22,000 SF - TWO-STORY SINGLE-TENANT BUILDING DEGNAN FULL CREATIVE BUILDOUT *UNDER RENOVATION PLACE ESTIMATED COMPLETION 12/31/2020 EXPO PLACE CORRIDOR 3670 DEGNAN BLVD LOS ANGELES, CA
CHRISTOPHER D. BECK ZACH CAINE Newmark Knight Frank Newmark Knight Frank Senior Managing Director Associate 213.596.2225 213.596.2233 [email protected] [email protected] CA RE Lic. #01407175 CA RE Lic. #02062263 RENOVATION UNDERWAY This standalone building is undergoing a full creative renovation and is approximately 22,000 SF, in addition to a private, outdoor area at the northern end of the property facing the Expo line. Once completed, the property’s full DEGNAN creative buildout will include bow-truss ceilings on the PROPERTY OVERVIEW second floor and 14’ clear height on the first floor. Each of the building’s floors has its own restroom and kitchen, PLACE and can be accessed via stairway or elevator. Tenants will have use of the property’s 33 parking spaces, plus abundant street parking.
UNDER RENOVATION ESTIMATED COMPLETION 12/31/2020 RENDERING
UNDER RENOVATION ESTIMATED COMPLETION 12/31/2020 RENDERING
UNDER RENOVATION ESTIMATED COMPLETION 12/31/2020 STAYING SAFE ADVANTAGES OF A PRIVATE CAMPUS IN A COVID-19 WORLD
Flexible No Common No Delays Standalone No Shared Spaces Corridors to Access Building Elevators
Direct Private Horizontal Open Private Tenant Outdoor Campus Space Lobby Access Space DEGNAN MURAL
PROPERTY DETAILS
BUILDING 22,000 SF SIZE: Valspar Paint Pelican STORIES: TWO (2)
LEASE SEVEN (7) TO TERM: TEN (10) YEARS
RENTAL $3.60 NNN/ RATE: 3% ANNUAL INCREASES
EXPENSES: $0.80 PSF
TI NEGOTIABLE ALLOWANCE:
CEILING FOURTEEN (14) FEET HEIGHTS:
FIBER TBD PROVIDER:
33 SPACES/ PARKING: $150/SPACE
UNDER RENOVATION TIMING: ESTIMATED COMPLETION 12/31/2020
SIDE VIEW FLOOR PLAN PROPERTY FEATURES: • Full creative buildout • Bow-truss ceilings on the second floor • 14’ clear height on the first floor • Each floor has its own 2ND FLOOR 1ST FLOOR restroom and kitchen • Stairway or elevator access between floors.
UNDER RENOVATION ESTIMATED COMPLETION 12/31/2020
PARKING AERIAL
EXPO CROSSING
EXPO WALK 3670 DEGNAN PARKING RESIDENTIAL DEVELOPMENT THIRTY THREE (33) UNDER CONSTRUCTION SPACES AVAILABLE EXPO LINE DEGNAN PLACE
HEADQUARTERS 11TH AVE DEGNAN AVE
EXPOSITION BLVD CHARLES GEMEINER CABINETS AREA OVERVIEW
DTLA LA LIVE & STAPLES CENTER COLISEUM & BANC OF USC CALIFORNIA STADIUM
UP-AND-COMING EXPO LINE A surge of companies and highly skilled young professionals are expected to enter the Expo Place EXPO CROSSING Neighborhood in anticipation of the proposed high-profile THE LUZZATTO COMPANY developments. FUTURE DEVELOPMENT EXPO WALK RESIDENTIAL DEVELOPMENT UNDER CONSTRUCTION TRANSPORTATION HEADQUARTERS The LA Metro 1,433-square-mile service area covers nearly one-third of California’s DEGNAN PLACE residents.
CLOSE TO EVERYTHING CHARLES GEMEINER With the expected growth of CABINETS the Metro Line, commuting to Downtown, the Westside, K-Town, The RealReal Hollywood, Santa Monica, Silicon Beach and LAX will become increasingly simple due to this pivotal location within the center of Los Angeles. CRENSHAW CROSSING Easy access to the I-10 Freeway. LOCAL AREA DEVELOPMENTS
RIOS CLEMENTI HALE The world renowned architectural firm relocated its Corporate Headquarters from Hollywood to Exposition Place (steps away from the subject 10 property). They wanted to take full advantage 10 of the direct access to multiple transit lines, DEGNAN PLACE UNIVERSITY the exciting new developments in around the PARK immediate area in addition to building ownership. W JEFFERSONJEFFERSON B BLVDLVD
CULVER CITY RODEO RD CRENSHAW CROSSING CRENSHAW
L BALDWIN Located on the Southeast Corner of Crenshaw and A CIEN E Exposition (steps from the subject property) the VILLAGE LIEMERT MARTIN LUTHER KING BLVD L GA B L 401 unit mixed-use residential project will also A BREA B L PARK S W 110
be comprised of nearly 40,000 sf of shops and ESTERN A VD
restaurants. The project’s design team includes W VERNON AVE VD Belzberg Architects, SVA Architects and the VE landscape architecture firm RELM. VERMONT HARBOR PARK MESA OLSON HOMES - EXPO WALK HEIGHTS The residential developer has acquired multiple W SLAUSON AVE SOUTH 90 LOS ANGELES parcels on Exposition Place and is constructing 78 LADERA HEIGHTS
residential town homes and condominiums. The S VERMONT A multi street development will also include onsite parking.
W FLORENCE AVEW FLORENCE AVE VE CRENSH A 3518 CRENSHAW 405
This TOC Project is led by RSE Capital Partners W B L METRO STOP
and will include 81 residential units with ground VD floor retail. Plans are in the final stages of City EXPOSITION INGLEWOOD TRANSIT CORRIDOR110 approval. W MANCHESTERW MANCHESTERAVE AVE CRENSHAW/LAX TRANSIT CORRIDOR
CENTURY BLVD LOCAL AREA DEVELOPMENTS
DISTRICT SQUARE District Square is a transit-oriented mixed use multi-family development project located at the southeast corner of Crenshaw Boulevard and 10 Obama Boulevard (one block from the Subject Site). 10 The 6.5-acre site will include 573 residential units DEGNAN PLACE UNIVERSITY in addition to grocery, restaurants, and retail PARK amenities. The project is currently being evaluated W JEFFERSONJEFFERSON B BLVDLVD to include a “significant” number of affordable units. CULVER CITY RODEO RD CRENSHAW
BALDWIN HILLS CRENSHAW PLAZA L BALDWIN A CIEN E REDEVELOPMENT VILLAGE LIEMERT MARTIN LUTHER KING BLVD L GA B L A BREA B L
The 40 acre property is currently on the market PARK S W 110 ESTERN A and is planned to be redeveloped into a state-of- VD W VERNON AVE the-art experience with a mix of high-end stores VD
restaurants and creative office space. VE VERMONT HARBOR 4242 CRENSHAW PARK MESA HEIGHTS A development is a mixed-use ground up W SLAUSON AVE SOUTH development with plans to include 124 residential 90 LADERA HEIGHTS LOS ANGELES units above 6,000 square feet for retail. The project is in the final stages of City approval. S VERMONT A
3600 STOCKER STREET W FLORENCE AVEW FLORENCE AVE VE CRENSH A Axiom Real Estate Investments has proposed a 405 5-story mixed-use multifamily project. The proposed W B L development will include over 70 apartments with METRO STOP ground floor amenities for tenants and the community. VD EXPOSITION INGLEWOOD TRANSIT CORRIDOR110 W MANCHESTERW MANCHESTERAVE AVE CRENSHAW/LAX TRANSIT CORRIDOR
CENTURY BLVD METRO LINE MAP
SANTA MONICA BLVD HOLLYWOOD EXPO LINE MELROSE AVE SILVER FAIRFAX LAKE ECHO BEVERLY BLVD 101 PARK The Expo Line is one DODGER BEVERLY LA LARCHMONT STADIUM THE VILLAGE of the Metro’s most HILLS GROVE BREA
LA BREA AVE HIGHLAND AVE WILSHIRE BLVD ridden transit routes WILSHIRE BLVD DOWNTOWN and has a daily ridership MIRACLE KOREATOWN MILE LA of over 60,000+. SAN VICENTE BLVD OLYMPIC BLVD HOOVER STREET LA CIENEGA BLVD CENTURY PICO BLVD MID AVE ARLINGTON CITY WILSHIRE 110 The Expo Line Travels 15.1 PICO- PICO BLVD miles from DTLA to Downtown ROBERTSON CRENSHAW BLVD VENICE BLVD VENICE BLVD STAPLES CENTER Santa Monica in only 46 MID W WASHINGTON BLVD LA LIVE WASHINGTON BLVD CITY LA CONVENTION CENTER minutes. That’s 20-40 minutes LA BREA AVE 10 less than driving during rush 10 W ADAMS BLVD
VERMONT AVE hour CULVER NORMANDIE AVE CITY EXPO/ DEGNAN PLACEWESTERN AVE The Expo Line Extension was CRENSHAW JEFFERSON BLVD RAIL STOP EXPOSITION completed in 2016 (6.6 miles/7 new BLVD RODEO ROAD ST PEDRO SAN stations) with a $1.5 billion investment RODEO ROAD COLISEUM ST EXPOSITION BLVD
NATURAL HISTORY
MUSEUM OF LA FIGUEROA STREET SA NT CRENSHAW LINE A RO MARTIN LUTHER KING JR. BLVD LOS ANGELES SA L I MEMORIAL A BALDWIN D One of Los Angeles’s most anticipated transit R COLISEUM LADERA HILLS . METRO STOP projects, an 8.5-mile light railHEIGHTS line connecting EXPOSITION the Expo line to the South Bay, will open in 2021. TRANSIT CORRIDOR VERNON AVE 110 LA BREA AVE CRENSHAW/LAX VERMONT Once complete, the train line will link the existing TRANSIT CORRIDOR HARBOR Expo) and Green lines, and will bring riders to LA International Airport’s people mover system. FOR MORE INFORMATION, PLEASE CONTACT:
CHRISTOPHER D. BECK ZACH CAINE Newmark Knight Frank Newmark Knight Frank Senior Managing Director Associate DEGNAN 213.596.2225 213.596.2233 [email protected] [email protected] PLACE CA RE Lic. #01407175 CA RE Lic. #02062263 EXPO PLACE CORRIDOR
3670 DEGNAN BLVD LOS ANGELES, CA
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.