8720 melrose avenue...its proximity to the hubs found in the art and design district. beloved spots...

8720 MELROSE AVENUE

OFFERING MEMORANDUM

SITUATED IN ONE OF THE MOST PRESTIGIOUSMARKETS IN LOS ANGELES, CA

A GENERATIONAL RETAIL SITE

3

PACIFIC DESIGN CENTER Across The Street From Subject Property

© 2019 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Hudson Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

The Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

TABLE OF CONTENTS

EXECUTIVE OVER VIEW 04

PROPERTYINFORMATION 18

12

This Memorandum (“Offering Memorandum”) has been prepared by

Hudson Commercial Partners, Inc. based on information that was

furnished to us by sources we deem to be reliable. No warranty or

representation is made to the accuracy thereof; subject to correction

of errors, omissions, change of price, prior sale, or withdrawal from

market without notice.

This Memorandum is being delivered to a limited number of parties

who may be interested in and capable of purchasing the Property.

By its acceptance hereof, each recipient agrees that it will not

copy, reproduce or distribute to others this Memorandum in whole

or in part, at any time, without the prior written consent of Hudson

Commercial Partners, Inc., and it will keep permanently confidential

all information contained herein not already public and will use this

Confidential Memorandum only for the purpose of evaluating the

possible acquisition of the Property.

This Memorandum does not purport to provide a complete or fully

accurate summary of the Property or any of the documents related

thereto, nor does it purport to be all-inclusive or to contain all of

the information, which prospective buyers may need, or desire.

All financial projections are based on assumptions relating to the

general economy, competition and other factors beyond the control

of the Owner and, therefore, are subject to material variation. This

Memorandum does not constitute an indication that there has been

no change in the business or affairs of the Property or the Owner since

the date of preparation of this Memorandum.

This Memorandum is being delivered by Hudson Commercial

Partners Inc. to prospective purchasers with the understanding

that all prospective purchasers will conduct their own independent

investigation of those matters, which they deem appropriate in order

to evaluate this offering. Additional information and an opportunity

to inspect the site will be made available to interested and qualified

prospective purchasers. Hudson Commercial Partners, Inc. reserves

the right to request the return of any or all of the information enclosed.

EXECUTIVE O

VERVIEW

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8720 MELROSE AVEWEST HOLLYWOOD, CA 90069

1 - CATCH

2 - PACIFIC DESIGN CENTER

3 - ALL SAINTS

4 - RESTORATION HARDWARE

5 - URTH CAFE

6 - NIKE

7 - VINCE

8 - LULULEMON ATHLETICA

9 - RAG & BONE

AERIAL AMENITIES

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1 - CATCH

2 - WEHO PUBLIC LIBRARY

3 - CECCONI’S

4 - CHROM HEARTS

5 - SUR RESTAURANT

6 - CHRISTIAN LOUBOUTIN

7 - JOHN VARVADOS

8 - CRAIGS

9 - MAXFIELD

10 - GRACIAS MADRE

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MELROSE AVE MELROSE AVE


0.3 Miles from Subject Property

652 N. La Peer Drive - Robertson Lane DevelopmentLocated at 652 N. La Peer Drive, the proposed development calls for the construction of a mid-rise building surround-

ing the iconic gay club. A full buildout would create 241 guest rooms, an event center, a nightclub, a 750-car garage,

and street-fronting retail and restaurant uses.

The project, which is being designed by Hodgetts + Fung, received unanimous approval from the West Hollywood

Planning Commission earlier this week. The site plan is oriented around a new mid-block pedestrian paseo, which cuts

diagonally across the site, and terminates at the newly refurbished West Hollywood Park.

HUDSON COMMERCIAL PARTNERS, INC. - 1110 - HUDSON COMMERCIAL PARTNERS, INC.

Hudson Partners Inc is pleased to present the opportunity to acquire 8720 Melrose avenue , a once-in-a-generation retail site in one of the most prestigious markets in West Hollywood, CA Strategically situated where West Hollywood and Beverly Hills meet, south of Santa Monica Boulevard and located at the ever-evolving Melrose Avenue, 8720 is truly exceptional in its design. An area of upscale residences, luxury office buildings, as well as world-famous marquee merchants surround the building on Melrose Ave. The area is further enhanced by its proximity to the hubs found in the Art and Design District. Beloved spots such as Cecconi’s, Catch Restaurant, Craigs, and The Abbey are within walking distance, as is the Pacific Design Center. The building is a single story 7,599 square feet in total on 16,616 square feet of land with 147 feet of frontage on Melrose Avenue. This architectural gem is now a refined and redefined structure that will prove to be an asset as a workspace and as part of the neighborhood. The interior space features spectacular high ceilings and high-end finished. The exterior upscale finish continues from outside to throughout the front entrance. With an outdoor courtyard dramatic high ceiling, and top of the line finishes; 8720 Melrose defines the ultra-high-end retail space. Furthermore, the architecture and design of the subject building stands out in a market crowded with brand-conscious tenants paying premium rates for the areas location and address.

West Hollywood (WeHo to those who love it and live it) has always had character. From colorful people enjoying a stroll to long standing businesses and hotspots that defined a community, this part of town was never one to play the wallflower or be anything generic. the place many refer to as an “urban village” will be coming into its own with additions that are sure to secure its vibrant, unique style and stellar track record of profitability Neighboring tenants include Pacific Design Center, John Varvatos, Christian Laboutin, Maxfield, Helmut Lang, Rag + Bone, Acne Studio’s, Cecconis, Catch, Gracias Madre, Urth Caffe, Alice + Olivia, Restoration Hardware Flagship Store , Alberta Ferretti, Robertson Lane project and Melrose Triangle project. L’Eclaireur on Robertson (near Louboutin) this brand was created around in the 80’ in the Champs Elysees in Paris by Mr Hadida wellknow designer , the Robertson store has been open by its daugther who recently moved to the US.

8720 MELROSE AVE., WEST HOLLYWOOD, CA 90069

UNDISCLOSEDLISTING PRICE

7,599 SFBUILDING SQUARE FOOTAGE

UNDISCLOSEDPRICE PER SF

16,616 SFPARCEL AREA

UNDISCLOSEDPRICE PER SF

160’ ON MELROSESTREET FRONTAGE

0.42BUILDING FAR

4336-006-042APN

160’ x 105.25’LOT DIMENSIONS

±23,000VEHICLES PER DAY

Occupancy Vacant

Average PSF Rent $9.00 - $11.00

Lease Type Triple Net

Year Built 2002

Zoning WDC1A

Ceiling Height12’ to 18’ varies in different spaces

HVAC 6

Height Limit 2 Stories / 25 Feet (with variances of 30 feet)

Development FAR 1.0

Foundation Concrete

Roof Rolled Composition

Parking 18 Spaces

Type of Ownership Fee Simple

IGHLIGHTSH EXECUTIVE SUMMARYDESCRIPTION SPECS


EXTERIOR COURTYARD


INTERIOR SHOWROOM


CONFERENCE ROOMINTERIOR OFFICE

18 - BROOKFIELD PARTNERS, INC.

PROPERTY IN

FORM

ATION

2


AERIALPLAT MAP

SUBJECT PROPERTY8720 MELROSE AVE., WEST HOLLYWOOD, CA 90069

MELROSE AVE


SHOWROOM PLAN


Just a stone’s throw away from the subject site, a new development

will be making a splash with a high profile project that will reinvigorate

the local area. Faring Capital’s new project, Robertson Lane, will

promote cross-pollination of pedestrian traffic from Robertson

Boulevard to the local surroundings. Starting at Pacific Design

Center in the east, on through West Hollywood Park, to the bustle of

Robertson Lane, and ending up at Melrose Triangle. Robertson Lane

will replace the “The Factory”, the iconic nightclub building that sits

between Robertson Boulevard and LaPeer Drive south of Santa Monica

Boulevard.

VERVIEWO AREA

the Pacific Design Center). West of LaPeer and stretching to Doheny

will be the Melrose Triangle Project, featuring four stories of glass

panels that will glow at night, ushering people from Beverly Hills into

West Hollywood. (Cohen is also negotiating on the other end to turn

an MTA bus depot adjacent to the PDC into a shopping plaza.) H+F

has another project in the pipeline for the area, one of the largest

developments in West Hollywood’s history, which will be a multi-use

building on Sunset Boulevard north of La Cienega.

West Hollywood (WeHo to those who love it and live it) has always

had character. From colorful people enjoying a stroll to long standing

businesses and hotspots that defined a community, this part of town

was never one to play the wallflower or be anything generic.

Originally, the site was a real factory that manufactured motion

picture cameras. Later, it was converted into a nightclub space in 1967.

Its most recent incarnation was Studio One, which has housed numerous

successful venues, and became a cultural emblem in the hearts of

locals. Robertson Lane will go a long way in unifying the separate hubs

of WeHo – the Sunset Strip, Melrose Place, and Robertson Boulevard.

Designed by Hodgetts+Fung architecture firm, it will feature a hotel with

more than 250 rooms, underground parking with more than 1,000 spaces,

and a plethora of cafes and small retail spaces that are decidedly not

generic. Its most dramatic impact will result from a 35 foot open lane

cutting through the property, which gives people walking on Robertson

Boulevard or LaPeer Drive a visual invitation to explore what lies on the

other side. If natural urban trends continue, the upscale shops (Christian

Louboutin, John Varvatos, Phillip Lim and Phyllis Morris), restaurants

(Catch, Ciconni’s, Craigs, Sur,) and nightclubs (The Abbey, Here Lounge,

P.U.M.P) on Robertson will soon be flanked by new distinctive businesses

and locales in the immediate area.

West Hollywood Design District (WHDD) is a touchstone for cultural

cues in high-caliber design, art, fashion, dining, beauty and more.

Trends are born along these streets. People with big ideas flock here.

Hodgetts+Fung, the architects behind Robertson Lane, will also be

teaming up with the Charles Company (as in, Charles Cohen, owner of

ROBERTSON LANELaPeer Drive

ROBERTSON LANEThe Factory



HIGH VOLUME PROJECTS IN THE AREA


9060 Santa Monica Blvd - MELROSE TRIANGLEThe new Melrose Triangle project will reinvigorate West Hollywood’s Western Gateway. Neighborhood-serving restaurants, cafes, art galleries, and boutiques will enhance the uniquely West Hollywood experience of this new and exciting gathering place for our community. The average restaurant, art gallery and retail space will be less than 2,000 square feet, creating a boutique and vibrant energy to the project.

The new Melrose Triangle will be the western face of West Hollywood, and will contain breathtaking office space in addition to 76 units of housing, 20% of which will be made available for low and moderate-incoming housing. The project will welcome everyone to West Hollywood.

West Hollywood is the Creative City, and our gateway should be a representation of our inclusive and creative values. The Melrose Triangle project will do just that.

0.4 Miles from Subject Property

34 - HUDSON COMMERCIAL PARTNERS, INC.

KELLY BETPOLICEManaging Principal

11846 Ventura Blvd.Suite 140Studio City, CA 91604

Cal BRE: 01470894

JAY MARTINEZManaging Principal

11846 Ventura Blvd.Suite 140Studio City, CA 91604

Cal BRE: 01367663

CONTACT

C: 310.403.8544P: 818.699.1602F: 818.332.4977E: [email protected]

CONTACT

C: 310.658.3357P: 818.699.1603F: 818.688.8140E: [email protected]

8720 melrose avenue...its proximity to the hubs found in the art and design district. beloved spots...

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