1621 Wilshire Blvd Santa Monica, CA
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2ND GENERATION RESTAURANT SPACE AVAILABLE 1621 Wilshire Blvd Santa Monica, CA AVAILABLE ™ SITE PLAN NAP SUITE TENANT 1617 Wilshire Blvd Lease Pending WILSHIRE B LVD 1621 Wilshire Blvd AVAILABLE 2,509 SF $5.25 + NNN ~ $.80psf 1625 Wilshire Blvd Moradi Studio AVAILABLE PROPERTY HIGHLIGHTS • Rare 2nd generation restaurant space on Wilshire Blvd • Great frontage and visibility on very high trafficked street • Nice signage opportunity facing Wilshire Blvd • Strong demographics and property surrounded by very dense residential • Shared on-site parking behind the building 1-MILE DEMOGRAPHICS AVAILABLE FUTURE POPULATION POPULATION GROWTH 41,877 1.78% AVERAGE NUMBER OF HOUSEHOLD INCOME HOUSEHOLDS $115,151 21,666 Matthews I 3 SURROUNDING AREA SANTA MONICA PIER ±2 Miles from HUCKLEBERRY CAFE Subject Property 1014 Wilshire Blvd THIRD STREET PROMENADE BELCAMPO RESTAURANT & ±1 Mile from BUTCHER SHOP EL CHOLO Subject Property 1026 Wilshire Blvd 1025 Wilshire Blvd JP'S SPORTS BAR & GRILL UCLA MEDICAL CENTER - SANTA MONICA MELISSE RESTAURANT 1101 Wilshire Blvd 1104 Wilshire Blvd ±0.3 Miles from Subject Property LA MONARCA BAKERY RUSTIC CANYON 1300 Wilshire Blvd 1119 Wilshire Blvd IZZY’S DELI 1433 Wilshire Blvd ESTATE RESTAURANT + BAR 1519 Wilshire Blvd WILSHIRE BLVD ±32,000 ADT SUBJECT PROPERTY 4 I For Lease SANTA MONICA, CA Santa Monica is a coastal city west of downtown Los Angeles. Santa Monica Beach is fringed by Palisades Park, with views over the Pacific Ocean. Santa Monica became a famed resort town by the early 20th century. The city has experienced a boom since the late 1980s through the revitalization of its downtown core, significant job growth and increased tourism. 74% of Visitors eat at restaurants spending $341MM per year on food and $169mm on beverages. In total, visitors spend $1.87 Billion annually significantly contributing to the local and statewide economy. In addition to visitors, there are 129 companies based in Santa Monica bringing thousands of working professionals to the area every day. DEMOGRAPHICS POPULATION 1 Mile 3 Mile 5 Mile 2023 Projection 42,622 214,676 465,058 2018 Estimate 41,877 209,662 453,828 2010 Census 40,400 195,353 420,147 Growth 2018 - 2023 1.78% 2.39% 2.47% HOUSEHOLDS 1 Mile 3 Mile 5 Mile 2023 Projection 21,994 105,054 215,515 2018 Estimate 21,666 102,874 210,650 2010 Census 21,197 97,408 197,334 Growth 2018 - 2023 1.51% 2.12% 2.31% INCOME 1 Mile 3 Mile 5 Mile 2018 Est. Average $115,151 $124,470 $122,038 Household Income Matthews I 5 8.4 MILLION $1.87 BILLION 5.5 MILLION Visitors Per Year in Santa Monica Annual Visitor Spending Santa Monica Pier Annual Foot Traffic SANTA MONICA PIER The Santa Monica Pier is located right on the beach in the well-known Ocean Avenue neighborhood, which offers a variety of accommodations in close proximity to the Pier, as well as other activities and attractions offered along Ocean Avenue and Downtown Santa Monica. The Santa Monica Pier was the first concrete pier on the U.S. West Coast. This iconic spot is host to a variety of restaurants, retail establishments as well the “Pacific Park”, a family amusement park with a one-of-a-kind solar paneled Ferris wheel. With an iconic entrance, the pier is popular with residents and visitors as a landmark that is over 100 years old. 6 I For Lease WEST LOS ANGELES The West Los Angeles community consists of several communities with diverse people involved in business, charity, civic, clergy, consulate, cultural, educational, entertainment, medical, political, recreational and residential activities. The area has churches, a civic center, the 5th, 10th, and 11th City Council Districts, federal buildings, foreign consulates, hospitals, motion picture studios, major shopping malls, a National Guard Armory, parks, public and private country clubs and golf courses, schools and universities, synagogues, television companies, temples, theaters, and water reservoirs. Several of the Westside’s unique locations, Bel-Air, Century City, the J. Paul Getty Museum, the Museum of Tolerance, the Skirball Jewish Center, three miles of the Pacific Ocean coastline, 20th Century Fox Studios, the UCLA and Westwood Village are nationally renowned sites that attract numerous visitors. The West Los Angeles community is comprised of a diverse residential population that exceeds 228,000 people. Throughout the day, the business and residential population swells to approximately a half million people. The increase is due to those who either pursue knowledge and skills training at educational and professional institutes, including the University of California at Los Angeles (UCLA) and those who work or visit the neighborhoods of West Los Angeles. The West LA area, or “Westside” is bordered by the cities of Beverly Hills, Culver City, and Santa Monica, Los Angeles County and the Pacific Ocean. BRENTWOOD Brentwood is a quiet, upscale neighborhood on the Westside. Tree-lined streets with well-tended homes in a range of architectural styles stretch up into the hills. The main artery, San Vicente Boulevard, features classy Italian eateries and warm cafes, plus the historic Brentwood County Mart, a family-friendly retail hub. The striking Getty Center museum boasts a world-class art collection and expansive city views. Matthews I 7 2ND GENERATION RESTAURANT SPACE AVAILABLE 1621 Wilshire Blvd Santa Monica, CA CONFIDENTIALITY & DISCLAIMER STATEMENT This Leasing Package contains select information pertaining to the business and affairs of1621 Wilshire Blvd, Santa Monica, 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) 8 I For Lease.