1211 EAST WASHINGTON FOR SALE. Full City Block Purchase Opportunity Adjacent to the Fashion & Arts Districts, 10 Fwy and Metro Blue Line
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1 1211 EAST FOR SALE Full City Block Purchase Opportunity Adjacent to the Fashion & Arts s, 10 Fwy and Metro Blue Line
2 1211 EAST EXECUTIVE SUMMARY Newmark Grubb Knight Frank (NGKF), as exclusive advisor, is pleased to present this opportunity to acquire the fee-simple interest in a full city block located at 1211 East Washington Boulevard, Los Angeles, California. The Property is the current headquarters of J Brand Jeans, a premium denim and high-end fashion company based in Los Angeles and will be delivered vacant 2Q Owned by Atlas Capital Group, the Property is a total of +/- 120,500 SF of Building situated on +/ Acres of land. The first floor is ideal for manufacturing and /or other industrial uses, while the second floor contains nicely appointed creative office space. There is also a retail component of +/- 5,405 SF at the corner of Washington Boulevard and Central Avenue. E. 18TH PALOMA ST. CENTRAL AVE. E. PROPERTY DESCRIPTION PRODUCT TYPE Industrial (Creative Office / Retail) APN ADDRESSES BUILDING SF LAND AREA FLOORS 2 FLOOR SF YEAR BUILT 1936 PARKING 1211 E E E. 18 TH STREET 1126 E. 18 TH STREET +/- 120,500 SF +/ Acres (+/- 112,384 SF) 1 ST - +/- 70,893 SF 2 ND - +/- 49,607 SF +/- 80 Stalls CEILING HEIGHTS 12 to 18
3 Attractive Market Fundamentals The Los Angeles Central Industrial Market (+/-297 million SF) continued to experience significant positive net absorption (+/-935,742 SF) throughout 2016 due to a consistent level of gross sale and leasing activity. The historically low market vacancy rate remained unchanged at +/- 0.8%. The Downtown Los Angeles Industrial Submarket (+/- 73 million SF) also exhibited a vacancy rate of less than 1%. This submarket has experienced thirteen (13) consecutive quarters of positive net absorption dating back to Currently, over half the occupants within the market are garment / apparel PALOMA ST. E. 18 TH ST. ESSEX CENTRAL E. related. In total, 85% of the buildings located within the DTLA Industrial Submarket are +/-25,000 SF or less in size. Rare Owner / User or Investor Opportunity PROPERTY HIGHLIGHTS: The DTLA Industrial Submarket vacancy rate remained unchanged at +/- 0.8%, a historical low Only current site available in the greater DTLA Industrial Submarket in excess of +/-100,000 SF The Building boasts beautiful wood-bowtruss ceilings with significant clear span throughout The Property is a one (1) block walk to a transit oriented rail stop via the Metro Blue Line and offers immediate vehicle access to the Interstate (10) Freeway PROPERTY HIGHLIGHTS Currently the headquarters for J Brand Jean s office and manufacturing operations, this rare acquisition opportunity offers an Owner / User or Investor the opportunity to purchase the only current site available in the greater DTLA Industrial Submarket area in excess of +/-100,000 SF within walking distance (one block) to a transit oriented rail stop and the 10 freeway. The offering includes an entire city block, with approximately +/-120,500 SF of building situated on +/-2.58 Acres of land. Also included is an adjacent parking lot consisting of +/- 65 parking stalls. In addition, there are +/- 15 on-site parking stalls, for a total of +/- 80 parking stalls. The building is oriented with four (4) ground level loading doors located on three (3) sides of the building. The building boasts beautiful wood bowtruss ceilings with a significant amount of clear span throughout. The location is within immediate proximity to multiple DTLA micro markets including the Arts, Fashion, Produce, Electronics, South Park and LA Live s. The immediate area also has an extremely skilled labor force.
4 EAST PARCEL MAP APN: APN: APN: APN: E. 18 TH STREET PROPERTY HIGHLIGHTS LAND AREA: BUILDING SF: FLOOR SF: PARKING: +/ Acres +/- 120,500 SF 1 ST - +/- 65,488 SF 2 ND - +/- 49,607 SF +/- 80 Stalls GRIFFITH AVE. PALOMA STREET E. 18TH E. ESSEX STREET CENTRAL AVE. E BLVD.
5 Retail 1211 EAST First Floor Second Floor F L O O R P L A N S
6 South Park / LA Live Central Business City Hall / Civic Center 1211 EAST Arts Fashion Electronics Produce 1211 E. Washington 1211 E. Washington Boulevard is uniquely located in the heart of Downtown Los Angeles and minutes to the Arts, Fashion, Produce, LA Live, Little Tokyo, Chinatown, Bunker Hill, Central Business CENTRAL LOCATION and the University of Southern California. It is walking distance (one (1) block) to a transit oriented rail stop via the Metro Blue Line and offers immediate vehicle access to the Interstate (10) Freeway. Nearby, recently approved development & re-development projects include the ROW DTLA, the Ford Factory, the REEF (Former Furniture Mart) and expansion/re-purposing of Los Angeles Trade Tech College adding to the area s growing vibrancy.
7 1211 E. Washington
8 INTERIOR PHOTOS
9 1211 EAST FOR SALE SALE CONTACTS: Christopher Beck Brad Feld Scott Schumacher Kevin Shannon Managing Director Vice Chairman Managing Director President, W. Coast Capital Markets T T T T CBeck@ngkf.com Brad.Feld@ngkf.com Scott.Schumacher@ngkf.com Kevin.Shannon@ngkf.com CA RE License # CA RE License # CA RE License # CA RE License # NGKF Corporation License # The broker for a purchaser of the property shall be entitled to receive a real estate commission only in the event that broker and the property s owner execute a written commission agreement, containing the manner of calculation of that commission and all conditions to its payment, and the satisfaction of those conditions. Absent a written agreement to the contrary between that broker and NGKF, that broker shall not look to NGKF for payment of such a commission or any other compensation. Although all information furnished regarding property for sale, lease, or financing has been obtained from sources deemed to be reliable, that information has not been verified by NGKF and no express representation is made nor is any to be implied as to the accuracy thereof. That information is subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by NGKF s client.
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