INDUSTRY PARTNERS T 310 395 5151 info@industrypartners.com CA BRE NO. 01900833 ANDREW JENNISON aj@industrypartners.com CA BRE No. 01275687 BLAKE SEARLES blake.searles@am.jll.com CA BRE No. 01514932 FOR LEASE 73 MARKET STREET VENICE, CA 90291 CREATIVE OFFICE IN THE HEART OF VENICE ±11,531 RSF AVAILABLE ± 2,690 RSF ROOFTOP DECK DIVISIBLE* TO ±4,888 RSF 73 MARKET STREET VENICE FOR LEASE
FOR LEASE Available Area Rate NNNs ±6,643 RSF First Floor ±4,888 RSF Second Floor* ±2,690 SF Outdoor Deck ±11,531 Total RSF $5.75 / SF per Month / NNN $0.19 /SF/mo. Approx, or $26,614 per year Occupancy September, 2018 Term Parking 5-10 Years 3 spaces per 1,000 SF (Valet) Available in adjacent parking lot at prevailing rate *Under multi-tenant scenario, 2nd Floor tenant to be charged additional rent for private use of rooftop deck patio. Features + + Located steps away from Venice Beach and the Boardwalk + + Only the second time the building is available for lease in over 40 years + + At the corner of Pacific and Market Street, one of the most active creative tenant environments in Venice + + 2 outdoor decks with incredible ocean views + + One block from the Boardwalk, and within walking distance of amenities along Rose Ave, and Abbot Kinney Blvd + + Nearby amenities include Eggslut, Hama Sushi, Great White, Intelligentsia, Gjelina, Blue Bottle Coffee, Lemonade, and many more + + Located in the epicenter of Silicon Beach + + Surrounded by a dynamic community of creative office tenants in the tech, media, e-commerce, and entertainment industries + + Near-perfect Walkscore of 95/100 and Bikescore of 96/100 2
PROPERTY OVERVIEW UNIQUE, HISTORIC BUILDING WITH OCEAN ACCESS AND VIEWS For the past 4 years 73 Market has housed a major tech company with up to 100 employees. This historical (1922) two-story, brick building is the most original of its kind in Venice, or perhaps anywhere on the West Side of Los Angeles. On the very visible corner of an oceanfront block, it s only a stone s throw from the beach, but isolated from the hustle and bustle of the boardwalk. The property has been meticulously restored, maintained, and updated the crown jewel of a unique street, known for its eclectic occupants and fascinating history. For the previous 4 decades, it served as a motion picture production office and screening, editing, postproduction facility. The 73 Market Street list of tenants - past and present - is legendary, including writers, directors, actors, producers, artists, and composers. The ground floor consists of about 6,500 SF of generally open space, featuring 13 ceilings. Recent tenant improvements include two kitchens, 6 bathrooms, meeting and conference rooms, offices, floors, light fixtures, internet and security systems. The second floor consists of 4,900 SF of offices of varying sizes, 2 bathrooms, storage, and a kitchen. The original oak stairs and floors have been restored, as well as the mahogany trim, rub-rails, doors and office closets. Original door fixtures, lights, and glass have also been retained. The 1,700 SF second floor roof has been transformed into a spacious, partially covered deck, with stairs leading to an 800 SF third-floor deck, also partially covered. The rooftop deck provides ocean views as well as a 360 degree vista, encompassing Malibu, Catalina Island, the Santa Monica mountains, Century City, and even downtown L.A. and the Hollywood sign. Recent improvements include air conditioning and heat throughout; steel earthquake retrofit per Los Angeles code; new windows and frames throughout; and security/internet wiring. No expense was spared by either its owner of 40+ years, or its tenant of the past four. The building is in turn-key condition and configuration. 80-car parking is available on an adjacent, secure lot under the same ownership. Valet service is also available, with a unique phone app for no-wait retrieval. 3
PROPERTY PHOTOS EXTERIOR 4
PROPERTY PHOTOS GROUND FLOOR WORKSPACE 5
PROPERTY PHOTOS SECOND FLOOR WORKSPACE 6
PROPERTY PHOTOS THIRD FLOOR ROOFTOP DECK 7
FLOOR PLAN FIRST FLOOR ± 6,643 RSF NOT TO SCALE Actual space may vary. For information purposes only 8
FLOOR PLAN SECOND FLOOR ± 4,888 RSF NOT TO SCALE Actual space may vary. For information purposes only 9
FLOOR PLAN THIRD FLOOR ± 2,690 RSF NOT TO SCALE Actual space may vary. For information purposes only 10
LOCATION 73 Market St VENICE Windward Ave Abbot Kinney Blvd 11
LOCAL AMENITIES No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease are subject to change or withdrawal without notice. 2018 INDUSTRY PARTNERS La Veccia Cucina Sunny Blue Enterprise Fish Co. 220 Fitness The Firehouse Venice Alehouse Via Veneto Rose Cafe Gold s Gym Google ROSE AVE Buzzfeed Barrique Gjusta 73 Market St Wallflower Moon Juice Groundwork Coffee The Sidewalk Cafe Hotel Erwin Eggslut Whole Foods Cafe Gratitude Felix The Butcher s Daughter Blue Bottle Coffee Townhouse Hama Sushi Great White Canal Club Wurstkuche Roosterfish Intelligentsia Jame s Beach Shima Gjelina The Brig The Tasting Kitchen Lemonade Erewhon Market Cafe Zinque WALK SCORE 95 VERY WALKABLE Vice Media Snapchat Superba Felix Hotel Erwin Gjusta Great White 12