Redevelopment Coming Soon • pre-leasing now! watch video
RETAIL • RESTAURANT • FITNESS • BEAUTY • CREATIVE OFFICE • MEDICAL • BIG BOX ±1,000-50,000 SQUARE FEET BUILDING A VIEW - FROM VAN NUYS BOULEVARD ENTITLEMENT SUBMITTAL SHERMAN OAKS SQUARE APRIL 3, 2019 Gensler 11 leasing package Presented by
Architect’s Rendering 2 FASHION SQUARE Welcome to the Neighborhood.
WATCH OUT VENTURA BOULEVARD. ±275,000 CPD VAN NUYS BOULEVARD HAS TAKEN OVER!
MOORPARK ST ±18,000 CPD Van Nuys Boulevard now boasts the largest concentration of street-
VENTURA BLVD ±50,000 CPD front national and regional tenants in the trade area. As demand for space along Van Nuys Blvd. has proven overwhelming, to date VAN NUYS BLVD ±35,000 CPD there has only been a limited amount of availability on offer. Until now. Sherman Oaks Square will be the largest repositioning not only on Van Nuys Blvd, but also in the entire highly desirable Sherman Oaks market to date. Benefiting from massive traffic along Van Nuys Blvd and Ventura Blvd from the US-101 and nearby I-405, Sherman Oaks Square is uniquely situated directly in the path of the Valley’s daily travel. Located on 4 acres of pristine urban landscaping, the Square spans one full city block and is highly visible to passing traffic. Placing a focus on accessibility and efficiency with ample parking, including a new 373-stall parking structure and synergistic co- tenancy, Sherman Oaks Square promises to be the Valley’s one- stop-shop for daily needs, as well as cutting-edge restaurants, services, lifestyle boutiques, and fitness offerings. With the planned full renovation of the current shopping center, the Square offers today’s brands an opportunity to establish a sparkling presence along the incredible Van Nuys Blvd and Ventura Blvd corridor. 3 HIGHLY CONVENIENT LOCATION ON THE CRITICAL VAN NUYS BOULEVARD / MOORPARK ST INTERSECTION IN SHERMAN OAKS SHERMAN OAKS GALLERIA Sherman Oaks Square sits on the highly visible corner of Van Nuys Blvd (35,000 VPD) and Moorpark St (18,000 VPD). This signalized corner receives heavy daily traffic from commuters heading into the Sherman Oaks/Studio City/Encino commercial corridor along the major Ventura Blvd thoroughfare. With traffic being an everyday concern for local residents, this highly accessible, one-stop-shop format of the reimagined center will prove a welcome addition to the neighborhood.
VENTURA BLVD VAN NUYS BLVD
MOORPARK ST
4 Designed by Gensler, the redevelopment of the existing Sherman Oaks Square will THE REDEVELOPMENT completely transform the look and feel of the center, creating a bright, warm and inviting ambience completely at home in the high-end Sherman Oaks neighborhood. Included within the entitled plan is the addition of a brand-new second-story office PARKING GARAGE space atop existing one-story buildings A and B. The existing two-story building D C will be completely renovated, and the existing ±25,000 SF building D can be b expanded to roughly ±40,000 SF for multiple uses including office, medical, and c retail. A new 373-space parking structure ensures ample parking to accommodate the increased occupancy and expected center popularity. Aesthetically, the center will benefit from an entirely reworked and highly attractive a exterior with lush trees, shrubs and ferns, along with extensive trellises with climbing vines. The redevelopment will completely refresh the existing buildings’ fascias, and the construction will utilize attractive, eco-friendly materials such as stucco, with accents of solid wood and powder-coated metal. Ground-level retail will benefit from new outdoor patio seating and dining areas that capitalize on the center’s enhanced open-air appeal.
BUILDING A BUILDING B BUILDING C BUILDING D
5 BUILDING A VIEW - FROM VAN NUYS BOULEVARD ENTITLEMENT SUBMITTAL SHERMAN OAKS SQUARE APRIL 3, 2019 Gensler 11 LEVEL ONE IMAGINED RETAIL USES MILBANK STREET
3 1 D 1000 SF 1500 SF 1900 SF D 2 OFFICE/RETAIL OFFICE/RETAIL D 5340 SF 5987 SF 1 OFFICE/RETAIL a COFFEE BANK CURATED MARKET 4663 SF LOADING AREA
1 B b2 b3 1000 SF 1300 SF 1200 SF 1900 SF RETAIL 3687 SF RESTAURANT RESTAURANT 7000 SF 6922 SF 1 RETAIL 2 RETAIL a 4400 SF a 4400 SF NEW PARKING 2 STRUCTURE SYLMAR AVENUE WELLNESS BLOW DRY BAR NAIL SALON FACIAL BAR a 91 SURFACE SPACES (373 PARKING STALLS) 1 ENTIRE 4400 SF C RESTAURANT DIRECT TO CONSUMER RETAILER 2403 SF VAN NUYS BOULEVARD NUYS VAN
(NAP) 2 3687 SF C 1 RETAIL B BOUTIQUE FITNESS 6867 SF
3 RESTAURANT 4767 SF UPSTAIRS 6867 SF DOWNSTAIRS OR 6079 SF UPSTAIRS C 2766 SF LOADING BOUTIQUE FITNESS ORGANIC MARKET MOORPARK STREET AREA 2 C 6867 SF DOWNSTAIRS + 6079 SF UPSTAIRS
SMALL FORMAT BIG BOX RETAILER 6 LEVEL ONE IMAGINED RESTAURANT USES MILBANK STREET
3 1 D 7000 SF D 2 OFFICE/RETAIL OFFICE/RETAIL D 5340 SF 5987 SF 2 OFFICE/RETAIL B LARGE FORMAT RESTAURANT 4663 SF LOADING AREA
1 B 2 3 1100 SF 800 SF 1200 SF 1200 SF 2622 SF b b RETAIL 3687 SF RESTAURANT RESTAURANT 7000 SF 6922 SF 1 RETAIL 2 RETAIL a 4400 SF a 4400 SF 3 NEW PARKING B SUSHI CREAMERY JUICE BAKERY CAFE STRUCTURE SYLMAR AVENUE 91 SURFACE SPACES (373 PARKING STALLS) ENTIRE 6922 SF C 1 RESTAURANT LARGE FORMAT CASUAL DINING 2403 SF VAN NUYS BOULEVARD NUYS VAN
(NAP) 2 2403 SF C 4 RETAIL 6867 SF B RAMEN
3 RESTAURANT 2766 SF C 2766 SF 5 LOADING B CALIFORNIA FRESH RESTAURANT MOORPARK STREET AREA
7 LEVEL ONE
3 D 1 D 2 OFFICE OFFICE D 5340 SF 5987 SF Building D offers up to roughly 40,000 square feet across two stories for a variety of OFFICE 4663 SF uses. Currently a dual level ±25,000 square foot movie theatre, entitlements are in place for a fully customizable expansion and delivery of the space is negotiable. LEVEL TWO Single occupiers, be it “big box” retail or grocery, medical, entertainment or creative office, the possibilities abound. Multiple office users taking part of the myriad different D7 footprints available is another route that will be considered. OFFICE/ 6 4 RETAIL D The second level of Buildings A, B, and C also offer office space to occupier specification, D 1037 SF OFFICE/RETAIL including a tranquil outdoor terrace between Buildings A and B. OFFICE/RETAIL 5 5340 SF 6309 SF D OFFICE/RETAIL 3144 SF LOADING AREA
4 5 b B B6 OFFICE/RETAIL OFFICE/RETAIL 5254 SF 5782 SF OFFICE/RETAIL 7497 SF 3 OFFICE/RETAIL TERRACE a 6609 SF 2200 SF BRIDGE TO PARKING 91 SURFACE SPACES NEW PARKING STRUCTURE (373 PARKING STALLS) VAN NUYS BOULEVARD NUYS VAN
(NAP) 4 C 5 OFFICE/ C RETAIL OFFICE/ 6079 SF RETAIL 4767 SF
5(129$7('2)),&( )250(57+($7(5 ,17(5,259,(: (17,7/(0(1768%0,77$/ 6+(50$12$.6648$5( '(&(0%(5 *HQVOHU 8 HIGHLIGHTS
LOCATED OFF THE RENOWNED VENTURA BOULEVARD CORRIDOR Ventura Boulevard has evolved into a popular shopping ENCINO destination in Los Angeles due to its proximity to Hollywood and the Westside, and its connection to all of Los Angeles’s major highways via the US-101 freeway and the nearby I-405 interchange. Sherman Oaks Square is a mere block from Ventura Boulevard and is visible to anyone accessing Ventura Boulevard via Van Nuys Boulevard. The area’s diverse population features an average household income above $123,000 (1-mile). The existing center was built in 1977 and VAN NUYS BLVD has operated successfully for over 40 years, owing its success to its exceptional location and the area’s consistent customer base. VENTURA BLVD
INSANELY IMPRESSIVE REPORTED SALES IN THE IMMEDIATE AREA DEMONSTRATES THE NEED TO BE IN SHERMAN OAKS! MOORPARK ST ±$50M annually
±$2OM annually
±$50M annually
±$60M annually
*Projected & estimated sales numbers. Tenant to verify. 9 MIXED-USE CENTER WITH SYNERGISTIC CO-TENANCY Sherman Oaks Square features a careful selection of tenants chosen to provide a fresh and inviting ambiance combined with commercial synergy. The center is ideally suited to daily needs retailers, quick-serve restaurants, general retail, and fitness tenants. The mixed-use format of the center has proven itself successful as a benefit to both office and retail tenants, offering on-site workers and vendors easy access to amenities without the need to travel to a separate location. With high traffic in the local area, metro bus line access, and walkability, the on-site amenities are an extreme benefit to the center’s users.
A FINELY TUNED APPROACH TO RETAIL Sherman Oaks Square is meaningfully differentiated when compared to retail centers and traditional mall options in the local area. The storefront retail along Ventura Blvd is difficult to access, with limited parking and significant travel time from store to store. Traditional mall offerings can be cumbersome to access and lack a mixed-use office component. Sherman Oaks Square combines unbeatable convenience with superior access and is finely tuned to address the demands of the local customer.
BUILDING C 10 BUILDING C
• PRIME LOCATION: HIGHLY VISIBLE AND DIRECTLY IN THE PATH OF 35,000+ DAILY TRAFFIC ON VAN NUYS BOULEVARD AND 50,000+ DAILY TRAFFIC ON VENTURA BOULEVARD Property benefits from 330 feet of frontage on Van Nuys Boulevard at a signalized hard corner.
• INCREDIBLE DEMOGRAPHICS – 31,500+ POPULATION WITH $123,000+ AHHI IN 1-MILE RADIUS Ideally positioned to serve high-end markets near the Santa Monica Mountains and the greater San Fernando Valley
DEMOGRAPHICS 1-MILE 3-MILE 5-MILE 2020 EST. 31,535 187,602 537,191 POPULATION 2020 EST. 15,451 76,963 203,858 HOUSEHOLDS 2020 AVG. $123,091 $117,662 $102,769 HOUSEHOLD INCOME 11 THE NEIGHBORHOOD
VAN NUYS BLVD sherman oaks VENTURA BLVD toluca lake
THE CENTER OF SAN FERNANDO VALLEY studio city MULHOLLAND DR The San Fernando Valley of greater Los Angeles is home to just under 2 million residents, and Sherman Oaks is the center of Valley life, both geographically and culturally. Sherman Oaks provides its residents with an urban living style, boasting lots of green spaces amongst a wide array of boutiques, restaurants and shopping areas BEVERLY GLEN BLVD LAUREL tucked against the Santa Monica Mountains. The neighborhood CANYON BLVD evokes a feeling of “Old LA” from its broad boulevards and classic COLDWATER CANYON DR architecture, and has historically been home to many Hollywood BENEDICT CANYON DR celebrities. bel air Sherman Oaks has grown into a highly desirable neighborhood west of 70,000 residents and boasts high-end residences and one of hollywood the highest concentrations of top LA schools. As a mature area historically inhabited by those over the age of 40, there has been a growing contingent of young, high-earning families that appreciate the more affordable living options and less hectic lifestyle available in the San Fernando Valley as compared to the Los Angeles basin. 12 CONFIDENTIALITY & DISCLAIMER STATEMENT The information contained in this Leasing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from May Realty Advisors and Pegasus Asset Management and should not be made available to any other person or entity PARKING GARAGE without the written consent of May Realty Advisors and Pegasus Asset Management. (FROM SYLMAR AVENUE) This Leasing Package has been prepared to provide summary, unverified information to prospective tenants, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence 15206 Ventura Blvd.,Suite 302 1901 Avenue of the Stars, Suite 630 investigation. May Realty Advisors and Pegasus Asset Management has not made any Sherman Oaks, CA 91403 Los Angeles, CA 90067 investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the Phone: 818.528.3999 310.691.1350 property, the size and square footage of the property and improvements, the presence or Toll Free: 888.805.8188 pegasusam.com absence of contaminating substances, PCB’s or asbestos, the compliance with State and Fax: 818.905.7559 LIC # 01961545 (CA) Federal regulations, the physical condition of the improvements thereon, or the financial condition of the business prospects of any tenants, or any tenant’s plans or intentions to continue its occupancy of the subject property. MATTHEW MAY VERONIQUE COLLIN ANDREW COHEN EMMET PIERSON The information contained in this Leasing Package has been obtained from sources we PARKING GARAGE VIEW - AT PLANTING believe to be reliable; however, May Realty Advisors and Pegasus Asset Management has ENTITLEMENTFounder SUBMITTAL SHERMAN OAKS SQUAREVice PresidentAPRIL 3, 2019 of Leasing Vice President - Leasing Associate - Leasing Gensler 20 not verified, and will not verify, any of the information contained herein, nor has Pegasus and Investment Sales Asset Management conducted any investigation regarding these matters and makes no 818.477.0817 310.402.0211 310.883.8966 warranty or representation whatsoever regarding the accuracy or completeness of the [email protected] 818.943.5493 [email protected] [email protected] information provided. Some or all of the photographs contained within may have been LIC # 00912472 (CA) [email protected] LIC # 01996397 (CA) LIC # 02048600 (CA) altered from their original format. All potential buyers must take appropriate measures to LIC # 014445645 (CA) verify all of the information set forth herein. 13