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Mixed-Use Development Site MIXED-USE DEVELOPMENT SITE SUNSET& ±0.77 ACRES OF LAND GARDNER UP TO ±126 RESIDENTIAL UNITS & ±15,000 SF OF RETAIL NEC HOLLYWOOD, CA Utilizing TOC Tier 1 HOLLYWOOD & HIGHLAND Loews Hollywood THE FONDA TCL Chinese Theatre HOLLYWOOD Lucky Strike PANTAGES JINYA Ramen Bar THEATRE Hard Rock Cafe Cabo Wabo Cantina Dave & Buster’s CAPITAL Sephora RECORDS NBC UNIVERSAL HOLLYWOOD BOWL 101 RUNYON CANYON MAGIC CASTLE HOLLYWOOD & VINE W Hotel PARK Trader Joe’s WEWORK Delphine THE EGYPTIAN Katsuya THEATRE EL CAPITAN HOLLYWOOD THEATRE LIVE NATION HOLLYWOOD BOSSA NOVA BRAZILIAN CUISINE N. LA BREA AVE. SITE RALPHS N. GARDNER ST. AROMA SUNSET N. POINSETTIA PL. BAR & GRILL THE CARVING BOARD SUNSETGRANDMA’S BLVD. DELI BABUSHKA GUITAR URBAN RAMEN HOLLYWOOD BLVD. CENTER N. CURSON AVE. TOI ON SUNSET SAM ASH MUSIC STORE PURE BARRE EL COMPADRE MR MUSICHEAD GALLERY LIFEHOUSE TONICS + ELIXIRS ELECTRIC OWL JOHN KELLY THE RUBYLA CHOCOLATES ELDERBERRIES THREEFOLD CAFÉ THE PIKEY LAURIE LUSTIG-BOWERHARMONY GOLD KADIE PRESLEY WILSON Bids Due: Friday, November 15, 2019 by 5:00PM Vice President Executive Vice President FEDEX www.Sunset-Gardner.com Lic. 00979360 Lic. 01476551 +1 310 550 2556 +1 310 550 2575 [email protected] [email protected] WESTERN EXPOSURE PACIFIC OCEAN MALIBU SANTA CENTURY CITY THE LONDON WEST MONICA HOLLYWOOD BEVERLY HILLS 8000 SUNSET STRIP Trader Joe’s SOHO HOUSE WEHO Wokcano Crunch MONDRIAN THE VIPER ROOM CB2 AMC Theater CVS WEST CHATEAU MARMONT HOLLYWOOD THE STANDARD LAUREL CANYON N. FAIRFAX AVE. THE GRIDDLE CAFE THE COFFEE BEAN & WHOLE RITE AID PHARMACY FOODS TEA LEAF BRISTOL FARMS ENIGMA COFFEE HOLLYWOOD N. STANLEY AVE. SANTA MONICA BLVD. ELDERBERRIES THREEFOLD CAFE THE PIKEY JOHN KELLY CHOCOLATES THE RUBY LA PURE BARRE N. GARDNER ST. ELECTRIC OWL LIFEHOUSE TONICS + ELIXIRS MR. MUSICHEAD GALLERY TOI ON SUNSET N. VISTA ST. EL COMPADRE GARDNER STREET ELEMENTARY SCHOOL SAM ASH MUSIC STORES SITE FOUNTAIN AVE. URBAN RAMEN AROMA SUNSET BAR & CAFE THE CUTTING BOARD N. FULLER AVE. GRANDMA’S DELI BABUSHKA SUNSET BLVD. Table Of Contents 1 EXECUTIVE SUMMARY 2 PROPERTY DESCRIPTION 3 RENT & SALE COMPARABLES SITE 4 AREA OVERVIEW LAURIE LUSTIG-BOWER Executive Vice President Lic. 00979360 +1 310 550 2556 [email protected] KADIE PRESLEY WILSON Vice President Lic. 01476551 +1 310 550 2575 [email protected] SUNSET& NEC GARDNER HOLLYWOOD, CA Executive Summary 01 4 EXECUTIVE SUMMARY CBRE, Inc. as exclusive advisor is pleased to present for Key area employers include Kaiser Permanente LA Medical sale the NEC of Sunset & Gardner in Hollywood, a TOC Center (±6,000 employees), Children’s Hospital Los Tier 1 development opportunity to build approximately Angeles (±5,000 employees), Paramount Pictures (±3,000 126 residential units and ±15,000 square feet of retail, employees), and CBS Television City (±3,000 employees). including 10 affordable units. Hollywood’s outstanding central location is also minutes away from key employment centers including Downtown Located at 7441-7449 W. Sunset Boulevard and 1502- Los Angeles, West Hollywood, Wilshire Boulevard’s Miracle 1512 N. Gardner Street, the site is comprised of ±33,600 Mile, Beverly Hills, and Century City. square feet of land and boasts an excellent Walkscore of 95 out of 100, “a walker’s paradise”. It is in close Area shopping and entertainment attractions include proximity to an abundance of shopping, employment, Hollywood & Highland, the world famous Sunset Strip, the restaurant, destination nightlife and entertainment boutique shops along Melrose Avenue, Sunset Plaza and options. The Grove at 3rd & Fairfax. The current improvements include five buildings and a Sunset & Gardner is offered to the market on an unpriced surface parking lot. The buildings are ±37% occupied basis. with four tenants and an income producing billboard that generate an annual gross income of over $120,000. Offers are due Friday, November 15, 2019 by 5:00 pm. All tenants and the billboard are on month-to-month leases. The leases can be reviewed in the data room For more information, visit www.Sunset-Gardner.com. website at www.Sunset-Gardner.com. Existing Improvements The site is zoned C4-1D and was previously entitled for a ±37,000 square foot podium building, which would have contained grocer/retail/café uses. The “D” limitation in the zoning code is a 1:1 FAR, however if a developer utilizes the TOC benefits, then the FAR can be increased to 2.75:1. 5 AMENITIES Within 1 mile of Sunset & Gardner SITE © 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:L04 MapId:6694477 © 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. 6 Layout ID:L04 MapId:6694477 © 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:L04 MapId:6694477 © 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:L04 MapId:6694477 © 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.
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