building with a bow-truss ceiling and saw-tooth windows. DAVID HASBROUCK Executive Managing Director david.hasbrouck@cushwake.com CA License JOHN EICHLER Executive Director john.eichler@cushwake.com CA License TYLER STARK Senior Associate tyler.stark@cushwake.com CA License MARK CAPASSO Executive Director / National Hospitality Practice Leader mark.capasso@cushwake.com Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.