Culver Hotel, POPULATION GROWTH Amazon, Apple and Many More
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RARE SMALL RETAIL SPACE IN DOWNTOWN CULVER CITY 3816 Main Street CULVER CITY, CA 90232 Property Highlights 1-MILE DEMOGRAPHICS • Rare small space retail opportunity on Main St in downtown Culver City • Very strong demographics and great neighboring tenant including: Roccos FUTURE POPULATION Tavern, Drybar, Public School 310, Tentenyu Ramen, The Culver Hotel, POPULATION GROWTH Amazon, Apple and many more... • Half a block highly anticipated Culver Steps mixed-use development and The Culver Studios • Strong daytime office population and walkers paradise (97) 39,934 2.55% • Over 1MM square feet of creative office in less than a .5 mile radius • Daytime population of 60,000+ AVERAGE NUMBER OF HOUSEHOLD INCOME HOUSEHOLDS Available Size Asking Price NNNs $106,770 18,706 500 SF $5.75 PSF $2.25 PSF (Cover All Utilities) 2 | 635 Camino De Los Mares Amenities Map Offices: • The Culver Studios • Sony Pictures Studio Retail: • Hayden Tract • SoulPlay Yoga • Sony Pictures Animation • Drybar Culver City • The Culver Steps - (Completion scheduled for Spring, 2019) • ArcLight Cinemas • Ivy Station • Trader Joe’s • Apple Headquarters Culver City • PLATFORM Shopping mall Restaurant: • Citydog! Club • Tender Greens • LA Fitness • Akasha Other: • Burger Lounge • Southern California Hospital at • Honey’s Kettle Fried Chicken Culver City Culver City City Hall • Le Pain Quotidien Parking • Yalla Mediterranean • Cardiff Parking • Public School 310 • INCE Parking Structure 25 • Fifty One • Parking 9099 Washington Blvd. • Chipotle Mexican Grill • 3805 Canfield Ave Parking • UGO Italian • The Culver Hotel • City Tavern Culver City Schools • Cafe Vida • Linwood E. Howe Elementary School • In-N-Out Burger • Hamilton High School • Grand Casino Bakery & Café • Rocco’s Tavern • Citizen Public Market Farmers Market Tuesdays 2pm-7pm 4 | 635 Camino De Los Mares Surrounding Area Culver City, CA Culver City is a destination filled with outdoor cafes, unique shops and galleries opening onto pedestrian-friendly boulevards. Handsome landmark buildings, cutting-edge media facilities and creative work shops exist throughout. Culver City is also becoming a major food destination. Old restaurants are thriving again, and new ones pop up every day. Downtown Culver City is home to around twenty non- chain restaurants that offer everything from sushi to barbecue to Korean to organic fare. Downtown Culver is one of Los Angeles’ most talked about walking neighborhoods. While most known for its vast array of delicious local and global cuisine, it is also home to a burgeoning art scene and live music venues that consistently showcase the best bands throughout LA. 6 | 635 Camino De Los Mares A Unique Destination Culver City is quickly becoming a major hub for new media ventures, as Amazon recently announced plans to lease 280,000 square feet of space at the Culver Studios, which is just a few blocks from the Apple site. Culver city is a hip, modern, and progressive community that sits right between the beach and downtown Los Angeles. Culver City combines unique restaurants and entertainment with a rapidly expanding multimedia hub. Culver City is an ideal retail location on Los Angeles’ Westside, just minutes from LAX, Marina Del Rey, Santa Monica, and Downtown Los Angeles. Surrounded by nearly 295,000 households within a five mile radius, and a network of high-volume freeways (the 405 (San Diego) and the 10 (Santa Monica), Culver City offers great opportunity for businesses. A daytime population of 60,000 creates tremendous demand for retail and personal services in the City’s business districts. Culver City captures more than twice its share of Los Angeles County employment and 3x its share of sales tax revenues. Expanding Multimedia Hub Top Employers Culver city continues to be sought after by both people and businesses looking to call home. Culver City’s studios, officially nicknamed “The Heart of the Screenland” have produced hundreds of award winning films. While media is still king in Culver City and has a heavy presence, start-ups including Criteo, MeUndies, and Steelhouse all make their homes in town and more are likely to follow. Platform This luxury shopping complex has brought nearly 20 high-end eateries and shops to Culver City, with outposts of Blue Bottle Coffee and Van Leeuwen, as well as mindful- living staples like Sweetgreen and SoulCycle, and the meat-centric butcher/restaurant the Cannibal. The colorful complex sits just across the street from the Culver City Metro stop, making it both a convenient stop on the way to Santa Monica and a destination in its own right. Culver Hotel Culver City‘s historic Culver Hotel was once the part- time residence to Old Hollywood, from Clark Gable and Joan Crawford to Greta Garbo and Buster Keaton. Charlie Chaplin supposedly sold the hotel to John Wayne for a buck, while tales of apparitions surround the Neo-Renaissance– designed hotel. Locals and tourists alike can drop in for a nightcap at the hotel‘s lobby bar, while overnight guests can lie their heads at one of the 46 newly renovated rooms. 8 | 635 Camino De Los Mares New Developments Culver Steps Situated between The Culver Studios and The Culver Hotel, in the heart of downtown Culver City, The Culver Steps offers 40,000 square feet of curated retail, 75,000 square feet of creative office and two-levels of subterranean parking—plus a near-acre-sized public plaza. With grassy green spaces, landscaped terraces and plenty of outdoor seating, The Culver Steps is destined to become the city’s go-to-gathering spot—not just for shopping and dining, but for outdoor movies, concerts, farmers’ markets and more. Opening Fall 2019 Ivy Station Ivy Station, a landmark development for Culver City, is a live- work-play ecosystem with unparalleled access. At the forefront of the mixed-use transit-oriented future of Los Angeles, Ivy Station will amplify Culver City’s unique combination of neighborhood walkability and approachable lifestyle with a curated and forward-thinking sensibility. Ivy Station will be a gathering place for the greater community and a celebration of the new urban lifestyle. Opening Winter 2019 Citizen Public Market Citizen Public Market will be a neighborhood gathering place for food and citizenship. Our mission is to celebrate the creativity of Los Angeles-based chefs and entrepreneurs, to become an indispensable local eating destination, and to honor the history and modern sensibilities of the communities of Culver City and the surrounding West Side neighborhoods. Citizen Public Market will curate best-in-category food-and-drink offerings in a market-hall setting in the heart of Culver City. With the virtues of its intimate spaces, central location, and commitment to culinary excellence, Citizen will become a vibrant morning-to-midnight experience for eating, drinking and socializing. Citizen’s future success lies in its iconic popularity as a favored, first-choice destination for Culver City residents, workers, and visitors. Opening Early 2020 Apple Development Apple announced plans to boost its L.A. presence, saying it expects to have more than 1,000 employees in Culver City, Calif., over the next three years, including its growing entertainment team. The move is part of the tech giant’s broader initiative to create 20,000 jobs in the U.S. by 2023 and includes a new $1 billion facility in North Austin, Texas. Apple is expected to move its Worldwide Video group, led by Zack Van Amburg and Jamie Erlicht, to the new facility. Lincoln Property Co. is developing the four-story project, which will feature floor-to-ceiling windows on its upper levels. Apple also has other office space in Culver City. 10 | 635 Camino De Los Mares Opening Late 2019 RETAIL SPACE AVAILABLE 3816 Main Street CULVER CITY, CA 90232 CONFIDENTIALITY & DISCLAIMER STATEMENT This Leasing Package contains select information pertaining to the business and affairs of Property located at3816 Main St, Culver City, CA 90232 (“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 JOSH CORDRAY MICHAEL PAKRAVAN Associate - Leasing SVP & National Director - Leasing Direct (310) 919-5839 Direct (310) 919-5737 Mobile (818) 489-3212 Mobile (213) 219-3111 [email protected] [email protected] LIC# 02039302 (CA) LIC# 01706065 (CA).