2ND GENERATION RESTAURANT OPPORTUNITY
Laurel12050 Ventura PromenadeBlvd | Studio City, CA
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JOIN NATIONAL TENANTS SECOND GENERATION RESTAURANT OPPORTUNITY
Exclusive Leasing Agents MICHAEL PAKRAVAN JOSH CORDRAY SVP & National Director, Retail Leasing Leasing Associate [email protected] [email protected] DIR (310) 919-5737 DIR (310) 919-5839 LIC # 01706065 (CA) LIC # 02039302 (CA) FIRST FLOOR SECOND FLOOR
FIRST REPUBLICBANK
TENDER GREENS COMERICA BANK VACANT
SPRINT
SUNSET TAN DR BERKLEY’S COFFEE BEAN FIRST REPUBLIC YOGURTLAND IN LEASES MED SPA OUTLOOK
OPTICAL UNIVERSAL
APPLIANCE LAUREL POINT BANK TOTAL WOMAN
SUITE TENANT SUITE TENANT A-105 Comerica A-201 Tender Greens A-107 Sprint A-202 Vacant Restaurant Space B-102 Sunset Tan B-201 Total Woman Gym + Spa B-105 Universal Appliance and Kitchen B-203 First Republic Bank B-106 Dr Berkley’s Med Spa B-205 Laurel Point B-107 Allen Edwards Spa (in leases with new tenant) C-103 Dan Deutsch Optical Outlook C-104 Coffee Bean C-105 Yogurtland Matthews I 3 PROPERTY HIGHLIGHTS • Trophy 2nd generation restaurant opportunity
• Join national tenants: Tender Greens, Coffee Bean, Laurel Point, Yogurtland, First Republic Bank, Comerrica, Total Women Gym + Spa, Sprint and more…
• Great signage opportunities facing Ventura Blvd & Laurel Canyon
• Very high trafficked intersectionwith ±90,000 ADT
• Great demographics with an average household income of over $158,400 and population of 21,700 within a one-mile radius
• CUP allows for full liquor
SIZE RENT/SF 1-MILE DEMOGRAPHICS 2,869 Sq Ft $4.00 + $2.25 NNN AVERAGE NUMBER OF POPULATION HOUSEHOLD INCOME HOUSEHOLDS
21,700 $158,474 10,544
4 I For Lease Matthews I 5 6 I For Lease STUDIO CITY, CA Studio City is located in the city of Los Angeles, California, in the San Fernando Valley. Just over the hill from the Hollywood bustle, Studio City is a quaint neighborhood with tree-lined residential streets and trendy dining. Lively Ventura Boulevard offers several classic sushi houses, plus small-plates spots and stylish gastropubs. Locals hit Wilacre Park for woodsy hiking trails with panoramic Valley views. The CBS Studio Center dates back to silent film era and gives the neighborhood its name.
Studio City is known for its thriving local community with a small town feel. Favorite annual Studio City events are the Fourth of July Fireworks Festival, held on the CBS Studio Center lot and put on by the Studio City Chamber of Commerce and the Studio, the weekly Farmers Market, one of the premier markets in Los Angeles, the Winter Family Festival, and the Luminaria Festival.
DEMOGRAPHICS
POPULATION 1 Mile 3 Mile 5 Mile 2022 Projection 21,919 195,620 603,624 2018 Estimate 21,700 193,182 595,413 2010 Census 20,406 181,243 564,324 Growth 2017 - 2022 1.01% 1.26% 1.38%
HOUSEHOLDS 1 Mile 3 Mile 5 Mile 2022 Projection 10,922 94,204 276,512 2017 Estimate 10,544 90,632 265,530 2010 Census 9,686 83,209 245,922 Growth 2017 - 2022 3.59% 3.94% 4.14% INCOME 1 Mile 3 Mile 5 Mile 2018 Est. Average $158,474 $125,430 $113,263 Household Income
Matthews I 7 STUDIO CITY FARMERS MARKET
The Studio City Farmers Market, located across the street from Laurel Promenade, was created to provide easy access to locally grown produce and artisan foods. Vendors range from fresh seafood and grass fed beef to breads, honey, and olive oils. The Market has grown to be more than just a place to shop, but a place where family and friends meet to enjoy their Sunday afternoons.
LOCATED BETWEEN TAKES PLACE VENDORS LAUREL CANYON & RADFORD AVE EVERY SUNDAY FROM 8AM - 2PM 85+ VENDORS
8 I For Lease ™
2ND GENERATION RESTAURANT OPPORTUNITY
Laurel12050 Ventura PromenadeBlvd | Studio City, CA
CONFIDENTIALITY & DISCLAIMER STATEMENT
This Leasing Package contains select information pertaining to the business and affairs of Property located at12050 Ventura Blvd, Studio City, 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
MICHAEL PAKRAVAN JOSH CORDRAY SVP & National Director, Retail Leasing Leasing Associate [email protected] [email protected] DIR (310) 919-5737 DIR (310) 919-5839 LIC # 01706065 (CA) LIC # 02039302 (CA)
Matthews I 9