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8543 Venice Blvd. Los Angeles, Ca 90034 OFFERING MEMORANDUM | $3,500,000 8543 VENICE BLVD. LOS ANGELES, CA 90034 OWNER-USER / HEADQUARTER LOCATION RETAIL | CREATIVE OFFICE SPACE This Memorandum (“Offering Memorandum”) has been prepared by 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 of errors, omissions, change of price, prior sale, or withdrawal from market without notice. This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. 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 no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum. This Memorandum is being delivered by Hudson Commercial Partners Inc. to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Hudson Commercial Partners, Inc. reserves the right to request the return of any or all of the information enclosed. TABLE OF CONTENTS SECTION ONE 04 EXECUTIVE PROFILE SECTION TWO 10 PROPERTY INFORMATION © 2018 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Hudson Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial 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 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 depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Hudson Commercial Partners, Inc. and the Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. KAISER PERMANENTE WEST LOS ANGELES MEDICAL CENTER - 0.5 MILES FROM SUBJECT PROPERTY SECTION 1 | EXECUTIVE OVERVIEW PROPERTY OVERVIEW Hudson Partners is pleased to present a rare opportunity to acquire an PROPERTY HIGHLIGHTS extensively renovated office building on the West Side of Los Angeles. • 90% SBA Financing The asset is located one parcel to the west of the northwest signalized • Property Delivered Vacant COE corner of Venice Blvd. and La Cienega Blvd., with close proximity to Kaiser • La Cienega - Signalized Corner Exposure Permanente Medical Center, located 0.7 miles away, as well as the Culver • 10 Foot Ceilings - Interior Remodeled City Metro light rail station, walking distance from subject property. • 3 Phase Power, 440 Volts, 600 Amp 8543 Venice Blvd. consists of a contemporary design with 10 feet high • Upgraded Lighting, Security, Internet System, Electrical ceilings, skylights, exposed concrete walls, brushed concrete floors, and • Ideal Headquarter Location LED lighting. The building has undergone a substantial upgrade to its • Tons of Natural Light/ New Fixtures infrastructure and is move-in ready for creative office use or company headquarters. Building features include a storefront retail entrance, elegant conference room, an expansive first floor reception / open workspace area, production studio, security system, upgraded bathrooms, kitchen, and a rear warehouse space with alley access and large roll-up door suitable for a variety of showroom, warehouse, or parking uses. 90% SBA Financing is available to an Owner-User. With a scarcity of similar creative office inventory on the West Side and the availability of high-leveraged financing, this property presents a unique opportunity for an owner-user or investor. 6 - HUDSON COMMERCIAL PARTNERS, INC. PROPERTY INFORMATION site description SITE description DESCRIPTION SPECIFICATION DESCRIPTION SPECIFICATION PRICE $3,500,000 CONSTRUCTION TYPE Concrete Block BUILDING SIZE 3,500 SF FOUNDATION Concrete Slab PRICE PER SF $1,000.00 CURRENT USE Creative Office PARCEL AREA 2,497 SF PRICE PER SF ON LAND $1,401.68 FIRE PROTECTION Fire Extinguisher APN 5065-011-019 HVAC Package Units TRAFFIC COUNT ±46,318 Vehicles Per Day RESTROOMS 2 Restrooms | Upstairs and Downstairs NUMBER OF FLOORS 2 POWER 600 Amp, 3 Phase power, 440 Volt FAR 0.70 ZONING C2-1VL-CPIO CEILING HEIGHT 10 Feet PARKING Street Parking LOT DIMENSIONS 25’ x 100’ YEAR BUILT 1946 STREET FRONTAGE 25’ on Venice Boulevard TENANCY Single or Multi-Tenant CROSS STREET La Cienega Boulevard HIGHWAY ACCESS 10 and 405 Freeways HUDSON COMMERCIAL PARTNERS, INC. - 7 8888 WASHINGTON BLVD. The development is called Culver Steps, because its centerpiece is a “grand architectural staircase that cascades down the side of the building, form- ing landscaped terraces and seating areas.” It will hold 75,000 square feet of offices above 40,000 square feet of retail and restaurant space, plus a 35,000-square-foot public plaza. 0.9 MILES FROM SUBJECT PROPERTY SECTION 2 | PROPERTY INFORMATION PLAT MAP 10 - HUDSON COMMERCIAL PARTNERS, INC. AERIAL OVERVIEW Alley 25’ 100’ VENICE BLVD SUBJECT PROPERTY 8543 VENICE BLVD., LOS ANGELES, CA 90034 HUDSON COMMERCIAL PARTNERS, INC. - 11 PROPERTY PHOTOS 12 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 13 PROPERTY PHOTOS 14 - HUDSON COMMERCIAL PARTNERS, INC. HUDSON COMMERCIAL PARTNERS, INC. - 15 PROPERTY PHOTOS 16 - HUDSON COMMERCIAL PARTNERS, INC. PROPERTY PHOTOS HUDSON COMMERCIAL PARTNERS, INC. - 17 LOCATION OVERVIEW rest of California were purchased as part of the Treaty of leads the world in the creation of television productions, Guadalupe Hidalgo, thereby becoming part of the United video games, and recorded music; it is also one of the States. Los Angeles was incorporated as a municipality leaders in motion picture production. Los Angeles hosted on April 4, 1850, five months before California achieved the Summer Olympic Games in 1932 and 1984, and is statehood. The city experienced rapid growth with the currently bidding for the 2024 Summer Olympics. discovery of oil. GEOGRAPHY The city is the focal point of the larger Los Angeles metropolitan area and the Greater Los Angeles Area The city is divided into over 80 districts and neighborhoods, CITY OF LOS ANGELES region, which contains 13 million. and over 18 million many of which were incorporated places or communities people, respectively, as of 2010, making it one of the that merged into the city. These neighborhoods were The City of Los Angeles and often known by its initials L.A., most populous metropolitan areas in the world as well developed piecemeal, and are well-defined enough that is the second-largest city in the United States after New York as the second-largest in the United States. Los Angeles the city has signage marking nearly all of them. City, the most populous city in the U.S. state of California, is the seat of Los Angeles County, the most populated and the county seat of Los Angeles County. county in the United States. The city’s inhabitants are More broadly, the city is divided into the following areas: referred to as Angelenos. Downtown Los Angeles, East Los Angeles and Northeast Situated in Southern California, Los Angeles is known Los Angeles, South Los Angeles, the Harbor Area, for its mediterranean climate, ethnic diversity, sprawling Nicknamed the City of Angels, Los Angeles is a global Greater Hollywood, Wilshire, the Westside, and the San metropolis, and as a major center of the American city with a diverse economy in entertainment, culture, Fernando and Crescenta Valleys. entertainment industry. Los Angeles lies in a large coastal media, fashion, science, sports, technology, education, basin surrounded on three sides by mountains reaching up medicine and research. It has been ranked sixth in the The city’s street pattern generally follows a grid plan, to and over 10,000 feet. Global Cities Index and 9th Global Economic Power with uniform block lengths and occasional roads that cut Index. The city is home to renowned institutions covering across blocks. However,
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