retail space for lease

Transcription

1 808 SOUTH OLIVE STREET retail space for lease For more information, please contact: Adam Tischer Vice President I Lic adam.tischer@colliers.com Rob Galanti SENIOR VICE PRESIDENT DIR rgalanti@rprp.com

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3 PROPERTY DESCRIPTION SIZE +/- 20,000 SF PREMISES SE Corner of 8th & Olive St RATE Negotiable TERM 10 Years OCCUPANCY Immediate Located in a highly dense residential area that features an abundance of upcoming developments 808 South Olive is situated in a prime location in the heart of DTLA. It is adjacent to the new Whole Foods Market, the Golden Gopher and Colori Kitchen. > Landlord will consider multiple configurations ranging up to 20,000 SF > Ample onsite parking in a covered, aboveground garage > Ideal uses include retail, restaurant or café, gourmet market, and fitness

4 FLOOR PLAN Shibumi For more information, please contact: Adam Tischer Vice President I Lic adam.tischer@colliers.com Rob Galanti SENIOR VICE PRESIDENT DIR rgalanti@rprp.com

5 FLOOR PLAN N 8TH STREET 2,089 SF OLIVE STREET 4,705 SF 7,557 SF Shibumi HILL STREET For more information, please contact: Adam Tischer Vice President I Lic adam.tischer@colliers.com Rob Galanti SENIOR VICE PRESIDENT DIR rgalanti@rprp.com

6 649 S. OLIVE GIANNINI PLACE SYDELL 250 ROOM HOTEL EIGHTH & GRAND WHOLE FOODS 801 S. OLIVE CARMEL PARTNERS 700 UNITS 416 W. 8TH ST COMMERCIAL EXCHANGE SYDELL 200 ROOM HOTEL 820 S. OLIVE ONNI GROUP 589 UNITS (AMONGST THE TALLEST RESIDENTIAL BUILDINGS IN THE STATE OF CALIFORNIA) 888 S. OLIVE LEVEL DTLA 300 UPSCALE EXTENDED STAY UNITS 1001 S. OLIVE LENNAR 201 UNITS 990 S. HILL HANOVER 281 UNITS 830 S. HILL BROADWAY TRADE CENTER WATERBRIDGE CAPITAL OFFICE, 200 ROOM HOTEL & HIGH-END RETAIL legend subject property mixed-use residential retail hotel

7 BOULEVA OAD WAY OLYMPIC RD OLYMPIC BOULEVA RD G E LE S REE T S TR E E N ST T RE ET AV E NU E OL IVE ST ET S TR EET M A IN S TR EET SPRING STREET WAY H I LL RE S BROAD 7TH STREET LOS AN MAI EET ST D 9 TH S TR E S TR IVE AN 8TH STREET S BR H I LL OL GR 5TH STREET 6TH STREET subject property ET

8 DEMOGRAPHICS OVERVIEW smart people with resources In 2004, 23,894 people resided in DTLA. Five years ago, it was 39,537. Today, it is 52,400. The population has more than doubled in the last 10 years. The average age of DTLA residents is 34. Downtown LA has flourished with new residential, retail, and office projects, offering attractive opportunities to capitalize during this development boom. As of January 2015, the number of new development projects totaled ninety-four. A new generation of adventurous chefs, bartenders, loft dwellers, artists, and developers are reviving Downtown as a dynamic and trendy neighborhood. Major corporations work here, leading retailers have opened here, and hip restaurateurs are establishing new locations here. 808 South Olive boasts coveted streetcorner frontage, which provides excellent visibility in a high-density foot traffic area and vibrant pedestrian shopping corridor. Further, the site is adjoined by a covered, multi-level parking structure to accommodate driving patrons. The property is located in one of Downtown LA s most dynamic areas. Situated adjacent to the Historic Core and Financial District, and near hotspots including LA Live, Staples Center, and Nokia Theater, 808 South Olive is strategically positioned to attract business from residents, employees, shoppers, and event goers alike. Its desirable location within a pedestrianfriendly area increases the potential for attractive retail sales profitability. 80% have completed four year degrees or higher. The daily working population is 500,000+ employees. With median incomes over $98,700, they are affluent Millennials. There is pent up demand for quality housing where absorption exceeds supply and the outlook for rent growth is positive. Source: DCIBD 2013 Demographic Study For more information, please contact: Adam Tischer Vice President I Lic adam.tischer@colliers.com Rob Galanti SENIOR VICE PRESIDENT DIR rgalanti@rprp.com