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Metro Crenshaw Light Rail FOR LEASE LAX Crossroads Available 5555 W Manchester Avenue Los Angeles, CA 90045 Property Features • Shopping Center Available for Lease • Blocks from LAX, Metro & NFL LAX CROSSROADS • Adjacent to 14 Acre Police Academy 5555 W Manchester Avenue, Los Angeles, CA 90045 • Located off major signalized intersection SITE • Well Parked For more information, please contact: • Join National/Regional Tenants at center Daniel Khakshouri 310 268 7770 310 268 7771 Fax [email protected] Demographics 1 Mile 3 Miles 5 Miles No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, Population 22,112 235,272 700,510 omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our Avg. HH Income $100,700 $96,595 $97,265 principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of Daytime Population 18,727 135,363 310,992 analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and Multiple 405 Freeways feeding the Property Traffic Count: 36,978 CPD on Manchester documents that constitute reliable sources of the information described herein. Crenshaw/LAX Transit Project WEST HOLLYWOOD MELROSE 101 Existing Metro Rail & Station LA BREA LA FAIRFAX SILVER LAKE BL SUNSET Vermont/ HANCOCK Beverly BEVERLY TEMPLE Metro Silver Line & Station PARK BEVERLY BL BURTON Purple Line Extension WILSHIRE (under construction)WILSHIRE 3RD CENTER Purple Line Extension PARK 3RD HIGHLAND (approved alignment) LA BREA ROSSMORE Wilshire/ BEVERLY 6TH Normandie RAMPART Exposition Transit Corridor Phase 2 (under construction) HILLS 6TH WILSHIRE SANTA MONICA BL OLYMPIC Harbor Subdivision Wilshire/ OLYMPIC 8TH Wilshire/ CENTURY HAUSER Western PICO Vermont 8TH WILTON BEVERLY DR Westlake/ Crenshaw/LAXCITY Transit Corridor SAN VICENTE (under construction) MacArthur RIMPAU Park CRENSHAW KOREATOWN Light Rail (LRT) Alignment & Station PICO FAIRFAX At-Grade LRT LA CIENEGA LOS ANGELES METRO CRENSHAW LIGHT RAIL VENICE WEST ROBERTSON VENICE Below Grade LRT CHEVIOT CADILLAC Aerial LRT HILLS WASHINGTON WASHINGTON MID-CITY 10 Maintenance Yard Site Crenshaw/LAXREDONDO Transit Project WEST HOLLYWOOD SANTA MONICA FWY 23RD Parking ADAMS Culver MELROSE 23rd St City La Cienega/ 101 WEST SubjectPALMS toExisting Change Metro Rail & Station16-020814-0207 ©2015©2013 LACLACMTAMTA Jefferson Expo/ HOOVER LA BREA LA FAIRFAX ADAMS SILVER LAKE BL METRO CRENSHAW LIGHT RAIL WESTERN VERMONT SUNSET La Brea Vermont/ NORMANDIE HANCOCK BeverlyExpo/ 37th St/ BEVERLY TEMPLE Metro Silver Line & Station PARK Crenshaw JEFFERSON USC BEVERLY BL Expo/ BURTON EXPOSITION The Metro Crenshaw/LAX Line will extend from the existing Metro Exposition Line at Crenshaw and Purple Line Extension WILSHIRE Expo/Western Vermont (under construction)WILSHIRE Farmdale PALMS BL 3RD CENTER MARTIN LUTHER KING JR BL Purple Line Extension PARK 3RD Exposition Boulevards. The Line will travel 8.5 miles to the Metro Green Line and will serve the cities HIGHLAND Jefferson/ (approved alignment) CULVER CITY LA BREA ROSSMORE Wilshire/ USC BEVERLY 6TH Normandie LEIMERT RAMPART Expo Exposition Transit Corridor of Los Angeles, Inglewood and El Segundo; and portions of unincorporated Los Angeles County. The Phase 2 (under construction) HILLS 6TH Park/ WILSHIRE PARK SANTA MONICA BL OLYMPIC USC Harbor Subdivision Wilshire/ new Metro Rail extension will offer an alternative transportation option to congested roadways and OLYMPIC 8TH MartinWilshire/ Luther HAUSER Western BARRINGTONCENTURY 8TH PICOOVERLAND Vermont WILTON King Jr BEVERLY DR Westlake/MARTIN LUTHER KING JR BL Crenshaw/LAXCITY Transit Corridor SAN VICENTE BALDWIN (under construction) MacArthur RIMPAU provide significant environmental benefits, economic development and employment opportunities HILLS Park CRENSHAW KOREATOWN MAIN Light Rail 405(LRT) LEIMERT Alignment & Station throughout Los Angeles County. Riders will be able to make easy connections within the entire Metro PICO LA BREA FAIRFAX LA CIENEGA STOCKER Leimert At-Grade LRT LA CIENEGA LOS ANGELES VERNON VENICE Park WEST SEPULVEDA ROBERTSON VENICE Below Grade LRT Rail system, municipal bus lines and other regional transportation services. CHEVIOT CADILLAC STOCKER 48TH Aerial LRT HILLS MID-CITY WASHINGTON 110 WASHINGTON OVERHILL 10 Maintenance Yard Site REDONDO WASHINGTON BL CULVER VISTA LADERA SANTA MONICA FWY 23RD The Crenshaw/LAX Transit Project will serve the Crenshaw District, Inglewood, Westchester and Parking SAWTELLE INGLEWOOD ADAMS ANGELES ARLINGTON Culver HEIGHTS WEST 23rd St City La Cienega/ BL CRENSHAW 54TH SubjectPALMS to Change 16-020814-0207 ©2015©2013 LACLACMTAMTA surrounding area with eight stations, at: Jefferson Expo/ HOOVER ADAMS SAN PEDRO ST WESTERN VERMONT SLAUSONLa Brea Expo/ NORMANDIE 37th St/ 90 Crenshaw SLAUSONJEFFERSON USC EXPOSITION BUCKLER Hyde ParkExpo/ HYDE Slauson Expo/Western Vermont 60TH Farmdale 60TH PALMS BL 60TH PARK 1. Expo/Crenshaw MARTIN LUTHER KING JR BL Jefferson/ CULVER CITY 6908 Knowlton PlaceLEIMERT USC GAGE LA BREA LA WEST Expo 2. Martin Luther King Jr. MARINA FWY FAIRVIEW PARK Park/ FAIRVIEW USC Martin Luther SOUTHWEST BARRINGTON OVERLAND CENTINELA BALDWIN King Jr MARTIN LUTHER KING JR BL 3. Leimert Park JEFFERSON HILLS INGLEWOOD HYDE PARK FLORENCE MAIN 405 LEIMERT A E LA BREA 4. Hyde Park LA CIENEGA STOCKER R Leimert BEACH Fairview B VERNON SEPULVEDA Park A L Heights WESTCHESTER 405 STOCKER 48TH 110 5. Fairview Heights OVERHILL SEPULVEDA WASHINGTON BL CULVER LADERA VISTA SAWTELLE INGLEWOOD LA TIJERA ANGELES ARLINGTON VAN NESS VAN VERMONT BROADWAY HEIGHTS Downtown 8TH WESTERN 6. DowntownNORMANDIE InglewoodHOOVER FIGUEROA MAIN 1 BL CRENSHAW 54TH Inglewood SAN PEDRO ST SLAUSON 90 SLAUSONFLORENCE 7. Westchester/Veterans BUCKLER HYDE Slauson Hyde Park BREA LA 60TH 60TH MANCHESTER W estchester60TH / PARK MANCHESTER Veterans MARKET GAGE FlorenceManchester Ave. & Hindry Ave. le WEST MARINA FWY FAIRVIEW FAIRVIEW HILLCREST SOUTHWEST 90TH CENTINELA PRAIRIE Intersection around 1/4 Mile from Property JEFFERSON INGLEWOOD HYDE PARK 1 FLORENCE A ARBOR VITAE WESTCHESTER PKWY E ARBOR VITAE R Fairview MORNINGSIDE BEACH B 8. Aviation/Century A L Heights WESTCHESTER 405 PARK AIRPORT SEPULVEDA Aviation/ INGLEWOOD LA TIJERA Century VAN NESS VAN VERMONT Downtown 8TH WESTERN NORMANDIE HOOVER FIGUEROA BROADWAY MAIN 1 Inglewood CENTURY In addition to the alternative transportation option to congested roadways, the project will also FLORENCE LA BREA LA MANCHESTER Westchester/ MANCHESTER provide significant environmental benefits, economic development and employment opportunities Veterans MARKET Manchester LAX AVIATION LENNOX HILLCREST 90TH PRAIRIE 108TH throughout Los Angeles County. LA CIENEGA LA SEPULVEDA SEPULVEDA 1 Hawthorne/Lennox WESTCHESTER PKWY ARBOR VITAE MORNINGSIDE ARBOR VITAE PARK AIRPORT Aviation/LAXAviation/ Century INGLEWOOD IMPERIAL 105 The Crenshaw/LAXVermont/Athens Project is one of 12 transit projects funded by Measure R, the half-cent sales tax CENTURY IMPERIAL HWY Crenshaw NASH MAIN approved by Los Angeles County voters in 2008. AVIATION LENNOX LAX Harbor Fwy 108TH 105 LA CIENEGA LA SEPULVEDA SEPULVEDA Mariposa Hawthorne/Lennox INGLEWOOD RAMONA HAWTHORNE MARIPOSA 120TH Aviation/LAX 105 IMPERIAL 405 Vermont/Athens IMPERIAL HWY HAWTHORNE ATHENS GRAND Crenshaw NASH MAIN 105 Harbor Fwy EL SEGUNDOMariposa INGLEWOOD RAMONA HAWTHORNE EL SEGUNDO MARIPOSA El Segundo 120TH 110 405 HAWTHORNE ATHENS GRAND PRAIRIE YUKON VAN NESS VAN WESTERN NORMANDIE BROADWAY MAIN EL SEGUNDO 135TH FIGUEROA EL SEGUNDO EL SEGUNDO El Segundo 135TH 110 Douglas PRAIRIE YUKON GARDENA VAN NESS VAN WESTERN NORMANDIE BROADWAY MAIN EL SEGUNDO 135TH FIGUEROA 135TH Douglas LAX Automated People MoverGARDENA linking the Crenshaw Metro Line to LAX pictured at right. 10 OUR NEW NEIGHBORS Silicon Beach H oward Hughes Center A utomated People Mover L AX AREA/MARKET OVERVIEW SILICON BEACH Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to over 500 tech startup companies. Major technology companies have opened offices in the region including Google, Yahoo!, YouTube, BuzzFeed, Facebook, Salesforce, AOL, Electronic Arts, EdgeCast Networks, and MySpace. The region is considered the second- or third-largest tech hub in the world, according to various reports. Silicon Beach is also home to a number of start-up incubators and accelerators, such as Amplify.LA, Science, Disney Accelerator, and TechStars Cedars Sinai. Higher education institutions headquartered in Silicon Beach include Loyola Marymount University and Otis College of Art and Design. Other higher education institutions in the nearby Southern California region or with satellite campuses in/nearby Silicon Beach include:California Institute of Technology, University of California Los Angeles, University of Southern California. The RAND Corpration is headquartered in Santa Monica. In the first six months of 2013, start-ups in Silicon Beach raised over $500 million in funding, and there were 94 new start-ups and nine acquisitions. This has had major impacts on the type and availability of office space and on home prices in Playa Vista, Playa Del Rey, Westchester, Santa Monica, and Venice, as these areas have become more desirable due to this influx. The effects are also spilling over
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