1201 NORTH BROADWAY. Los Angeles CA. Exceptional Creative Office & Mixed-Use Development Opportunity. TOC Tier 3

Transcription

1 Exceptional Creative Office & Mixed-Use Development Opportunity 25,700 SF Building Area 1.07 Acres of Land Entitled 118 Apartments 8,691 SF Commercial Bishops Road TOC Tier 3 Broadway Los Angeles CA

2 The Opportunity CBRE is pleased to present the opportunity to acquire 1201 N. Broadway (The Property ). The Property is currently improved with an exceptional one-story creative office building comprised of ±25,700 square feet on ±1.07 acres of land. The Property is remarkably well positioned at the gateway to Downtown Los Angeles along Broadway, and is walking distance to the Chinatown Goldline Metro Station N. Broadway is currently entitled for 118 market rate apartment units with 8,691 square feet of office/commercial space. The Propery is TOC Tier 3. The seller currently occupies the office building and plans to vacate the entire space shortly after close of escrow. Property Website:

3 PROPERTY HIGHLIGHTS CREATE OPPORTUNITY Benefit from a truly creative opportunity enhanced with the flexibility of multiple attractive options. Create an urban oasis, or develop apartments on a sizable parcel of prime Los Angeles land. The Property presents an exceptional canvas for creative vision. ENTITLED APARTMENT UNITS 1201 N. Broadway provides an immediate opportunity to develop 118 market rate apartment units, and 8,691 square feet of office/commercial space with its current entitlement. TURN KEY CREATIVE OFFICE GEM The Property is currently improved with remarkable creative tenant improvements, making 1201 N. Broadway ready for occupancy now. CAPITALIZE ON LA S STRONG FUNDAMENTALS Los Angeles continues to experience rapid population growth, high incomes and lack of sufficient supply translating to an abundance of demand for new creative space and multi-family units N. Broadway is one of the few available top tier creative properties and the only one entitled for apartment development in the thriving, supply-constrained, DTLA submarket. ACCESSIBILITY AND LIFE-STYLE 1201 N. Broadway is situated in an amenity rich and highly accessible location. The Property is walking distance to the Chinatown Metro Goldline stop, and has tremendous access to the 110 Freeway and Broadway providing immediate access to major transportation routes. The Property also sits at the gateway to one of Downtown L.A. s hottest neighborhoods, providing access to a multitude of entertainment venues.

4 Property Details ADDRESS LOT SIZE IMPROVEMENTS ACRES APN YEAR BUILT ZONING TAX RATE SPECIAL ASSESSMENTS 1201 N. Broadway 36,694 SF 25,700 SF ; /193/1965 C2-2D % $2, ; $ N. Broadway 10,160 SF 0 SF ; R % $ ; $ TOTAL 46,854 SF 25,700 SF 1.07 *All Parcels TOC Tier 3

5 Chinatown Lincoln Riboli Development 1424 N. Spring St Los Angeles State Historic Park 1637 N Spring St N. Spring St Metabolic Studio Downtown Properties Devopment 200 Mesnagers Devopment Alpine Recreation Center Shomof Development 708 N. Hill St. Development Far East Plaza N. Spring St. 21 La Plaza N. Spring St College Station LA Chinatown Lofts Capitol Milling Re-Use 43 Mul family 1. Blossom Plaza 2. Jia Apartments 3. Mosaic Apartments Crea ve + Office 4. KGB Studios 5. Gamma Studio Photography 6. Rock Star Studios 7. Metabolic Studio 8. True Vision Entertainment Studio 9. Far East National Bank 10. Cathay Bank 11. Allied Pacific IPA N. Spring St N. Spring St N. Spring St N. Spring St. Flex Space N. Spring St. Flex Space Development 17. Lincoln Riboli Development : 920 Units ; 21,406 SF Commercial 18. Capitol Milling : Adaptive Re-Use 19. College Station : 770 Units ; 51,000 SF Retail + 37,000 SF Market 20. LA Chinatown Lofts 21. La Plaza Cultura : 355 Units ; 43,000 SF Commercial 22. Downtown Properties Development Mesnagers Development 24. Potential Development 1457 Main St N. Hill St. Development : 162 Units ; 5,000 SF Retail 26. Shomof Development : 122 Units ; 4,200 SF Retail Potential Development 1457 Main St. Ameni es 27. Dodger Staduim 28. Los Angeles State Historic Park 29. LA Union Station 30. Chimney Coffee House 31. Burgerlords 32. Chego 33. Howlin Rays 34. Lasa 35. Baohaus 36. Lao Tao 37. Bang Na Thai Fusion 38. Phillipe The Original 39. The Little Jewel of New Orleans 40. Spring Street Smokehouse BBQ 41. Belle Belle s Cue 42. Wong Kok Restaurant 43. San Antonio Winery Schools + Public Facili es 44. Cathedral High School 45. Castelar Elementary School 46. Alpine Recreation Center Transporta on Chinatown Metro Gold Line Station 101 Freeway 110 Freeway The Property 1201 N. Broadway

6

7 Downtown Los Angeles Chinatown Gold Line Station Chinatown Dodger Stadium Broadway Los Angeles State Historic Park Bishops Road Broadway EXCLUSIVELY OFFERED BY BRAD MCCARTHY Lic NORTH 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.