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Hollywood,Ca Prime Redevelopment Opportunity in the Heart of Hollywood

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Hollywood,Ca Prime Redevelopment Opportunity in the Heart of Hollywood 1122 VINE STREET hollywood,ca prime redevelopment opportunity in the heart of hollywood ADAM TISCHER Senior Vice President License No. 01766213 [email protected] MICK MOODY Associate License No. 01972547 [email protected] MARK TARCZYNSKI Executive Vice President License No. 01020868 [email protected] CONFIDENTIALITY AGREEMENT Colliers International Greater Los Angeles, Inc., a Delaware Corporation, dba Colliers Registered Potential Purchaser shall not make any Informational Materials available to, or disclose International (COLLIERS) has been retained by GSA Group, LLC, (Owner) on an exclusive any of the contents thereof, or discuss any transaction involving the Property with any person other basis to act as agent with respect to the potential sale of approximately 20,156 square foot than the Registered Potential Purchaser, unless COLLIERS and Owner have approved, in writing, such building sitting on 42,505 square feet of land located in the County of Los Angeles, California disclosure provided, however, that the Informational Materials may be disclosed to the Registered at 1122 Vine Street aka 6226 Banner Avenue, in the city of Los Angeles, California and as Potential Purchaser’s partners, employees, legal counsel and institutional lenders (Related Parties) described herein with all improvements now or hereafter made on or to the real property who, in the Registered Potential Purchaser’s judgment, need to know such information for the (collectively, the “Property”). Owner has directed that all inquiries and communications with purpose of evaluating the potential purchase of the Property or any interest therein by the Registered respect to the contemplated sale of the Property be directed to COLLIERS. Potential Purchaser. COLLIERS has available for review certain information concerning the Property which may The Registered Potential Purchaser and such Related Parties shall be informed by COLLIERS of the include brochures, operating statements, financial information and other materials (collectively confidential nature of the Informational Materials and must agree to keep all Information Materials Informational Materials). COLLIERS will not make such Informational Material available to a strictly confidential in accordance to the agreement. The Registered Potential Purchaser understands potential Purchaser until the potential Purchaser has executed a Confidentiality Agreement and acknowledges that COLLIERS and the Owner do not make any representation or warranty as and, thereby, becomes a Registered Potential Purchaser and agrees to be bound by its terms. to the accuracy or completeness of the Informational Materials and that the information used in the Upon receipt of this Offering Memorandum, you further agree to be bound by the terms set preparation of the Informational Materials was furnished to COLLIERS by others and has not been forth herein. COLLIERS is prepared to provide the Informational Materials for the reader of independently verified by COLLIERS or Owner and is not guaranteed as to completeness of accuracy. this Offering Memorandum, or Registered Potential Purchaser’s consideration in connection The potential Purchaser agrees that neither COLLIERS nor the Owner shall have any liability, for with the possible purchase of the Property subject to the following conditions: any reason, to the Registered Potential Purchaser or Related Parties resulting from the use of the Informational Materials. All Informational Materials relating to the Property, which may be furnished to the Registered Potential Purchaser by Owner or COLLIERS shall continue to be the property of the Owner The Registered Potential Purchaser hereby indemnifies and saves harmless COLLIERS and the Owner and COLLIERS. The Informational Materials will be used by the Registered Potential Purchaser and their respective affiliates and successors, and assigns against and from any loss, liability or and may not be copied or duplicated without COLLIERS’s and Owner’s written consent and expense, including attorney’s fees, arising out of any (1) breach of any of the terms of the Agreement must be returned to COLLIERS or Owner immediately upon COLLIERS’s request or when the by the Registered Potential Purchaser or any Related Party, and (2) claim or claims by Registered Registered Potential Purchaser declines to make an offer for the Property or terminates any Potential Purchaser or any of their representatives for commissions, fees and other compensation for discussion or negotiations with respect to the Property. the sale or proposed sale of the Property to the Registered potential Purchaser. Registered Potential Purchaser will be responsible for any and all commissions, fees and other compensation to be paid to the Registered Potential Purchaser’s Broker. 1122 VINE STREET hollywood,ca SECTION 1 EXECUTIVE SUMMARY 4 SECTION 2 PROPERTY DESCRIPTION 6 SECTION 3 DEVELOPMENT OPPORTUNITY 12 SECTION 4 HOLLYWOOD MARKET OVERVIEW 18 EXECUTIVE SUMMARY SECTION 1 THE OFFERING PROPERTY TOURS Colliers International has been exclusively retained to market 1122 Vine Street Prospective purchasers are required to contact Colliers to arrange a specific located in the heart of the entertainment capital, Hollywood, CA. In this offering time to tour 1122 Vine Street. The registered potential purchaser acknowledges we will present a unique opportunity to acquire a 20,156 square foot stand- that the property has been offered for sale, subject to withdrawal from the alone office buidling sitting on approximately 42,500 square feet of development market, change of offering price, prior sale, or rejection of any offer due to the land with a steady income already in place. The subject property is located less terms thereof, lack of satisfactory credit references, or for any other reason, than a mile from the coveted Sunset/Vine and Hollywood/Vine amenities. whatsoever, without notice. The registered potential purchaser acknowledges that the property is being offered without regard to race, creed, sex, religion, or nation origin. The owner is an intended third party beneficiary of the terms of this agreement. THE OFFERING PROCEDURE OFFER SUBMISSION The Registered Potential Purchaser acknowledges that the Property has been Prospective purchasers are to submit offers to Colliers at the address below: offered for sale, subject to withdrawal from the market, change in offering For land redevelopment: For office owner/user sale: price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospective Purchaser or for any other ADAM TISCHER NATHAN PELLOW reason, whatsoever, without notice. Senior Vice President Executive Vice President License No. 01766213 License No. 01215721 Registered Prospective Purchasers and their brokers (if any) will be bound by [email protected] [email protected] the terms of the executed Confidentiality Agreement, which were agreed to MICK MOODY PATRICK MOODY prior to the distribution of this information and the Disclaimer contained herein. Associate Associate License No. 01972547 License No. 02024230 Since the ability to close the transaction according to the terms of the purchase [email protected] [email protected] will be of paramount importance to Owner, inclusion of Prospective Purchaser’s past property acquisition history, and financial statements identifying the MARK TARCZYNSKI source of funds for the Property’s purchase, would greatly aid the Owner in Executive Vice President License No. 01020868 evaluating the Prospective Purchaser’s offer. Owner will select the Prospective [email protected] Purchaser it deems most qualified and Prospective Purchaser will immediately be provided a draft Purchase and Sale Agreement for its review and execution. 4 COLLIERS INTERNATIONAL INVESTMENT HIGHLIGHTS >> Investor, developer, or user opportunity >> Walking distance to Hollywood amenities >> Transit-Oriented Communities (TOC) >> Located less than a mile from the famous Sunset/Vine & Hollywood/ Vine intersections >> Access to both freeway and bus lines >> Corner positioning and high exposure signage opportunity on Vine Street >> Many developments occuring in the immediate area 1122 VINE STREET 5 PROPERTY DESCRIPTION SECTION 2 PROPERTY OVERVIEW 1122 Vine Street, Los Angeles, CA 90038 Address: aka 6226 Banner Avenue APN: 5534-005-024 Building Size: ±20,156 SF Year Built: 2005 Stories: 1 Lot Size: ±42,505 SF / 0.98 Acres Parking: Gated parking lot with 40 surface spaces 1.98/1,000 Zoning: LARD1.5 & LAC2 Current Tenant: Social Security Administration (GSA) Lease Exp. Date: January 2020 Current Rent: $4.58 PSF / $89,540 per month Walk Score: 89 (Very Walkable) Transit Score: 62 (Good Transit) Bike Score: 76 (Very Bikeable) 6 COLLIERS INTERNATIONAL SITE OVERVIEW CHARACTERISTICS BANNER AVE. >> Large corner lot >> Abundant on-site parking >> Vine Street address VINE ST. >> Modern construction EL CENTRO AVE. >> Easily accessible from the 101 Freeway SANTA MONICA BLVD. BANNER AVE. VINE ST. 1122 VINE STREET 7 EXTERIOR & INTERIOR PHOTOS 8 COLLIERS INTERNATIONAL 1122 VINE STREET 9 ZONING OVERVIEW Hollywood development is governed by City of Los Angeles policies and statutes. The dual-zoned TRANSIT-ORIENTED DEVELOPMENT: property at 1122 Vine Street, split between commercial and residential zoning, must also adhere to Situated within a mile of the Hollywood/Vine Station for the L.A. Metro Red and Purple Lines and even the Hollywood Community Plan, first adopted
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