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1032Nhighland HIGHLAND CREATIVE 1032N HIGHLAND ARCHITECTURAL INVESTMENT OPPORTUNITY [AVENUE] BOW-TRUSS BUILDING FOR SALE DANIEL CHIPRUT STEVEN SALAS EXECUTIVE VICE PRESIDENT SENIOR MANAGING DIRECTOR COMMERCIAL ASSET GROUP NEWMARK KNIGHT FRANK 310.800.7955 | [email protected] 310.407.6569 | [email protected] CA RE Lic. #01808709 CA RE Lic. #01232955 PRICE: YEAR BUILT: EXECUTIVE SUMMARY $7,600,000 1921/Fully Renovated 2017 Newmark Knight Frank is pleased to present an opportunity to purchase BUILDING SIZE: PARKING: 1032 N Highland Avenue, a beautiful architecturally significant bow-truss Approx 10,000 SF Seven (7) FREE reserved parking spaces commercial building situated along N Highland Avenue in The New Gallery (Parking spaces expire 7/31/2029) District. Approximately 10,000-square feet, made up of ground-floor and LAND SIZE: mezzanine space. The building was fully renovated in 2017 using only the Approx 8,250 SF AVAILABILITY: most exclusive high design finishes and fixtures. The property sits on 8,250 Immediately square-feet of land and provides 7 dedicated private parking spaces. NUMBER OF FLOORS: One (1) + Mezzanine APN NUMBER: 5532-027-009 The property will be delivered 100% vacant offering an invaluable ZONING: opportunity for an owner/user purchase. Alternatively the property can be MR1-1-SN WALK SCORE: utilized for numerous business opportunities and converted into a NNN 92 (Walker’s Paradise) investment property. 1032 N Highland Avenue is at the center of the Hollywood Media District nestled between an array of fashionable retailers, galleries, studios, distinguished restaurants, and specialty shops. The property is situated between various avant-garde galleries such as Various Small Fires (812 N. Highland Avenue), Hannah Hoffman (1010 N. Highland Avenue), Gavlak Gallery (1034 N Highland Avenue), Kohn Gallery (1227 N. Highland Avenue), Regen Projects (6750 Santa Monica Boulevard)… just to name a few. 1032 N Highland Avenue, is a rare and unique asset for any owner/user or an investor looking to expand their portfolio and invest in a stable long- term hold property. PROPERTY HIGHLIGHTS § Highly desirable Retail-Office location on Venice Boulevard, Mar Vista’s up and coming retail corridor § Fully renovated with high design improvements § Architectural Bow-truss building § Approximately 20’ foot ceilings in most areas § Other famous tenants in the immediate area such as Ralph Pucci, Regen Projects and James Perse § Numerous walkable amenities § Walk Score: 92 (Walker’s Paradise) § High Average Daily Traffic Volume at 38,625 vehicles per day on N Highland Avenue 03 1032 N HIGHLAND AVE AREA NEIGHBORS 1032 Ralph N HIGHLAND AVENUE JF Regen Pucci* Chen* Projects* LA Apparatus* PARKING Dogworks* Seven (7) reserved spaces; expire 7/31/2029 Levels Audio* * Live links 04 1032 N HIGHLAND AVE PROPERTY IMAGES 05 1032 N HIGHLAND AVE FLOORPLAN 06 1032 N HIGHLAND AVE AREA ATTRACTIONS Hollywood Hollywood & Highland Center Paramount Pictures Studios TCL Chinese Theatre Hollywood is in the central region of Los Angeles, The Hollywood & Highland Center is a shopping mall Paramount has always been an industry leader and One of Hollywood’s most iconic and memorable California. This ethnically diverse, densely and entertainment complex at Hollywood Boulevard home to countless famous television and motion sites, the TCL Chinese Theatre (originally populated neighborhood is notable as the home and Highland Avenue in the Hollywood district in picture productions. The company’s headquarters Grauman’s Chinese Theatre) opened in 1927 and of the U.S. film industry, including several of its Los Angeles. The 387,000 square foot center also and studios are located in 5555 Melrose Avenue, represents the excess of Hollywood’s Golden Age. historic studios, and its name has come to be includes TCL Chinese Theatre (formerly Grauman’s Hollywood, California. It is the fifth oldest surviving It has since been home to many premieres, as a shorthand reference for the industry and the Chinese Theatre, and Mann’s Chinese Theatre) and film studio in the world, the second oldest in the well as birthday parties, corporate junkets, and people in it. Hollywood was a small community the Dolby Theatre (formerly known as the Kodak United States, and the sole member of the “Big three Academy Awards ceremonies. In 2013, the in 1870 and was incorporated as a municipality Theatre), home to the Academy Awards. The historic Six” film studios still located in the Los Angeles Chinese Theatre partnered with IMAX Corporation in 1903. It was consolidated with the city of Los site was once the home of the famed Hollywood neighborhood of Hollywood. to convert the house into a custom-designed Angeles in 1910, and soon thereafter a prominent Hotel. Located in the heart of Hollywood, along the IMAX theater. The newly renovated theater seats film industry emerged, eventually becoming the Hollywood Walk of Fame, it is among the most visited 932 people and features one of the largest movie most recognizable film industry in the world. tourist destinations in Los Angeles. The complex sits screens in North America. just across Hollywood Boulevard from the El Capitan Theatre and offers views o f the Hollywood Hills and Hollywood Sign to the north, Santa Monica Mountains to the west and downtown Los Angeles to the east. 07 1032 N HIGHLAND AVE AREA AMENITIES SUNSET BLVD FOUNTAIN AVE 1032N HIGHLAND N HIGHLANDAVE [AVENUE] SANTA MONICA BLVD CAHUENGA BLVD WILLOUGHBY AVE SEWARD ST NEW GALLERY DISTRICT N LA BREA AVE MELROSE AVE MELROSE AVE 08 1032 N HIGHLAND AVE NEIGHBORING TENANTS REGEN PROJECTS WANDERLUST JAMES PERSE KOHN GALLERY SALT’S CURE RALPH PUCCI TREJO’S COFFEE & DONUTS JF CHEN 09 1032 N HIGHLAND AVE DANIEL CHIPRUT | EXECUTIVE VICE PRESIDENT STEVEN SALAS | SENIOR MANAGING DIRECTOR COMMERCIAL ASSET GROUP NEWMARK KNIGHT FRANK 1032 310.800.7955 | [email protected] 310.407.6569 | [email protected] NHIGHLAND CA RE Lic. #01808709 CA RE Lic. #01232955 [AVENUE] Newmark Knight Frank | 1875 Century Park East, Suite 1380 | Los Angeles, CA 90067 | Corporate CA RE Lic. #01355491 Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal..
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