for sale - loopnet · and many other creative tenants are populating the neighborhood with many...
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S A N T E F
E
GILL | BURNS | YOO
FOR SALE1515 SOUTH SANTA FE AVE • LOS ANGELES • CA 90021
&S A N T A
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OLY
M P I C
300,000+ Cars Per
Day
SOUTH SANTA FE AVENUE
E OLYMPIC BOULEVARD
PORTER STREET
MATEO STREET
EXECUTIVE SUMMARY1515 S Santa Fe presents an exclusive opportunity
to purchase a property that spans block-to-block in
Downtown Los Angeles. The property is located just
to the south of the 10 FWY and The Arts District, a
neighborhood that is at the peak of its transition.
Warner Music Group, Soho House, Lyft, Hyperloop,
Dover Street Market, Adidas, Spotify, USC, Smashbox
and many other creative tenants are populating the
neighborhood with many more projects wrapping
up and attracting a variety of tenants and residents.
The pipeline of nearby developments will continue
to transform this part of Downtown Los Angeles and
fortify the tremendous future potential of the property.
PROPERTY HIGHLIGHTS
Total of ±28,088 SF Divisible Building
on ±36,569 SF Land
NWC of 2 Major Thoroughfare
Olympic Blvd. & Santa Fe Ave.
Spans Block-to-Block
on Santa Fe Ave (±330 ft frontage)
Arts District Adjacent
Immediate Access to All Major Freeways
Located in the Opportunity Zone
SPECIFICATIONS
C E I L I N G H E I G H T
13’, 15’-20’B U I L D I N G S I Z E
±28,088 SFL A N D S I Z E
±36,569 SFZ O N I N G
M3
Y E A R B U I LT
1922 1923 1937
C O N S T R U C T I O N
MASONRYPA R K I N G
30 SPACES
PA R C E L N U M B E R
5167-001-042 5167-001-030 5167-001-040
SITE PLAN PORTER ST
SA
NT
A F
E A
VE
AL
LE
Y
NOLYMPIC BLVDNOT TO SCALE - FOR DISCUSSION PURPOSE ONLY.
±11,612 SF
±10,618 SF
±5,796 SF
PARCEL MAP
N
O LY M P I C B O U L E VA R D
FR
EE
WA
Y
AP
PR
OA
CH
ES
H U N T E R P L A C E
SA
NT
A F
E A
VE
NU
E
13000±SF
201 POR 9
94
04
05
0
40
50
40
202
203
204
205
LS 4
2 -
23
12420±SF
11040±SF
42
30
40
140
140
20
15
.70
20
73
.70
48.1
2
245
46
42.6
2
40.63
8.16
222 POR R = 310
MR 59-87-88
NE COR LOT 246
MA
TE
O S
TR
EE
T
P O R T E R S T R E E T
SANTA MON IC
A 10 FWY
H U N T E R S T R E E T
* NOT TO SCALE - FOR DISCUSSION PURPOSE ONLY. DESIGNATED QUALIFIED OPPORTUNITY ZONES MAP IS SUBJECT TO CHANGE https://cafinance.maps.arcgis.com* THE MATERIALS PROVIDED ARE FOR GENERAL INFORMATIONAL PURPOSES ONLY. THESE MATERIALS DO NOT, AND ARE NOT INTENDED TO, CONSTITUTE LEGAL ADVICE, AND YOU SHOULD NOT ACT OR REFRAIN FROM ACTING BASED ON ANY INFORMATION PROVIDED. PLEASE CONSULT WITH YOUR OWN LEGAL COUNSEL ON YOUR SITUATION AND SPECIFIC LEGAL QUESTIONS YOU HAVE.
OPPORTUNITY FUND TAX BENEFITS
Deferral of Capital Gains on Federal
Tax through a Qualified Opportunity
Fund
Step-up in Basis (up to 15%) Depending
on Holding Period
Allows for real estate, as well as securities,
partnership interests to be invested in
Opportunity Zones via Opportunity
Funds
No capital gains tax on the Opportunity Zone
investment itself for funds that have been
held for at least 10 years.
OPPORTUNITYZONES
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1328 S. Santa Fe Ave Th(3) Stories ofcreative office w/ ground floor retail space
12
1700 S. Santa Fe Ave±178,250 SF creative
office campus
DEVELOPMENTS
1
3 4 5
6
11
12
1
8
7
9
10
2000 E. 8th StHarridge Development Group’s
26-acre LA Times printing facility
2
777 S. Alameda StRetail & dining space
stretched over 30-acres
3
668 S. Alameda St7-story building: 475 rental
apts. 61,000 SF of retail
4
6th & Alameda (2) 58-story towers, 1.96M
SF massive mixed-use
56AM
1005 Mateo St2-acre property includes
retail & event space
6
2
Ford Motor FactoryWarner Music Group will be headquartered at the newly
converted creative office campus
7
SOHO House Members-only social club is on
track to open by 2019
8 9
2110 Bay St Mixed-use complex develop-ment w/ 110-unit live/work &
±50,000 SF retail
10
Hyperloop HQ Campus Art House53 live/work units,
creative offices, café, etc.
11
Art House
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Los Angeles River
6
5
1
2
5 4
3
5
34
1012
1
2
11
8
6
7
9
6
9
7
8
4
3
2
1
7
11
16 15
17
10 9
18198
1312
14
FORDFACTORY
THEINDUSTRIAL
FACTORY PLACEARTS COMPLEX
AVAARTS DISTRICT
AMPLOFTS
PRODUCELA
ROWDTLA
1800E 7TH
DIAMONDWALNUT
LA TIMESPRINTING PLANT
BISCUITLOFTS
6TH STREETVIADUCT
REPLACEMENT
670MESQUIT
676MATEO
641
TOYLOFTS
AT MATEO
6AM
SOHOHOUSE1000
MATEO
ARTHOUSE
HYPER-LOOP
2143VIOLET
2130VIOLET
BARS/ BRE WERIES/ DISTILLERIES123456789
12345678910111213141516171819
123456789101112
Greenbar DistilleryOur/Los Angeles VodkaTony’s SaloonSilverlake WineER BarPour Haus Wine BarIron Triangle BreweryFlask & FieldThe Spirit Guild
The Porter Junction CafeSteven’s DeliMaru CoffeeStumptown Coffee RoastersCosme LABestiaBread LoungeGuerrilla TacosPizzanistaChurch & StateDaily DoseLittle BearUrban RadishBlue Bottle CoffeeSixth+MillOfficine BreraFactory KitchenTartine ManufactoryParamount Coffee Project
Rolling GreensUptown PupBase Coat Nail SalonArch TheCommonwealthThe House of MachinesWePlay LiveTwo Bit CircusDover Street MarketICA LABodegaMission Workshop
RESTAURANTS/ COFFEE
RE TAIL/ MUSEUMS
A M E N I T I E SA R T S D I S T R I C T
E 6th St
E 7th St
Mateo
St
Santa Fe Ave
Alam
eda St
E Olympic Blvd &S A N T A
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FINANCIAL PROJECTION1515 SOUTH SANTA FE AVE • LOS ANGELES • CA 90021
ACQUISITION
6 MONTHS $2,106,000
$17,500,000Value
$17,700,000Value
$19,800,000 Value
MONTHS 5 10 15 20 25 30 35 40 45 50 55
10 MONTHS $242,600 Tenant Improvements
$322,106 Commission
12 MONTHS$783,614Income
24 MONTHS (2YRS) $793,583
Income
72 MONTHS (6YRS) $893,000
Income
$11,500,000Value
YEAR
ACQUISITION
PURCHASE PRICE
IMPROVEMENTS
SCHEDULED BASE RENT
1ST FLOOR
PARKING
TOTAL GROSS REVENUE
OPERATING EXPENSES
VACANCY
TENANT IMPROVEMENTS
CORE AND SHELL
LEASING COMMISSION
TOTAL CASH OUTLAY
TOTAL OPERATING EXPENSES
NET OPERATING INCOME
EXIT VALUE
($11,500,000)($2,106,600)
($842,640)($2,106,600)($322,106)
($14,771,346)
1
$1,011,168$50,886
$1,062,054
($277,882)($50,558)
($278.440) $783,614-5.30%
$17,413,644
2
$1,041,503$52,413
$1,093,916
($234,718)($65,634.94)
($300,353) $793,563-5.37%
$17,634,725
3
$1,072,748$53,985
$1,126,733
($241,760)($67,603.99)
($309,364) $817,370-5.53%
$18,163,767
4
$1,104,931$55,605
$1,160,535
($249,012)($69,632.10)
($318,644) $841,891-5.70%
$18,708,680
5
$1,138,078$57,273
$1,195,351
($256,483)($71,721.07)($52,665)
($93,352
($474,221) $721,130-4.88%
$16,025,114
6
$1,172,221$58,991
$1,231,212
($264,177)($73,872.70)
($338,050) $893,162-6.05%
$19,848,039
7
$1,207,387$60,761
$1,268,148
($272,103)($76,088.88)
($348,191) $919,957-6.23%
$20,443,480
8
$1,243,609$62,583
$1,306,192
($280,266)($78,371.55)
($358,637) $947,555-6.41%
$21,056,784
9
$1,280,917$64,461
$1,345,378
($288,674)($80,722.69)
($369,396) $975,982-6.61%
$21,688,488
10
$1,319,345$66,395
$1,385,740
($297,334)($83,144.37)
($380,478) $1,005,261-6.81%
$22,339,142
S A M P L E C A S H F LO W A N A LY S I S
POTENTIAL PROJECT&S A N T A
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OLYMPIC BOULEVARD FRONTAGE
SANTE FE AVE FRONTAGE
PORTER ST FRONTAGE
SANTA FE AVE & PORTER ST
MONTEREYPARK
ALHAMBRA
PASADENA
COMPTON
SOUTHGATE
MONTEBELLO
VERNON
DOWNEY
EAST LA
LOSANGELES
GLENDALE
WESTHOLLYWOOD
BEVERLYHILLS
KOREATOWN
CULVERCITY
EL SEGUNDO
REDONDOBEACH
INGLEWOOD
LAKEWOOD
GARDENA
IMMEDIATE ACCESSTO POPULATION
CENTERS
POPULAT ION121,656 people
745,167 people
1,662,496 people
2,641,861 people
308,745,538 people
2 MILE:
4 MILES:
6 MILES:
8 MILES:
10 MILES:RA
DIU
S F
RO
M P
RO
PE
RT
Y
DOWNTOWN:
KOREATOWN:
ALHAMBRA:
CULVER CITY:
GLENDALE:
WEST HOLLYWOOD:
BEVERLY HILLS:
PASADENA:
SANTA MONICA:
1.7 MILES
7.2 MILES
10 MILES
10.3 MILES
11.7 MILES
11.7 MILES
11.9 MILES
12.2 MILES
16.1 MILES
MILES
4
MILES
6
MILES
8
MILES
10DRIVING
DISTANCES
FROM
PROPERTY
MILE
2
OVER 308 MILLION PEOPLE WITHIN 10-MILE RADIUS OF
CENTRALIZED INFILL LOCATION WILL REDUCE DELIVERY COSTS
EASY ACCESS TO MULTIPLE HIGHWAYS
OVER 54 MILLION MILLENNIALS WITHIN THAT 10-MILE RADIUS
Millennials make up more than half of consumers who buy online
Last Mile delivery accounts for 28% of total delivery costs
Very close to East Los Angeles Interchange, the busiest freeway interchange in the world
Proximity to population centers is crucial for optimized last mile delivery
&S A N T A
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Arts District
Civic Center
Historic
Core
LittleTokyo
Industrial District
FashionDistrict
SouthPark
FinancialDistrict
LA
RI V
ER
Chinatown
D I S T R I C T S O F
D O W N TO W NLO S A N G E L E S
* NOT TO SCALE - FOR DISCUSSION PURPOSE ONLY.
&S A N T A
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Brandon GillExecutive Director+1 213 629 [email protected] 01262330
Brandon BurnsExecutive Director+1 213 629 [email protected] 01194796
Jae YooExecutive Director+1 213 629 [email protected] 01503567
©2019 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 PROOPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.
&S A N T A
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