G I L L | B U R N S | Y O O

FOR SALE

BAY+WILSON

CREATIVE CAMPUSARTS DISTRICT | 1917 BAY STREET & 932 WILSON STREET

BAY+WILSON

BAY STREET

WIL

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MATEO STREET

BAY+WILSON

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EXECUTIVESUMMARY

1917 Bay Street & 932 Wilson Street offer a unique opportunity for a buyer to purchase a property in a transforming neighborhood within Downtown LA. The property is well-positioned to capitalize on the revitalization of Downtown LA and the surging values in the Arts District.

The majority of the premises has been converted to creative space and is occupied. The ground level at 1917 Bay Street will be delivered vacant at close of escrow, offering the buyer an opportunity to either occupy the space or convert it as value-add. A rare attribute to this property is the gated & secured parking lot with outdoor space, which creates a campus-like feel.

The area surrounding the properties will continue to improve with new tenants moving into the vicinity, such as Warner Music Group, Soho House, Rolling Greens, Museum of Ice Cream, and Smashbox Studios. Meanwhile, demand is still soaring for properties in this area, exemplified by the number of completed and planned developments (ex. One Santa Fe, AT MATEO, 6AM, Art House, AMP Lofts, the $1 Billion LA River Project and the new LA Sixth Street Viaduct Project, and more).

1917 BAY STREET

932 WILSON STREET

BUILDING

SIZE:

LAND

SIZE:TOTAL: ±45,942 SF ±38,074 SF

BUILDING SIZE: ±13,840 SF

LAND SIZE: ±7,996 SF

YEAR BUILT: 1926

CONSTRUCTION: BRICK

APN: 5166-018-018

ZONING: LAM3

BUILDING SIZE: ±32,102 SF

LAND SIZE: ±30,078 SF

YEAR BUILT: 1923/1925

CONSTRUCTION: POURED-IN-PLACE CONCRETE

APN: 5166-018-019

ZONING: LAM3

PROPERTY HIGHLIGHTS• Gated and secured parking lot with outdoor space creates

a campus feel

• Situated on a quiet street with 2-street frontage

• Excellent Arts District location - close to Warner Music, Soho House, and across from Rolling Greens

• Convenient freeway access

• Beautiful architectural characteristics with vintage brick and bow-truss roof

• Fully sprinklered buildings with multiple ingress/ egress points

• Majority of property has been converted into creative space

• Fully functioning freight elevators

PARCEL MAP

SITE PLAN

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1917BAY ST.

932WILSON ST.

DISTRICTS OF DOWNTOWN LOS ANGELES

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ARTSDISTRICT

LITTLETOKYO

SOUTHPARK

FASHIONDISTRICT

CHINATOWN

CIVICCENTER

CENTRALBUSINESSDISTRICT

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BAY+WILSON

Historically, the Arts District was populated by various industrial

users – manufacturers and distributors, who warehoused goods

ranging from frozen fish to toys. Over time, the multi-story

industrial buildings deemed antiquated and functionally obsolete,

naturally transitioned to lofts and studios as artists and craftsmen

began occupying the spaces.

About a decade ago, developers came into this exclusive pocket

of Downtown LA and gave a boost to this trend. They started

converting former warehouses into homes on a larger scale -

Barker Lofts, Biscuit Lofts, Toy Factory Lofts, etc. As residents

started to sprout, the retailers followed. In recent years, adaptive

re-use projects and new developments saturated the Arts District

to a point where the City of Los Angeles attempted to rewrite

the zoning ordinance for the first time in many decades. The

demand to own property in the Arts District seemed insatiable

at the peak of this transformation.

Today, the real estate players in Arts District have shifted

from private/local investors to developers with institutional

funding, some of whom are international. The occupants have

changed from garment manufacturers, produce distributors, and

wholesalers to brand name retailers, James Beard Award-winning

chefs, and Warner Brothers.

The future of the Arts District is headed towards a total

metamorphosis as major developments are in the pipeline in

addition to those already in progress. Although the landscape

of the Arts District is bound to change dramatically, the intent of

the developers and the local community is to keep the integrity,

character, culture, and aesthetics intact for the most unique district

of Los Angeles.

ARTS DISTRICT

6TH STREET VIADUCT PARK

The WHEELHOUSE

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WALKABLE EXPERIENCE

MAJOR DEVELOPMENTS

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6AM

THE INDUSTRIAL

668 ALAMEDA

BISCUIT LOFTS

TOY FACTORY LOFTS

676 MATEO

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641 IMPERIAL

6TH STREET VIADUCT

640 S SANTA FE

670 MESQUIT

AMP LOFTS

FORD FACTORY

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3 STUMPTOWN 5 CHURCH & STATE 6 SOHO HOUSE4 AMERICAN TEA ROOM

7 PIZZANISTA

11 UPTOWN PUP

15 BREAD LOUNGE

19 DAILY DOSE

23 OUR VODKA 24 GREENBAR 25 RVCC INTERSECT 26 POUR HAUS 27 LITTLE BEAR 28 WINE STOP

21 THE SPRINGS 22 ARTIST & CRAFTSMAN20 NANCY’S FANCY

16 TONY’S SALOON 17 RABBIT CREW 18 IRON TRIANGLE BREWERY

13 GOOD LIVER 14 URBAN RADISH12 ETIQUETTE BARBERS

8 ROLLING GREENS 9 STEVEN’S DELI 10 BASECOAT

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PROPOSED MIXED-USE

Proposed residential/retail complex with 104 live/

work units, production and commercial space.

1000 S MATEO

Adaptive re-use project fully leased to Warner Music Group

as 254,000 SF of creative office. Move in scheduled Q3 2017.

FORD FACTORY

Currently under construction 7-story building with 320 live/

work units with 20,000 SF retail space and 420 parking spaces.

AMP LOFTSGREYSTAR

STUDIO ONE ELEVEN

15-acre 58-story mixed-use complex with 1,305 apartments,

431 condos, 412 hotel rooms, offices, shops, & restaurants.

6AMSUNCAL

THE ROWATLAS CAPITAL

SHORENSTEIN COMPANY

1.3 Million SF partially-open project with 6 buildings

comprised of creative office, 100 retailers, and 15 restaurants

Former headquarters for California Walnut Growers Association being converted into creative office with

ground-floor retail space.

DIAMOND WALNUTTHE HILLCREST COMPANY

SOHO HOUSE

Under construction - Anticipated opening in 2020, replacement for

6th St bridge with bicycle and pedestrian paths and an art park.

6TH STREET VIADUCTCITY OF LOS ANGELES

Proposed 7-story consisting of 475 live/work units and 50,000 SF of ground-floor retail space.

Expected completion 2022.

668 S ALAMEDAAVALON BAY

ONNI GROUP THOR EQUITIES

The next location of the private club/ hotel, "Soho Warehouse" is an adaptive re-use project of

an existing 6-story building.

SOHO HOUSETISHMAN SPEYER

Proposed 8-story building with 222,000 SF office, as well as

commercial space, and a 444-car parking garage.

HYPERLOOP

The Canadian development group filed plans to construct a 13-story

mixed-use building with 509 live/work units with 76 set aside as affordable.

26,290 SF development site with 160-foot frontage on

South Santa Fe Avenue with parking and roof deck.

2143 VIOLET 900 S SANTA FE

Proposed connected buildings up to 30 stories high. 800,000 SF office space, 250 rental units, 2

hotels, shops, & restaurants.

670 MESQUITGALLO/V.E. EQUITIES

1.8-acre campus-style development, 110 live/work units as well as creative offices and ground-

floor shops and restaurants.

2110 BAY

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ARTS DISTRICT

NEWDEVELOPMENTS

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"I am very excited about this move - the Arts District is an ideal home for Nancy's Fancy," Nancy Silverton says. "The area is undergoing a renaissance, and we are looking forward to being a part of it."PRNewswire.com

NEW NEIGHBORSTHE SOUTHERN END OF THE ARTS DISTRICT IS WELCOMING

SOME EXCITING NEW TENANTS!

The luxury greenhouse and home accessories retailer is coming soon to a former scrap metal

yard on Mateo & Bay Street

A fashionable new destination for coffee and tea

Inviting wine store offering unique selections

New HQ will soon be bustling with approximately 800

employees

International micro disti l lery’s Los Angeles location, offering tastings and tours

Downtown photo studio

slated to open in Q3 2017

INTERSECT CAFERVCC, Los Angeles based social club, opens

a hybrid gallery+café at the Art House

Construction soon to begin for Soho Warehouse

B R A N D O N G I L LExecutive Director+1 213 629 6528brandon.gill@cushwake.comCA LIC 01262330

B R A N D O N B U R N SExecutive Director+1 213 629 6541brandon.burns@cushwake.comCA LIC 01194796

J A E Y O OExecutive Director+1 213 629 6551jae.yoo@cushwake.comCA LIC 01503567

©2017 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.

www.BayWilsonLA.com