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11Th & Broadway RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY,11TH LOS ANGELES & , CA BROADWAY 90015 RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY, LOS ANGELES , CA 90015 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, Daniel Chiprut \ SENIOR MANAGING DIRECTOR 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 submit- T 310.407.6581 \ [email protected] \ CA RE License #01808709 ted 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. Newmark Grubb Knight Frank \ 1875 Century Park East, Suite 1380 \ Los Angeles, CA 90067 \ Corporate CA RE #01355491 Steven Salas \ SENIOR MANAGING DIRECTOR www.ngkf.com T 310.407.6569 \ [email protected] \ CA RE License #01232955 1 RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY, LOS ANGELES , CA 90015 PROPERTY DETAILS HIGHLIGHTS Size(s) Available: +/-530 - 7,029 SF § Located at the Northwest Corner of 11th & Broadway, this Property is in the Heart of the Improving Broadway District of Downtown LA. (Known as the Broadway Initiative Asking Rent : $3.40 - $4.50 PSF/Month Movement) NNN: Low NNN § 5-6 Blocks from LA Live, which includes Staples Center, Microsoft Theater, Tom’s Urban, Availability: Immediately (with Notice to Occupied Spaces) Yard House, Katsuya and many other National Tenants Parking: Some Rear Parking Available § Move-In Ready with some Landlord Improvements Available § Next to Herald Examiner Building (Under Renovations), and Across the Street from Two Prominent Hotel Redevelopment Projects § Also Across the Street from the New GH Palmer Mixed-Use Development with 649 New Apartment Units (Slated for Late 2016/Early 2017 Opening) § Easy Freeway Accessibility 2 RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY, LOS ANGELES , CA 90015 BUILDING FLOOR PLAN ALLEY AVAILABLE SUITES SUITE 1065: +/-1,365 SF SUITE 1063: +/-530 SF SUITE 1061: +/-978 SF 11TH PARKING SUITE 1060: +/-1,003 SF SUITE 1059: +/-1,018 SF SUITE 1057: +/-1,066 SF SUITE 1053: +/-1,069 SF TOTAL: +/-7,029 SF CONTIGUOUS BROADWAY 3 RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY, LOS ANGELES , CA 90015 PROPERTY PHOTOS 4 RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY, LOS ANGELES , CA 90015 DTLA BY THE NUMBERS INVESTMENT IN DOWNTOWN LA 2 W 2 1999-2014 Arts & Entertainment $1,163,500,000 POPULATION VALUE POPULATION GROWTH RESIDENTIAL UNITS PRICE OF A 1 BEDROOM Civic & Institutional $2,604,700,000 CONDO PER SF Commercial $898,800,000 $4.8 BILLION 18,700 11,626 $168.61 Mixed-Use $5,729,500,000 1999 1999 1999 1999 Residential $7,265,400,000 $11.08 BILLION 57,797 33,776 $521 Figueroa Corridor/Expo Park $1,500,000,000 2014 2014 2014 2014 DOUBLED NEARLY TRIPLED TOTAL: $19,161,900,000 MORE THAN FROM 1999 TO 2014 A VIBRANT DOWNTOWN RESIDENTIAL COMMUNITY New restaurants, bars, $98,700 average median household income of retail, nightlife, and OCCUPANCY RATE residents 700+amenities 2008-2014 75% of residents are between UNITS IN THE the ages of 23–44 PIPELINE 14,058 80% of residents have earned HOTEL ROOMS RESIDENTIAL UNITS a college degree or higher CURRENT INVENTORY CURRENT INVENTORY 95% 14.9 million passengers 7,961 33,776 travel through the 7th and UNDER CONSTRUCTION Metro station annually UNDER CONSTRUCTION UNITS UNDER 2,164 7,408 CONSTRUCTION 500,000 employees 7,408 PIPELINE PIPELINE 10 million annual visitors L 1,469 14,058 5 RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY, LOS ANGELES , CA 90015 RETAIL MARKET OVERVIEW NOTABLE RETAIL OPENINGS SINCE 2014 NEARBY AMENITIES 10E LE PAIN QUOTIDIEN 1. ACE HOTEL ACE HOTEL LOCAL TABLE 2. THE GAP BAR MITZVAH AT THE GORBALS MCCONNELL’S ICE CREAM AT GRAND 3. GRAND CENTRAL MARKET BELCAMPO MEAT CO. CENTRAL MARKET 4. ALMA RESTAURANT BERLIN CURRYWURST AT GRAND MRS. FISH 5. WATER GRILL CENTRAL MARKET OLIO AT GRAND CENTRAL MARKET 6. PERSHING SQUARE SUBWAY BIG SUGAR BAKE SHOP OYSTER GOURMET 7 8 7. BACO MERCAT CITY TAVERN PLAN CHECK KITCHEN + BAR 8. PERCH CLARK STREET BREAD AT GRAND SCOOPS CHINATOWN 10 9. WALGREENS CENTRAL MARKET 6 SEASALT FISH GRILL 10. BLANK SPACES COURTYARD AND RESIDENCE INN TENDER GREENS 5 LA LIVE 11. URBAN OUTFITTERS THE CONTINENTAL CVS 9 12. UMAMI BURGER THE EMERSON 13 16 EARTHBAR 13. LOS ANGELES BREWING COMPANY THE REGENT FAITH AND FLOWER 2 11 14. AESOP DOWNTOWN LA THE SPRINGS 15 12 14 FORD’S FILLING STATION 15. ACNE STUDIOS UNITED ARTISTS THEATRE GELATERIA ULI 1 4 16. TERRONI UPSTAIRS BAR AT ACE HOTEL GUISADOS WEXLER’S DELI AT GRAND CENTRAL H&M MARKET JIMMY JOHNS ZARA SUBJECT PROPERTY L.A. CHAPTER AT THE ACE HOTEL 6 RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY, LOS ANGELES , CA 90015 MAP NEW OR EXISTING MIXED USE DEVELOPMENTS 3 1. GH PALMER 16. 820 OLIVE DEVELOPMENT (PHASE 1) 17. LEVEL DTLA 2. GH PALMER 18. 1000 GRAND 28 DEVELOPMENT (PHASE 2) 4 7 14 19. 1001 OLIVE 5 6 3. METROPOLIS 15 20. BARRY SHY TOWER 4. RITZ-CARLTON EXPANSION 16 21. OLYMPIC & HILL 8 5. CARWASH TOWER 9 17 22. TEN50 18 6. HOTEL FIGUEROA 23. SHENLONG GROUP 19 20 7. APEX EXPANSION TOWERS 12 10 22 8. SHENZHEN HAZENS 24. THE PROJECT AT PICO 11 21 2 TOWER (PHASE 1) 1 9. FIG CENTRAL 23 25 25. THE PROJECT AT PICO 13 26 10. 1133 HOPE (PHASE 2) 30 27 11. 1212 FLOWER 26. G12 (PHASE 1) 29 24 SUBJECT PROPERTY 12. 1200 FIG 27. G12 (PHASE 2) 13. LOS ANGELES 28. EIGHTH & GRAND CONVENTION CENTER 29. 1249 GRAND 14. 888 SOUTH HOPE 30. ONYX APARTMENTS 15. 801 OLIVE 7 RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY, LOS ANGELES , CA 90015 DOWNTOWN LA MAP SUBJECT PROPERTY 8 RETAIL SPACES AVAILABLE 1053-1065 SOUTH BROADWAY, LOS ANGELES , CA 90015 Daniel Chiprut \ SENIOR MANAGING DIRECTOR T 310.407.6581 \ [email protected] \ CA RE License #01808709 Steven Salas \ SENIOR MANAGING DIRECTOR T 310.407.6569 \ [email protected] \ CA RE License #01232955 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. Newmark Grubb Knight Frank \ 1875 Century Park East, Suite 1380 \ Los Angeles, CA 90067 \ Corporate CA RE #01355491 www.ngkf.com 9.
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