7022 Melrose Ave, Los Angeles, Ca
MELROSE CROSSING RETAIL SPACE AVAILABLE 7022 MELROSE AVE, LOS ANGELES, CA
AVAILABLE
JOIN:
Los Angeles, CA | 1 SITE PLAN
MELROSE AVE ±49,065 VPD
Tenant SF
Orange Theory Fitness - LOBBY Wells Fargo -
BSMT ACCESS AVAILABLE 1,300
Coffee For Sasquatch AVAILABLE
FORMER NAIL BAR Golden Apple - STAIR TRASHAREA EAST
Standing’s Butchery - LABREA AVE ±37,465 VPD ±37,465
ASKING RENT: $5.50PSF + $1.00 NNN
ALLEY
2 | 7022 MELROSE AVE AVAILABLE
Los Angeles, CA | 3 LOCATION HIGHLIGHTS DEMOGRAPHICS
• Join: Orange Theory Fitness, Wells Fargo, Coffee For POPULATION 1 Mile 3 Mile 5 Mile Sasquatch and more 2025 Projection 42,409 447,404 1,010,403
• Extremely high trafficked intersection on the corner of 2020 Estimate 41,492 439,105 990,451 iconic Melrose Ave and LA Brea Ave Growth 20120 - 2025 2.21% 1.89% 2.01%
• Strong surrounding residential demographics and big HOUSEHOLDS 1 Mile 3 Mile 5 Mile daytime population 2025 Projection 22,289 210,903 423,837
• Retail space has high exposed ceilings and restroom 2020 Estimate 21,680 206,063 414,322 inside the unit Growth 20120 - 2025 2.81% 2.35% 2.30%
• Abundance of shared surface parking across the street INCOME 1 Mile 3 Mile 5 Mile dedicated to the property 2020 Est. Average Household Income $115,277 $103,198 $98,879
• Great visibility facing Melrose Ave
4 | 7022 MELROSE AVE SURROUNDING AREA
N. HIGHLAND AVE ± 42,000 VPD
MELROSE AVE ± 50,000 VPD
SUBJECT PROPERTY N. POINSETTA PLACE ± 47,000 VPD
N. LA BREA AVE ± 38,000 VPD
BEVERLY BLVD ± 30,000 VPD
Los Angeles, CA | 5 LOCAL TENANTS
N. LA BREA AVE ± 38,000 VPD N. HIGHLAND AVE ± 42,000 VPD
MELROSE AVE ± 50,000 VPD SUBJECT PROPERTY
N. POINSETTA PLACE ± 47,000 VPD BEVERLY BLVD ± 30,000 VPD
6 | 7022 MELROSE AVE MELROSE AVENUE
7022 Melrose Avenue is right in the middle of the action. It is located on one of the most iconic streets in Los Angeles. Melrose Avenue is a shopping, dining and entertainment destination in Los Angeles that starts at Santa Monica Boulevard, at the border between Beverly Hills and West Hollywood. It ends at Lucile Avenue in Silver Lake. Melrose runs north of Beverly Boulevard and south of Santa Monica Boulevard.
The property is on the edge of the historical Fairfax District, the center of the Jewish community in Los Angeles. It is known for the Farmer’s Market, The Grove, CBS Television City broadcasting center, the Los Angeles Museum of the Holocaust in Pan Pacific Park, and Fairfax Avenue restaurants and shops.
Downtown Los Angeles West Hollywood LAX 7.8 Miles 1.6 Miles 11.9 Miles 9 6 0 L A B R E A 1 0 4 0 N . L A B R E A
9 2 5 L A B R E A
H E A LT H C L U B H O T E L 7 0 0 7 R O M A I N E
O F F I C E T H E S Y C A M O R E
M E D I C A L O F F I C E S T H E P O I N T E O N L A B R E A 9 0 4 L A B R E A O F F I C E
A P A R T M E N T S 7 0 0 N . H I G H L A N D M I X E D U S E
M I X E D U S E S U B J E C T P R O P E R T Y
NEW DEVELOPMENTS 8 | 7022 MELROSE AVE 925 LA BREA 7007 ROMAINE The project would feature nearly 50,000 In the Hollywood Media District, square feet of office space on its upper construction is now underway for a pair three floors. The structure’s three bottom of mid-rise buildings that will provide floors would be devoted to a 175-car production space for companies in the parking garage and 15,000 square feet entertainment industry. of street-fronting commercial space. OFFICE MEDICAL OFFICES
960 LA BREA Applicant 1 Up Fitness Group, a subsidiary THE SYCAMORE of the German organization McFit Global In the Hollywood Media District, Group, intends to convert the five- construction is now underway for a pair story edifice into a 58,417-square-foot of mid-rise buildings that will provide athletic club, featuring weight rooms, production space for companies in the group fitness groups, a spa and salon, a entertainment industry. swimming pool, a juice bar, and restaurant HEALTH CLUB space. OFFICE
THE POINTE ON LA BREA 904 LA BREA La Brea Avenue with a five-story building The five-story building, designed by that would feature 49 studio apartments Santa Monica-based VTBS Architects, will for low-income households and one include 179 apartments, a 33,000-square- manager’s unit. Plans also call for a gym, foot Sprouts Farmers Market and parking a community room, a laundry facility, accommodations for up to 463 vehicles a central courtyard, and five at-grade and 231 bicycles. APARTMENTS parking stalls. MIXED USE
1040 N. LA BREA 700 N. HIGHLAND Construction of a nine-story building that would feature 91 guest rooms and The project site, will yield a four-story eight apartments above ground-floor building featuring 19 apartments over commercial space. Other proposed ground-floor restaurant space and an elements of the development include a subterranean parking garage. rooftop lounge and swimming pool. HOTEL MIXED USE Los Angeles, CA | 9 MELROSE CROSSING RETAIL SPACE AVAILABLE 7022 MELROSE AVE, LOS ANGELES, CA
CONFIDENTIALITY & DISCLAIMER STATEMENT
This Leasing Package contains select information pertaining to the business and affairs of Property located at7024 Melrose Ave, Los Angeles, CA (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Leasing Package may not be all-inclusive or contain all of the information a prospective lessee may desire. The information contained in this Leasing Package is confidential and furnished solely for the purpose of a review by a prospective lessee of the Property. The material is based in part upon information supplied by the Owner. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Leasing Package or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective lessees should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to lease the Property and to terminate discussions with any person or entity reviewing this Leasing Package or making an offer to lease the Property unless and until a lease has been fully executed and delivered.
In no event shall a prospective lessee have any other claims against Owner or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing of the Property.
This Leasing Package shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Leasing Package.
Exclusive Leasing Agents
JOSH CORDRAY MICHAEL PAKRAVAN Associate - Leasing SVP & National Director - Leasing Direct (310) 919-5839 Direct (310) 919-5737 Mobile (818) 489-3212 Mobile (213) 219-3111 [email protected] [email protected] LIC# 02039302 (CA) LIC# 01706065 (CA)