BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM HIGH PROFILE STREET RETAIL IDEALLY LOCATED IN 816 N. La Cienega Boulevard, Los Angeles, CA 90069 WORLD-RENOWN WEST HOLLYWOOD, CA INVESTMENT ADVISORS: BRANDON MICHAELS SAM LIBEROW Senior Managing Director of Investments First Vice President Investments Senior Director, National Retail Group National Multi-housing Group Tel: (818) 212-2794 Tel: (818) 212-2795 Fax: (818) 212-2710 Fax: (818) 212-2710 [email protected] [email protected] License: CA #01434685 License: CA #01933858 www.BrandonMichaelsGroup.com TEAM MEMBERS TABLE OF CONTENTS Sean Brandt Vaughn Brown Ben Brownstein Nicole Cottrell Steven Schechter Austin Sreden PROPERTY OVERVIEW 01 CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or FINANCIAL ANALYSIS expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the 02 physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. NON-ENDORSEMENT NOTICE COMPARABLES ANALYSIS Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The 03 presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corpora- tion of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. AREA OVERVIEW BRANDON 04 MICHAELS 16830 Ventura Blvd. Suite 100, Encino, CA 91436 GROUP www.marcusmillichap.com SOUTHERN CALIFORNIA'S PREMIER SALES TEAM 1 PROPERTY OVERVIEW GLOBAL TOURISM DESTINATION GETTING AROUND West Hollywood is at the cultural and geographical heart of the Los Angeles region, surrounded You can tuck your car away in a hotel garage and stroll to great by must-see hotspots in every direction. restaurants, cafes, bars, nightclubs and shopping. Within the city’s 1.8 square miles, you can people-watch on the Sunset Strip, sightsee on Santa Monica Boulevard, stop at a great • 1.2 million visitors came to West Hollywood last year cafe or restaurant on Melrose Ave. and shop at the gorgeous boutiques of the West Hollywood Design District. It’s easy to • $750 million dollars generated by tourism to our local economy last year sightsee in West Hollywood…all on foot! • 16,599 jobs supported by tourism in West Hollywood DINING From the Sunset Strip to Melrose Avenue, AFFLUENT NEIGHBORHOOD WHY BUY West Hollywood never seems to sleep. There are clubs to be seen, live music to be heard, DEMOGRAPHICS IN and coffee shops to work from. Fuel up with breakfast, brunch, lunch and dinner at a Median age: 39 ● WEST HOLLYWOOD? plethora of celebrity-frequented restaurants so that you can explore the lively neighborhood Average household income within a 1 mile radius: $84,384 ● until the wee hours of the morning. Population within a 5 mile radius: 832,111 ● DEVELOPMENT IN WEST HOLLYWOOD WEATHER Southern California’s persistently pleasant weather means it’s Rare opportunity to purchase in a strong rental market. Significant amount of movement and practically always the best time to visit West Hollywood. It’s turnover in the immediate marketplace, creating an opportunity for new construction to enter the SHOPPING sunny almost 300 days a year and the average high temperature market and position the submarket for the future. Upon completion of surrounding developments Scores of cutting-edge labels can be found in West in many parts of L.A. fluctuates less than 10 degrees through and with continuing improvements to the immediate area, the West Hollyowood rental market Hollywood, from avant-garde brands to casually luxe the year. will experience significant growth and offer outstanding returns for long term investors. clothing makers. Melrose Avenue is renowned throughout the world as one of Los Angeles’ most walkable and unique shopping destinations. 6 7 A WALKABLE DINING AND SHOPPING DISTRICT BETWEEN BEVERLY GROVE AND SUNSET STRIP The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market for sale 816 North La Cienega Boulevard, a 3,927 square foot mixed-use retail and office building located just south of Santa Monica Boulevard and just North of Melrose Avenue in the heart of the highly sought-after neighborhood of West Hollywood, CA. Ideally located along La Cienega Boulevard, this high-profile location benefits from high daily traffic counts along a high-end retail thoroughfare. The subject property offers excellent frontage and visibility, benefiting from 41 feet of frontage along La Cienega Boulevard. 816 N. La Cienega Boulevard, Los Angeles, CA 90069 West Hollywood is at the cultural and geographical heart of the Los Angeles region, surrounded by must-see hot spots and lined with multi-million-dollar residences. Commonly known as WeHo, the neighborhood is among the top destinations in the world, and this irreplaceable location benefits from high daily traffic counts HIGH PROFILE STREET RETAIL north of 35,000 vehicles per day. 816 North La Cienega Boulevard is ideally located in the heart of one of the IDEALLY LOCATED IN WORLD- most famously known locales for celebrities, wealthy residents, and tourists alike. There may be no greater concentration of high-end restaurants, retailers, boutiques, and night life than what is found in this world- RENOWN WEST HOLLYWOOD, CA famous neighborhood. 816 North La Cienega offers the unique opportunity to acquire a high-profile street retail property with flexibility in usages. The ground floor, which consists of approximately 2,000 square feet, is vacant, allowing an Owner-User Buyer to immediately occupy the space will benefiting from the income stream resulting from the second story tenant. There is currently a lease in place for the second story, which is approximately, 1,927 square feet. The interior of the building has been highly upgraded, creating a modern business environment. There are eight parking spaces in the rear of the property. 816 North La Cienega creates a unique opportunity to acquire a well-located mixed-use building in one of Southern California’s best locations. The affluent surrounding demographic boasts an average income of $113,245 within a one-mile radius and a median household income of $84,384. There are over 46,000 people within one mile of the subject property and over 850,000 people within five miles. The subject property boasts a walk score of 88, making this a very walkable location with direct access to transit. 816 N. La Cienega is situated on 4,792 square feet of land zoned C4-1VL, and is located in a tier 3 Transit Oriented Community. 8 9 INVESTMENT HIGHLIGHTS MELROSE MELROSEAVENUE AVENUE Blue Jam Cafe Kitson Urth Cafe Moniue Lhuillier IDEAL OWNER-USER OR INVESTMENT OPPORTUNITY IRREPLACEABLE LA CIENEGA BOULEVARD LOCATION 816 N. La Cienega Boulevard, Los Angeles, CA 90069 BCBG Maxazria Revolve Clothing Diesel Jonathan Adler Joie Theory 2,000 square foot ground floor retail space is vacant, creating Ideally located on North La Cienega Boulevard, just south of Marc Jacobs Johnny Cupcakes • • Sweet Lady Jane Alexander a unique opportunity for an Owner-User Buyer to immediate Santa Monica Boulevard and just north of Melrose Avenue in NARS McQueen occupy the space and generate income from the second story world famous West Hollywood, CA Ink Sack Tenoversix office tenant • High daily traffic counts north of 35,000 vehicles per day • Eight parking spaces in the rear of the property • Highly walkable location with a walk score of 88 THE GROVE BEVERLY CENTER 4,792 square feet of land zoned C4-1VL Apple • Close proximity to high end restaurants,