10622 W. Pico Boulevard 4,728 SF on the SEC of PICO & MANNING · EXCELLENT VISIBILITY CLICK for VIRTUAL TOUR
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PRIME WEST L.A. RETAIL SPACE FOR LEASE 10622 W. Pico Boulevard 4,728 SF ON THE SEC OF PICO & MANNING · EXCELLENT VISIBILITY CLICK FOR VIRTUAL TOUR JORDAN RUBINSTEIN 310-887-3489 · [email protected] · DRE #01736033 DAVID PRESSBERG 310-887-6281 · [email protected] · DRE #01985788 Property Details Highlights • High visibility on signalized hard corner with strong • Active, walkable community with popular amenities Available: 4,728 SF (divisible) traffic counts (47,646 CPD at Pico/Manning) Rent: $3.25 PSF/Mo., NNN • Significant new development nearby • Excellent rooftop signage opportunity Parking: 2+1 ADA • A quarter mile from Google's new 600,000-square- • Ample street parking along Pico Blvd. and Manning foot Los Angeles HQ opening 2022 Ave. • One block from Overland Ave., a main commuter • Strong surrounding demographics with an average route to/from the I-10 Freeway, less than 1 mile HHI of $165,745 within one mile away Disclaimer: This document has been prepared by Kennedy-Wilson Properties, Ltd. (Responsible Broker Identity, DRE #00659610) for marketing and general information purposes only. The information set forth herein has been 10622 W. Pico Blvd. obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and 2 completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information. Los Angeles, CA 90064 Prime Retail on Hard Corner in Desirable West L.A. Neighborhood Kennedy Wilson Properties, Ltd. is pleased to present for lease the retail building at 10622 W. Pico Blvd., located on the southeast corner of Pico Blvd. and Manning Ave. Built in 1937, the single-story, 4,728-square-foot building features a bow truss ceiling, decorative windows, rooftop signage and excellent frontage on both Pico Blvd. and Manning Ave. In the heart of West Los Angeles’ Rancho Park community, just minutes from Beverly Hills, Century City and Westwood, the property is in very close proximity to Westside Pavilion, the former regional shopping mall that is soon to be home to Google’s 600,000-square-foot office headquarters. The property is ideally located along a major east-west commuter route with ample public transportation and easy access to the I-10 and I-405 Freeways. Disclaimer: This document has been prepared by Kennedy-Wilson Properties, Ltd. (Responsible Broker Identity, DRE #00659610) for marketing and general information purposes only. The information set forth herein has been 10622 W. Pico Blvd. obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information. Los Angeles, CA 90064 3 Offering Highlights CENTURY CITY 1 MILE HIGH VISIBILITY ON SIGNALIZED development on Sepulveda known as Linea will HARD CORNER include 595 residential units and 5,000 square feet of street-fronting commercial uses. Located at Pico and Manning, with irreplaceable rooftop signage, the opportunity is perfect for a STRONG SURROUNDING credit tenant or restaurant space. There is ample surrounding street parking as well as parking lot DEMOGRAPHICS lease opportunities nearby. Cars per day at Pico The property is located in an affluent submarket and Manning: 47,646. of Los Angeles where the Zillow Home Value Index is $1,745,000. The trade area is densely populated with 327,243 people within a 3-mile radius and an average HHI of $165,745 within ATTRACTIVE BUILDING FEATURES one mile. Capital improvements made to the building five years ago include a new electrical panel and roof. WALKABLE COMMUNITY WITH The property features a bow truss ceiling in the POPULAR AMENITIES rear and 50+ feet of frontage on Pico Blvd. The The property is surrounded by trendy amenities side street frontage on Manning is 110 feet long such as Holy Cow BBQ’s newest location, FOOD and enjoys high visibility to evening commuter market and cafe, Stalking Horse Brew Pub, traffic heading east. The Apple Pan, and the Westwood Corridor between Pico and UCLA. Nearby national credit retailers include Face Values, Bank of America, NEW DEVELOPMENT NEARBY Chase, Wells Fargo, Guitar Center and Landmark Theatres. Recent development activity near 10622 W. Pico Blvd. includes Google’s redevelopment of Westside Pavilion. Due for completion in 2022, the regional mall will be transformed into the tech giant’s 600,000-square-foot L.A. headquarters. Next door, GPI is converting a former Macy’s into creative office space, and less than a mile Pico Boulevard away, Carmel Partners’ metro-adjacent mixed-use Disclaimer: This document has been prepared by Kennedy-Wilson Properties, Ltd. (Responsible Broker Identity, DRE #00659610) for marketing and general information purposes only. The information set forth herein has been 10622 W. Pico Blvd. obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and 4 completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information. Los Angeles, CA 90064 MIRACLE MILE 3 MILES WEST LOS ANGELES RANCHO PARK GOLF COURSE 0.25 MILES 10622 W. Pico Blvd. APN: 4318-003-013 Disclaimer: This document has been prepared by Kennedy-Wilson Properties, Ltd. (Responsible Broker Identity, DRE #00659610) for marketing and general information purposes only. The information set forth herein has been 10622 W. Pico Blvd. obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information. Los Angeles, CA 90064 5 Site Plan LOCATED ON A HARD CORNER WITH HIGH VISIBILITY TO HEAVY EAST-WEST COMMUTER TRAFFIC CARS Pico Boulevard PER DAY 47,646 10622 W. PICO BL. AVAILABLE: 4,728 SF (DIVISIBLE) Manning Avenue Manning N Disclaimer: This document has been prepared by Kennedy-Wilson Properties, Ltd. (Responsible Broker Identity, DRE #00659610) for marketing and general information purposes only. The information set forth herein has been 10622 W. Pico Blvd. obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and 6 completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information. Los Angeles, CA 90064 LINEA 595 UNITS 5,000 SF RETAIL Development & Retail Amenities CARMEL PARTNERS GOOGLE HQ 600,000 SF CREATIVE OFFICE CAMPUS GPI COMPANIES CREATIVE OFFICE DEVELOPMENT 230,000 SF Demographics Pico Boulevard Distance from Property 1 mile 2 miles 3 miles 10622 W. Pico Blvd. Estimated Population 27,460 156,123 327,243 Estimated Average HHI $165,745 $135,844 $132,943 Total Household Expenditure $1.31 B $6.8 B $13.12 B Total Employees 18,000 132,497 357,924 Bachelor Degree or Higher 71.0% 66.5% 63.0% 7 Click Here to Take a Virtual Tour of the Interior FORMER FABRIC STORE The property has been operated as an owner-user by F&S For Less, a discount fabric store, for the past several decades. The interior features a corner entrance with multi- level interior that includes a restroom and back office. A dropped ceiling currently hides a bow truss ceiling at the rear of the property which could be exposed. Decorative clerestory windows are featured along the west side of the building. Disclaimer: This document has been prepared by Kennedy-Wilson Properties, Ltd. (Responsible Broker Identity, DRE #00659610) for marketing and general information purposes only. The information set forth herein has been 10622 W. Pico Blvd. obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and 8 completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information. Los Angeles, CA 90064 CLICK FOR A VIRTUAL TOUR Disclaimer: This document has been prepared by Kennedy-Wilson Properties, Ltd. (Responsible Broker Identity, DRE #00659610) for marketing and general information purposes only. The information set forth herein has been 10622 W. Pico Blvd. obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information. Los Angeles, CA 90064 9 Rancho Park Los Angeles, California The Property is located in the Rancho Park neighborhood of Los Angeles between Cheviot Hills and West L.A. Rancho Park’s tree-lined streets give it an almost suburban feel, as well as provide a rare opportunity for Angelenos to see fall foliage without a long drive north. Those same trees provide plenty of shade for pedestrians taking the short walk to the shops and restaurants on Pico or to play a round of golf at one of the nearby courses. With its own Expo Line station, easy access to the 10 and 405 freeways, and many arterial streets nearby, Rancho Park makes commuting slightly more convenient. Disclaimer: This document has been prepared by Kennedy-Wilson Properties, Ltd.