subject - loopnet...the economy of the city of los angeles is highly diversified, with strong...
TRANSCRIPT
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For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
S u b j e c tS u b j e c tS u b j e c t
8 6 35Wilshire BoulevardB e v e r l y H i l l s , C a l i f o r n i a
R e s t a u r a n t S p a c e f o r L e a s eA v a i l a b l e I m m e d i a t e l y
For More Information Contact: Andrew Cohen 310.402.0211 | [email protected]
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Century City
Downtown Beverly Hills
Wilshire Boulevard± 44,600 ADT
Wilshire-Carson Medical Building(52,000 SF Medical O�ces)
8 6 35Wilshire Boulevard
Gardenhouse Beverly Hills18 Residences
Blu Beverly Hills37 Residences
Leasing AgentAndrew CohenSenior Associate - [email protected] 310.402.0211LIC # 01996379 (CA)
Content3The Space
6The Market Area
7The Location
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3For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
The Space
Address SF Type Rate/SF Term Availability Delivery
8635 Wilshire BoulevardBeverly Hills, CA 6,611 Restaurant Negotiable Negotiable Immediate Negotiable
Space Available for Lease
Address 8635 Wilshire BoulevardBeverly Hills, CA 90211
Assessor’s Parcel Number (APN) 4334-014-042
Zoning C3
Gross Leasable Area ± 6,611 SF
Lot Size ± 0.3 Acres (12,767 SF)
Year Built / Renovated 1933 / 2015
Frontage 102’ on Wilshire Boulevard124’ on Carson Road
Building & Site Profile
Property Highlights• Existing restaurant space with improved kitchen featuring multiple hoods and
entrances
• Rare, dedicated surface parking (± 20 spaces)
• Potential for more than one concept
• Unparalleled visibility with huge daily traffic counts in excess of 50,000 ADT
• Landlord to sign new lease
• Type 47 liquor license available for purchase
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Pegasus4
Wilshire-Carson Medical Building(52,000 SF Medical O�ces)
8 6 35Wilshire Boulevard
Gardenhouse Beverly Hills18 Residences
Medical Center
Sunset Strip
Blu Beverly Hills37 Residences
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5For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
8 6 35Wilshire Boulevard
MiracleMile
Blu Beverly Hills37 Residences
Daytime Employee Population
70,0001-Mile
275,0003-Mile
625,0005-Mile
Location Highlights• On main thoroughfare connecting many neighboring areas with Beverly Hills
• Median home sale price in November 2018 in Beverly Hills was $2,635,000 (Source: Trulia)
• 5-mile radius population nearly 1,000,000 and over 20,000 households within a 1-mile radius
• Directly across the street from brand new GardenHouse residential development
• Adjacent to Blu Beverly Hills apartment high-rise featuring 37 luxury units
• Beverly Hills is the most renowned, wealthy and prestigious city in the country
Population 1-Mile 3-Mile 5-Mile
2018 Estimate 44,716 315,956 915,571
Growth 2010 - 2018 5.82% 5.37% 6.72%
Households 1-Mile 3-Mile 5-Mile
2018 Estimate 22,104 147,949 392,644
Growth 2010 - 2018 4.87% 4.28% 5.77%
Income 1-Mile 3-Mile 5-Mile
2018 Est. Average Household Income $116,843 $111,334 $92,915
Property Demographics
5For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
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Pegasus6
Los Angeles, CaliforniaAs California’s liveliest and largest metropolis and the entertainment capital of America, Los Angeles has long been known as a city of dreams. The City of Angels is the second largest city in the United States and has been designated an Alpha world city. Located on Southern California’s Pacific coast, it is the main hub of the Southern California region with legendary Hollywood northwest of downtown, the San Fernando Valley to the east, and the inviting beaches of Santa Monica and Malibu to the west.
The economy of the city of Los Angeles is highly diversified, with strong sectors in services, wholesale and retail trade, manufacturing, government, financial service industries, transportation, utilities, and construction. The entertainment and tourism industries also contribute significantly to the economy. The trade volume of its busy port is the highest in the nation and one of the highest in the world.
The Market Area
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7For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected]
Surrounded by the cities of Los Angeles, West Hollywood, Santa Monica and Culver City, Beverly Hills is a world-class community that offers an extraordinary environment, activities and events. The city is known internationally for its alluring and distinctive hotels, retail stores, restaurants, and entertainment and headquarter businesses. Within its 5.7 square mile radius, Beverly Hills has approximately 34,000 residents with a business and commercial base that ranks next to cities with a population of several hundred thousand.
Committed to being the safest city in America, Beverly Hills offers the highest quality of life achievable and maintains a unique and friendly character for residents, visitors, and neighbors alike.
Beverly Hills, California
World renowned for its exclusive, high-end stores and retail experiences, Beverly Hills has long been an iconic destination for serious shoppers. Fashion houses line the easily walkable Rodeo Drive, from Prada, Gucci, and Dior to Cartier, Balenciaga, and Chanel. Branching off of this palm-lined main drag is Two Rodeo Drive, the crown jewel in the heart of Beverly Hills. Quaint cobblestone walkways lead shoppers to more fashion houses, including Versace, Jimmy Choo and Tiffany & Co.
Rodeo Drive
The Location
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Pegasus8
The first U.S. residential project designed by the world-acclaimed MAD Architects, GardenHouse is a collection of 18 avantgarde and modern residences in Beverly Hills. GardenHouse’s concept is inspired by the idea of a “modern-day village” and brings inventive and contemporary vision to the West Coast. Combining aesthetic natural landscape and efficient urban functionality, Gardenhouse features innovative designs such as a central, open air atrium encompassing canopy trees and a reflective pool, expansive gallery walls to showcase the residents’ personal tastes, and luxury interior amenities such as heated floors and Japanese style onsen wet rooms.
Gardenhouse Beverly Hills
Remodeled in 2007, Blu Beverly Hills is a sophisticated, sleek high-rise apartment building adjacent to the available space. The building is the only high-rise apartment building in Beverly Hills, and it is one that truly embodies the city in which it resides. Offering elegant apartment living in an excellent location, Blu features 37 one- and two-bedroom units on its 11 floors. Each apartment is equipped with gourmet appliances and in-unit washers and dryers providing the ultimate comfort. Community amenities include a Wi-Fi equipped media room, a rooftop lounge with barbecue grills, a fitness center with an on-site personal trainer, dog walking, housekeeping, a 24-hour concierge service and 24-hour valet parking.
Blu Beverly Hills
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CONFIDENTIALITY & DISCLAIMER STATEMENTThe information contained in this Leasing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Pegasus Investments and should not be made available to any other person or entity without the written consent of Pegasus Investments. This Leasing Package 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. Pegasus Investments has not made any investigation, and makes no warranty or representation, with respect to the income or 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 physical condition of the improvements thereon, or the financial condition of the business prospects of any tenants, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this Leasing Package has been obtained from sources we believe to be reliable; however, Pegasus Investments has not verified, and will not verify, any of the information contained herein, nor has Pegasus Investments conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Some or all of the photographs contained within may have been altered from their original format. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Leasing AgentAndrew CohenSenior Associate - [email protected] 310.402.0211LIC # 01996379 (CA)
R e s t a u r a n t S p a c e f o r L e a s e
8 6 35Wilshire BoulevardB e v e r l y H i l l s , C a l i f o r n i a
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Pegasus
ABOUT PEGASUSPegasus is a boutique commercial real estate investment and advisory firm based in Los Angeles, California. Specializing in retail shopping centers, single tenant net leased and multifamily properties throughout the United States, Pegasus has consistently delivered on its 30 year reputation of providing high quality, white glove service throughout all stages of the investment sales process. Pegasus provides its clients, which include high net worth private investors, family trusts, private & public REITs, local and regional developers and syndicators with advisory services encompassing underwriting, market research, investment sales and asset management. Pegasus continues to set the bar for high quality, boutique investment sales brokerage and advisory by relying on its industry-leading talent which include experienced institutional and private sector investors.
DAVID CHASINManaging [email protected] 310.691.1350 x 101LIC # 01513027 (CA)
DAYLIN ACKERMANVice [email protected] 310.691.1350 x 114LIC # 02011508 (CA)
TONY VEILLERSenior [email protected] 310.691.1350 x 113LIC # 01995952 (CA)
KEN [email protected] 310.691.1350 x 100LIC # 00776468 (CA)
1901 Avenue of the Stars, Suite 630Los Angeles, CA 90067
www.pegasusinvestments.com310.691.1350
BRAD KRITZERManaging [email protected] 310.691.1350 x 106LIC # 01918111 (CA)
KEVIN SHELBURNSenior Vice [email protected] 310.691.1350 x 105LIC # 01861409 (CA)
TREVOR NELSONManaging [email protected] 310.691.1350 x 104LIC # 01495150 (CA)
STEPHEN APFELSenior [email protected] 310.691.1350 x 119LIC # 02076409 (CA)
KATHERINE WEAVERVice [email protected] 310.691.1350 x 115LIC # 02004937 (CA)
TALIA TONTIOffice [email protected] 310.691.1350 x 108
ANDI BUSTAMANTEHead of [email protected] 310.691.1350 x 116
SETH BELLManaging [email protected] 310.961.2002
JUSTIN HERMANAsset [email protected] 310.691.1350 x 151LIC # 02038667 (CA)
JONATHAN KHOURYPortfolio [email protected] 310.691.1350 x 152LIC # 01957203 (CA)
CHAD BUELOWManaging [email protected] 310.691.1350 x 111LIC # 01854509 (CA)
TYLER JOHNSONVice [email protected] 310.691.1350 x 112LIC # 01947197 (CA)
JACK [email protected] 310.691.1350 x 117LIC # 02056168 (CA)
PEGASUS INVESTMENTS REAL ESTATE ADVISORYLIC # 01961545
PEGASUS ASSET MANAGEMENTLIC # 01961545
NOAH ZGRABLICHJunior Asset [email protected] 310.691.1350 x 153
PEGASUS CAPITAL MARKETSLIC # 01950432
MICHAEL SPECTORDirector of Sales & [email protected] 310.691.1350 x 109LIC # 01969966 (CA)
ANDREW COHENSenior Associate - [email protected] 310.402.0211LIC # 01996379 (CA)
TYLER COLDWELLDevelopment [email protected] 310.691.1350 x 155
JASMINE GUOMarketing [email protected] 310.691.1350 x 121