5616 Corryne Pl

FOR SALE > 4,000 SF BUILDING LIGHT INDUSTRIAL/COMMERCIAL BUILDING

> 5616 / CORRYNE PL CULVER CITY, CA

RUNWAY

PLAYA JEFFERSON YOUTUBE GOOGLE

5616 CLIPPERS TRAINING FACILITY CORRYNE PL

CULVER CITY TRANSIT CENTER

WESTFIELD CULVER CITY

2 COLLIERS INTERNATIONAL > TABLE OF CONTENTS

The Offering 4 Property Details 6 Building Highlights 8 Floor Plan/Plat Map 10 Area Highlights 12 Interior Photos 14 Sold Comparables 16 Introducing: Culver City & Playa Vista 18 Notable Nearby Tenants 20 Featured Developments 22 Adjacent Amenities 24

5616 CORRYNE PLACE 3 Colliers International has been exclusively retained to represent the owner in the sale of 5616 Corryne Place, an industrial/flex property primed for a creative repositioning in the Fox Hills submarket of Culver City.

Situated right off of Slauson Ave, the building is presently owned and home to a long-standing engineering company. The property has been used for office and light manufacturing for a number of years and will be delivered vacant upon close of escrow or with a short Seller Leaseback. Located right next to the Westfield Culver City and down the road from the Runway Mall Complex, 5616 Corryne Place straddles the border of Culver City and Playa Vista; an area routinely eyed by emerging companies in the surrounding West Los Angeles submarkets.

5616 Corryne Place provides business owners and investors an excellent opportunity to purchase and make their own this unique commercial property in Culver City.

ASKING PRICE BUILDING PSF LAND PSF $2,600,000 $650 $378

4 COLLIERS INTERNATIONAL > THE OFFERING

5616 CORRYNE PLACE 5

P. 5 6 COLLIERS INTERNATIONAL > PROPERTY DETAILS

PROPERTY TYPE Light/Industrial Flex Office

BUILDING SIZE 4,000 SF

LOT SIZE 6,864 SF

YEAR BUILT 1951

ZONING Industrial General (IG District)

PARKING 10 on-site parking spaces Abundant all-day street parking

5616 CORRYNE PLACE 7 > BUILDING HIGHLIGHTS

> Ideal for creative office conversion > High ceilings with open interior layout and abundant natural light > 3 large roll-up doors and ability to add skylights > Building has 3 natural divisible segments with separate restrooms > Walking distance to retail and food amenities at The Runway outdoor mall complex, the Westfield Culver City, also the Clippers Practice Facility, & the new C3 office project > Easy access to the 405 freeway > 3-minute walk to Culver City Transit Center - bus connections to all train lines > 88/100 walkscore > Rare opportunity to own and occupy a free standing office flex building in Culver City

8 COLLIERS INTERNATIONAL 5616 CORRYNE PLACE 9 > FLOOR PLAN

Current Divisible Layout Layout

10 COLLIERS INTERNATIONAL > PLAT MAP Click here to get the map in TIF Click here to get the map in PDF

5616 CORRYNE PLACE 11 HOLLYWOOD DOWNTOWN LOS ANGELES

CORPORATE POINTE

5616 CORRYNE PL C3

CULVER CITY TRANSIT CENTER

SEPULVEDA BLVD SLAUSON AVE

WESTFIELD CULVER CITY

12 COLLIERS INTERNATIONAL > AREA HIGHLIGHTS

> Amazing location right off of Slauson Ave and along the Culver City/Playa Vista border > Near the C3 Office Complex, the Clippers Practice Facility, and the Westfield Culver City > Peaceful side street that allows for privacy and ease of access > 88/100 walk score: growing abundant amenity base > Mass transit bus system in close proximity > Buyer can save 45% on gross receipts tax in Culver City > Culver City is now home to the world’s largest media, technology, and entertainment companies such as HBO, Amazon, and Apple > Companies like Sony, FOX, Yahoo, and now Google have grown considerably in the Playa Vista submarket > Average Culver City Vacancy Rates: 18.1% > Average Culver City Lease Rates: $4.23 PSF/mo

5616 CORRYNE PLACE 13 > INTERIOR PHOTOS

14 COLLIERS INTERNATIONAL 5616 CORRYNE PLACE 15 HOLLYWOOD > SOLD COMPARABLES

BEVERLY HILLS WESTWOOD MIRACLE MILE MID-WILSHIRE

CENTURY CITY 1

3 12 9 11 2 5 CULVER CITY SANTA MONICA 5 1 MAR VISTA 4

VENICE 5616 CORRYNE PLACE

LADERA HEIGHTS MARINA 8 7 DEL REY 10

PLAYA VISTA

16 COLLIERS INTERNATIONAL # BUILDING PHOTO PROJECT NAME / ADDRESS BUILDING SIZE PRICE / PSF SALES PRICE DATE SOLD

5616 Corryne Place 4,000 SF ------Culver City, CA 90232

3521 Schaefer Street 1 4,147 SF $910.30 $3,775,000 1/29/2019 Culver City, CA 90232

3517 Schaefer St 2 5,085 SF $983.28 $5,000,000 1/10/2019 Culver City, CA 90232

5890 Blackwelder St 3 4,400 SF $1,051.14 $4,625,000 12/20/2018 Culver City, CA 90232

9435 Jefferson Blvd 4 5,600 SF $732.14 $4,100,000 8/23/2018 Culver City, CA 90232

3627-3629 Jefferson Blvd 5 6,874 SF $365.14 $2,510,000 8/10/2018 Culver City, CA 90016

12421 Venice Blvd 6 3,520 SF $532.67 $1,875,000 7/31/2018 Culver City, CA 90066

5707-5709 Mesmer Ave 7 4,000 SF $875.00 $3,500,000.00 6/22/2018 Culver City, CA 90230

6800 S Centinela Ave 8 2,731 SF $659.10 $1,800,000.00 6/21/2018 Culver City, CA 90230

8654 Washington Blvd 9 4,025 SF $956.52 $3,850,000.00 6/8/2018 Culver City, CA 90232

5560 S Centinela Ave 10 2,134 SF $796.63 $1,700,000.00 4/6/2018 Culver City, CA 90066

5927 Blackwelder St 11 2,000 SF $700.00 $1,400,000.00 3/16/2018 Culver City, CA 90232

5922 Blackwelder St 12 2,656 SF $935.18 $2,483,851.00 1/18/2018 Culver City, CA 90232

AVERAGE PRICE PSF: $791.43

5616 CORRYNE PLACE 17 SONY YOUTUBE HOWARD HUGHES PROJECT

CLIPPERS TRAINING FACILITY

72 & SUNNY

YAHOO 5616 CORRYNE PL

WESTFIELD CULVER CITY

18 COLLIERS INTERNATIONAL > CULVER CITY & PLAYA VISTA

YOUTUBE GOOGLE Culver City, historically beloved as a beautiful yet quieter West Los Angeles city with 100 years of moviemaking and television history, sits nestled between Lincoln Blvd, Venice Blvd, the 405 and 10 Freeway. Residents adore its location in between the beach and the bustling metropolis of Downtown Los Angeles. Called home by industry giants like Sony 72 & SUNNY Studios and e-commerce behemoth Amazon, Culver City is known for establishments like Helm’s Bakery, it’s many unique art galleries, museums, YAHOO parks, and various dining and entertainment alternatives.

Adjacent to Culver City and Marina Del Rey, Playa Vista is a thriving office submarket occupied by major technology, Internet, and entertainment companies like Google, Facebook, the LA Clippers, NIKE, and Electronic Arts. It has its own historical essence with the private airfield, Hughes Airport, which was built in the 1940s and also a growing retail base.

5616 CORRYNE PLACE 19 > NOTABLE TENANTS

20 COLLIERS INTERNATIONAL Redlight Management Byte Dance Symantec Be Interactive Iprospect MMGY Henkel Dentsu Aegis Network 5616 CORRYNE PL National Boulevard

Yahoo TBWA/Chiat/Day ICANN LA Clippers Belkin Toms

CTRL Collective Honest Co WeWork Fullscreen 72 and Sunny Facebook RG/A Phelps Group Rubicon TVG Networks Omnicom FOX IMAX California Pizza Kitchen Sony

YouTube Google all3media

5616 CORRYNE PLACE 21 > FEATURED DEVELOPMENTS

IVY STATION Ivy Station is a 5.52 acre Transit Oriented Development that will provide residential, office, retail, restaurant, and a boutique hotel with a large central open space. The project is bounded by Washington Boulevard, National Boulevard, and Venice Boulevard and is adjacent to the Expo rail station. HBO has closed on its lease for the entire office portion of the development, approximately 240,000 square feet of the project.

THE CULVER STEPS The Culver Steps at 9300 Culver Blvd will house Amazon Studios, the entertainment arm of the e-commerce giant. The four-story development will consist of approximately 75,000 square feet of state of the art creative office space, 40,000 square feet of fresh retail and restaurant space, and a 35,000 square foot public plaza destined to become the new central gathering space in Downtown Culver City. Project completion is slated for Spring 2019.

CULVER PUBLIC MARKET The Culver Public Market Hall Project is a 1.6 acre project located on the two northerly corners of Washington Boulevard at Centinela Avenue. The project is a public market featuring artisanal vendors under one roof to sell their specialty products. Developed by Regency Centers, this project would bring 26,835 SF of space for food vendors on the western edge of the city along with 3 outdoor dining spaces and a 3.5 level parking structure with 184 spaces. 22 COLLIERS INTERNATIONAL 8777 W JEFFERSON BLVD 12803 WASHINGTON BLVD > FEATURED DEVELOPMENTS

8777 Washington Boulevard will house technology giant, Apple The 5-story development will feature 37 rental apartments Inc., for 128,000 SF. Located on the corner of Washington and 7,200 square feet of ground floor commercial space. & National Blvd, this four story complex will include office Plans also call for 3 units of very low-income housing, as space as well as retail situated on the former Surfas Culinary well as communal amenities like a roof deck and a parking District. garage. The project site spans a half acre between Moore and Meier Streets.

C3 REIMAGINE FOX HILLS

C3 at Culver Pointe is a 281,400 SF, seven-story, open floor Reimagine Fox Hills Master Plan will transform the existing plan vertical office campus targeting West Los Angeles suburban office park into a creative office district with a technology, media, entertainment, & design tenants. Just new “Main Street” of retail, shops, restaurants, open space, completed in 2017. new shared parking opportunities, bike lanes and enhanced streetscape.

5616 CORRYNE PLACE 23 > ADJACENT AMENITIES

Food/Drink Shopping 1 Shakey's Pizza Parlor 1 Ross 2 Starbucks 2 Pavilions 3 Chipotle 3 TJ Maxx 4 Sizzler 4 Target 5 Chick-fil-A 5 Dollar Tree 6 BJ's Restaurant & Brewhouse 7 George Petrelli Steak House 8 Charga House Life/Errands 9 Capriotti's Sandwich Shop 10 Panera Bread 1 Gold’s Gym 11 5i Pho 2 CVS Pharmacy 12 Coco's Bakery Restaurant 3 Paradiso Crossfit Gym 13 Islands 4 Petco 14 Dinah's Family Restaurant 5 United States Postal Service 15 California Fish Grill 6 FedEx Office Print & Ship Center 16 Royal Chinese Food & Donut 7 Trader Joe’s 17 El Super Taco 8 Sprouts Farmers Market 18 Jack in the Box 9 BevMo! 19 Tattle Tale Room 10 Kaiser Permanente 20 Don Chuy's Mexican Restaurant 11 Playa Vista Car Wash

24 COLLIERS INTERNATIONAL Food/Drink 101 Noodle Express Pinkberry Auntie Anne's Pretzels Potato Corner Azabu Sabo Prinkipia Tea House Baskin Robbins Qdoba Mexican Grill Bibigo Round Table Pizza BJ's Restaurant & Brewhouse Sarku Japan Burger King Sbaroo California Steak & Fries See's Candies Fuzziwig's Candy Factory Squiz Up Honeymee Starbucks Hot Dog on a Stick Stone Oven Jamba Juice Subway Lucille's Smokehouse BBQ Sushi Bar Massis Kabob The Coffee Bean Mongill Tutti Frutti Mrs. Fields Wafflejack Olive Garden Wetzel's Pretzels Ono Hawaiian BBQ Wokcano 5616 CORRYNE PL Panda Express

Shopping Adidas Macy’s Aeropastle JC Penny Angl Journeys Best Buy Metropolis Big & Tall Champos Sports Miniso Claire’s New York & Company Express Nordstrom Rack Disney Store Old Navy Forever 21 Pandora Foot Locker Sanrio Hollister Sunglass Hut H&M Victoria’s Secret Kay Jewelers Zumiez

5616 CORRYNE PLACE 25 5616 CORRYNE PLACE CULVER CITY, CA