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8720 Melrose Avenue A GENERATIONAL OFFERING MEMORANDUM RETAIL SITE 8720 MELROSE AVENUE SITUATED IN ONE OF THE MOST PRESTIGIOUS MARKETS IN LOS ANGELES, CA This Memorandum (“Offering Memorandum”) has been prepared by TABLE OF CONTENTS Hudson Commercial Partners, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction EXECUTIVE of errors, omissions, change of price, prior sale, or withdrawal from 1 OVER VIEW 04 market without notice. PROPERTY This Memorandum is being delivered to a limited number of parties 2 who may be interested in and capable of purchasing the Property. INFORMATION 18 By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Commercial Partners, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property. This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been © 2019 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Hudson no change in the business or affairs of the Property or the Owner since Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial the date of preparation of this Memorandum. Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or This Memorandum is being delivered by Hudson Commercial estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you Partners Inc. to prospective purchasers with the understanding depends on tax and other factors, which should be evaluated by your tax, that all prospective purchasers will conduct their own independent financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction investigation of those matters, which they deem appropriate in order the suitability of the property for your needs. to evaluate this offering. Additional information and an opportunity The Hudson Commercial Partners, Inc. logo are service marks of Hudson to inspect the site will be made available to interested and qualified Commercial Partners, Inc. and/or its affiliated or related companies in prospective purchasers. Hudson Commercial Partners, Inc. reserves the United States and other countries. All other marks displayed on this document are the property of their respective owners. the right to request the return of any or all of the information enclosed. PACIFIC DESIGN CENTER Across The Street From Subject Property 3 AERIAL 1 AMENITIES EXECUTIVE OVERVIEW SAN VICENTE BLVD 8720 MELROSE AVE WEST HOLLYWOOD, CA 90069 LA CIENEGA BLVD 8 7 6 4 MELROSE AVE 1 9 SAN VICENTE BLVD 5 3 MELROSE AVE 2 1 - CATCH 4 - RESTORATION HARDWARE 7 - VINCE 2 - PACIFIC DESIGN CENTER 5 - URTH CAFE 8 - LULULEMON ATHLETICA LA CIENEGA BLVD 3 - ALL SAINTS 6 - NIKE 9 - RAG & BONE AERIAL DOHENY DR DOHENY AMENITIES 3 7 8720 MELROSE AVE 8 WEST HOLLYWOOD, CA 90069 MELROSE AVE 4 MELROSE AVE 9 10 5 1 ALMONT DR SAN VICENTE BLVD SANTA MONICA BLVD 2 ROBERTSON BLVD 1 - CATCH 2 - WEHO PUBLIC LIBRARY 5 - SUR RESTAURANT 8 - CRAIGS 3 - CECCONI’S 6 - CHRISTIAN LOUBOUTIN 9 - MAXFIELD 6 4 - CHROM HEARTS 7 - JOHN VARVADOS 10 - GRACIAS MADRE 652 N. La Peer Drive - Robertson Lane Development Located at 652 N. La Peer Drive, the proposed development calls for the construction of a mid-rise building surround- ing the iconic gay club. A full buildout would create 241 guest rooms, an event center, a nightclub, a 750-car garage, and street-fronting retail and restaurant uses. The project, which is being designed by Hodgetts + Fung, received unanimous approval from the West Hollywood Planning Commission earlier this week. The site plan is oriented around a new mid-block pedestrian paseo, which cuts diagonally across the site, and terminates at the newly refurbished West Hollywood Park. 0.3 Miles from Subject Property EXECUTIVE SUMMARY DESCRIPTION SPECS H IGHLIGHTS 8720 MELROSE AVE., WEST HOLLYWOOD, CA 90069 Occupancy Vacant Hudson Partners Inc is pleased to present the opportunity to acquire 8720 Melrose avenue , a once-in-a-generation retail site in one of the most prestigious markets in West Hollywood, CA Average PSF Rent $9.00 - $11.00 Strategically situated where West Hollywood and Beverly Hills meet, south of Santa Monica UNDISCLOSED 7,599 SF Boulevard and located at the ever-evolving Melrose Avenue, 8720 is truly exceptional in Lease Type Triple Net its design. An area of upscale residences, luxury office buildings, as well as world-famous LISTING PRICE BUILDING SQUARE FOOTAGE marquee merchants surround the building on Melrose Ave. The area is further enhanced by its proximity to the hubs found in the Art and Design District. Beloved spots such as Cecconi’s, Year Built 2002 Catch Restaurant, Craigs, and The Abbey are within walking distance, as is the Pacific Design Center. The building is a single story 7,599 square feet in total on 16,616 square feet of land Zoning WDC1A with 147 feet of frontage on Melrose Avenue. 4336-006-042 UNDISCLOSED This architectural gem is now a refined and redefined structure that will prove to be an asset APN PRICE PER SF 12’ to 18’ varies in Ceiling Height different spaces as a workspace and as part of the neighborhood. The interior space features spectacular high ceilings and high-end finished. The exterior upscale finish continues from outside to throughout the front entrance. With an outdoor courtyard dramatic high ceiling, and top of HVAC 6 the line finishes; 8720 Melrose defines the ultra-high-end retail space. Furthermore, the architecture and design of the subject building stands out in a market crowded with brand- 160’ ON MELROSE 16,616 SF 2 Stories / 25 Feet Height Limit conscious tenants paying premium rates for the areas location and address. (with variances of 30 feet) STREET FRONTAGE PARCEL AREA West Hollywood (WeHo to those who love it and live it) has always had character. From Development FAR 1.0 colorful people enjoying a stroll to long standing businesses and hotspots that defined a community, this part of town was never one to play the wallflower or be anything generic. the Foundation Concrete place many refer to as an “urban village” will be coming into its own with additions that are sure to secure its vibrant, unique style and stellar track record of profitability 0.42 UNDISCLOSED BUILDING FAR PRICE PER SF Roof Rolled Composition Neighboring tenants include Pacific Design Center, John Varvatos, Christian Laboutin, Maxfield, Helmut Lang, Rag + Bone, Acne Studio’s, Cecconis, Catch, Gracias Madre, Urth Caffe, Alice + Olivia, Restoration Hardware Flagship Store , Alberta Ferretti, Robertson Lane Parking 18 Spaces project and Melrose Triangle project. L’Eclaireur on Robertson (near Louboutin) this brand was created around in the 80’ in the Champs Elysees in Paris by Mr Hadida wellknow designer , the ±23,000 160’ x 105.25’ Type of Ownership Fee Simple Robertson store has been open by its daugther who recently moved to the US. VEHICLES PER DAY LOT DIMENSIONS 10 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 11 EXTERIOR COURTYARD 12 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 13 INTERIOR SHOWROOM 14 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 15 INTERIOR OFFICE CONFERENCE ROOM 16 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 17 2 PROPERTY INFORMATION 18 - BROOKFIELD PARTNERS, INC. 18 - BROOKFIELD PARTNERS, PLAT MAP AERIAL MELROSE AVE SUBJECT PROPERTY 8720 MELROSE AVE., WEST HOLLYWOOD, CA 90069 20 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 21 SHOWROOM PLAN 22 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 23 8720 MELROSE AVE WEST HOLLYWOOD, CA 90069 8720 MELROSE AVE WEST HOLLYWOOD, CA 90069 24 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 25 AREA O VERVIEW Just a stone’s throw away from the subject site, a new development Originally, the site was a real factory that manufactured motion the Pacific Design Center). West of LaPeer and stretching to Doheny will be making a splash with a high profile project that will reinvigorate picture cameras. Later, it was converted into a nightclub space in 1967. will be the Melrose Triangle Project, featuring four stories of glass the local area. Faring Capital’s new project, Robertson Lane, will Its most recent incarnation was Studio One, which has housed numerous panels that will glow at night, ushering people from Beverly Hills into promote cross-pollination of pedestrian traffic from Robertson successful venues, and became a cultural emblem in the hearts of West Hollywood. (Cohen is also negotiating on the other end to turn Boulevard to the local surroundings. Starting at Pacific Design locals. Robertson Lane will go a long way in unifying the separate hubs an MTA bus depot adjacent to the PDC into a shopping plaza.) H+F Center in the east, on through West Hollywood Park, to the bustle of of WeHo – the Sunset Strip, Melrose Place, and Robertson Boulevard.
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