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FOR SALE I N V E S T M E N T 3450 Cahuenga Boulevard, Los Angeles CA 90068 DISCLAIMER The material contained herein is confidential and is presented strictly the Property’s or its operations’ compliance with applicable codes, laws, as information for the exclusive use of the prospective purchaser. regulations, statutes, ordinances, covenants, conditions and restrictions Acceptance of this offering by the prospective purchaser constitutes of any governmental, quasi-governmental entity or any other person or an agreement not to divulge, share or distribute the information to any entity, (vi) the quality of any labor and materials, (viii) the compliance of other party, except legal counsel and financial advisors, without the Property with any environmental protection, pollution or land use laws, specific written authorization of the Seller or Lee & Associates. rules regulations, orders or requirements including but not limited to those pertaining to the handling, generating, storing or disposing of any The materials herein have been obtained from sources believed to hazardous materials, and (ix) except as expressly provided otherwise in be reliable. Nevertheless, the Seller nor Lee & Associates make no an executed contract of sale, the condition of title and the nature, status warranties or representations, expressed or implied, concerning and extent of any right-of-way, lease, right of redemption, possession, the accuracy or completeness of this information. This document is lien, encumbrance, license, reservation, covenant, condition restriction submitted subject to errors, omissions, changes in price; rental, market and any other matter affecting the title. Although Seller’s predecessors or otherwise and withdrawal without notice. may have performed work, or contracted for work performed by third No broker or agent, other than Lee & Associates Seller’s exclusive parties in connection with the Property, the Seller, and its agents shall representative, is authorized to present this investment opportunity. not be responsible to Buyer or any successor on account of any errors or omissions or construction defects of such predecessors and/or third Interested buyers should be aware that the owner (the “Seller”) of parties. the property known as 3450 Cahuenga Boulevard, Los Angeles CA 90068 (“Property”) is selling the property in “AS IS” CONDITION The Seller reserves the right to withdraw the property being marketed WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES at any time without notice, to reject all offers, and to accept any offer OF ANY KIND OR NATURE, EXCEPT WARRANTY OF TITLE. Prior to without regard to the relative price and terms of any other offer. Any and/or after contracting to purchase as appropriate, Buyer will be given offer to buy must be: (i) presented in the form of a non-binding letter a reasonable opportunity to inspect and investigate the Property and of intent, (ii) incorporated in a formal written contract of purchase and all improvements thereon, either independently or through agents of sale to be prepared by or on behalf of the Seller and executed by both Buyer’s choosing. parties; and (iii) approved by Seller, and such other parties who may have an interest in the Property. Neither the prospective Buyer nor Buyer shall not be entitled to, and should not, rely on the Seller, or its Seller shall be bound until execution of the contract of purchase and agents as the (i) the quality, nature, adequacy and physical condition sale, which contract shall supersede prior discussions and constitute the of the Property including, but not limited to the structural element, sole agreement of the parties. foundation, roof, appurtenances, access, landscaping, parking facilities and the electrical, HVAC, plumbing, sewage, and utility systems, facilities The Seller shall not be responsible for the payment of any commission, and appliances. (ii) the quality, nature adequacy and physical condition finder’s fee or other form of compensation to Buyer’s broker other than of soils and geology and the existence of ground water, (iii) the existence, as set forth in Seller’s commission agreement with Lee & Associates-LA quality, nature adequacy and physical condition of utilities serving the North/Ventura, Inc. Property, (iv) the development potential of the Property, its habitability, SELLER AND ITS AGENTS MAKE NO REPRESENTATIONS OR merchantability, or fitness, suitability or adequacy of the Property for any WARRANTIES AS TO THE ACCURACY OR COMPLETENESS OF SUCH particular purpose, (v) the zoning or the legal status of the Property, (vi) INFORMATION. | 2 | THE OPPORTUNITY FOR MORE INFORMATION PLEASE CONTACT: SCOTT ROMICK Principal/Managing Director 818.933.0305 [email protected] BRE # 01323527 DARREN CASAMASSIMA Principal 818.933.0303 [email protected] BRE # 01425638 Lee & Associates®-LA North/Ventura, Inc. Corporate ID #01191898 A Member of the Lee & Associates Group of Companies 15250 Ventura Boulevard, Suite 100 Sherman Oaks, CA 91403 818.986.9800 Main | 818.933.0405 Fax EXECUTIVE SUMMARY Lee & Associates, as exclusive commercial brokerage, Investment Offering Highlights is pleased to announce that we have been retained to represent the owner in the sale of a specific number Choose between Value Add and/or Stabilized units of special investment opportunities in one of the Purchase Options include single units or blocks of 2, 5, 7 or more. most unique real estate assets in this market – THIRTY FOUR FIFTY WEST. The campus consists of individual One of the easiest investment/management asset class available private separate entry commercial condominiums with the special added benefit of being designated “Live/ Located in one of the strongest submarkets Work” which are being made available for purchase Capturing high range rents for both commercial and residential tenants by either investment buyers and/or owner/users. Designed and developed ahead of its time, THIRTY FOUR FIFTY WEST embodies everything that businesses and tenants look for in today’s office market…..a productive workplace environment with emphasis on light, space and contemporary design. With high-quality construction of only 10 years old that is unparalleled in this market of properties that average over 60 years old. THIRTY FOUR FIFTY WEST community is complete with lush tree-lined streets and outdoor amenity spaces for tenants use such as BBQ and lounge area with fireplace, ping pong table, dog walk, valet parking etc. The campus lies at the crossroads between the East Valley Media and Entertainment area and Hollywood, central to all of the main Film and TV studios, new and old mediums. Occupiers walk to a variety of great amenities including restaurants, bars, gyms, an outdoor park and so much more. With immediate multiple freeway access points and roads to all major destinations in the surrounding areas, THIRTY FOUR FIFTY WEST is an ideal location for many types of businesses who want to be close to their clients. | 4 | PROPERTY DESCRIPTION The opportunity to purchase units at THIRTY FOUR FIFTY WEST consists of various units either as a leased investment, vacant investment and/or vacant owner/user. THE community includes: CONNECTED OUTDOOR SPACE 12 buildings with 4 to 7 units per building Each unit has its own separate private entrance Units range from 1,931 sf to 2,360 sf GAME Each unit is designed with top-tier finishes FACILITIES • 12-foot ceilings at the ground level • Expansive second floor work area with 18-foot exposed beam high ceilings PROXIMITY TO • Third floor allows for privacy as well as viewing AMENITIES of the main space • Ground floor for studio space, work area, parking or a mix of all • Walls are concrete filled concrete block which CENTRAL allows for excellent sound attenuation LOCATION • Operable windows • All units have 2 usable private balconies. • Most units have private yards CREATIVE CULTURE See the Opportunity List on page 20 | 5 | INVESTMENT HIGHLIGHTS THIRTY FOUR FIFTY WEST is a unique multitude of media company a couple miles away development that enjoys a superb location in the in Hollywood. heart of the entertainment and media corridor Burbank, Universal City, North Hollywood, Studio Tenants can walk to restaurants, coffee houses, City and Hollywood are well known for their theatres, music venues, gyms and parks within a large concentration of media and entertainment safe and pedestrian friendly neighborhood. employers covering the full spectrum of animation, movies, television, radio, music labels Each unit floor plan is distinctively unique and more studio production square footage than featuring three story units with exposed concrete any place in the world. block walls, beams and wood floors blending the creative industrial loft feel with the bright and Close to the Universal Studio lot, Metro station breezy vibe of Southern California. to catch the Red Line South to Hollywood and DTLA or north to North Hollywood. Bus #237 just There is an existing condominium map which outside the property. Freeway access one block also allows for the benefit for use by commercial from the northbound 101 freeway on/off ramp and residential tenants as well as the rare option and .4 miles from the southbound on/off ramp. of the live/work designation. Community Amenities The work tenants range from production companies to graphic artists to barbers to general Community private streets businesses. Private Lounge areas with BBQ and eating area A sought after street, Tenants have immediate Game area access within 5 minutes
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