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5,495 SF $13,000,000Purchase Price
Built 1985Complete Building Renovation 2008
WalkScore 95/100
One of the Best Neighborhoods
in Los AngelesAccelerating success.
Premier West HollywoodRetail & Office PropertyCan be Delivered Vacant or Investment
Contact us:
GREGORY TUSZYNSKIVice PresidentLic. 01028778
+1 213 532 [email protected]
FOR SALE | 8825-8827 BEVERLY BLVD., WEST HOLLYWOOD | CA
Colliers International865 S. Figueroa St | Suite 3500
Los Angeles, CA 90017+1 213 627 1214
colliers.com
04 Property Overview
Confidentiality Agreement
Market Overview08
10
EXCLUSIVELY LISTED BY:
Greg TurszynskiVice President | Lic. 01028778
+ 1 213 532 3244 | [email protected]
Table of Contents
Property Overview
FOR SALE | 8825-8827 BEVERLY BLVD., WEST HOLLYWOOD | CA
› $13,000,000.00 List Price.
› 5,495 SF Office / Retail building.
› 11 at-grade private parking stalls, 2/1000 ratio
› Private access and security doors
› Ideal for owner/user or investment
› There is a national credit tenant lease generating $30,000.00 per month NNN for 3,295 RSF.
› The Landlord has the right to terminate current lease
› Broker cooperation
› Building in perfect condition. Clean environmental.
› Originally built in 1985, complete renovation in 2008
› Award-winning interior finishes
› Interior skylights throughout
› ADA compliancy inc. two elevators
› Two half bathrooms
Property Details
Property Address 8825-8827 Beverly Blvd, Los Angeles, CA 90048
APN 4336-018-017
Building Size 5,495 RSF
Land Size 5,663 SF (0.13 Acres)
Zoning WDC2A
Frontage 75’ on Beverly Blvd
Occupancy 60% (Hästens), can be delivered vacant
Floor Plans
8827 Beverly Blvd
RETAIL/SHOWROOM
Ground FloorFront Elevation
Side Elevation
FOR SALE | 8825-8827 BEVERLY BLVD., WEST HOLLYWOOD | CA
Second Floor
Amenities
Restaurants1 Alfred Coffee
2 E.P. & L.P.
3 NORMS Restaurant
4 Urth Caffe Melrose
5 Zinque
6 Fig & Olive
7 Gracias Madre
8 Cecconi's
9 Laurel Hardware
10 Ysabel
11 The Ivy
12 Cantner's Deli
13 Catch LA
14 Saint Felix
15 Taste on Melrose
Market Overview
FOR SALE | 8825-8827 BEVERLY BLVD., WEST HOLLYWOOD | CA
Featuring abundant amenities, the Melrose District sits in one of the most central and popular areas in Los Angeles and is home to its famed namesake thoroughfare, Melrose Avenue. Adjacent to West Hollywood, the neighborhood is a shopper’s paradise that hosts an array of eclectic boutiques, hip cafes and upscale design centers. Melrose is often referred to as the intersection of posh and funky and gained fame on the popular television show, Melrose Place. Colorful storefronts, unusual architecture and a collection of shops that range from high-end to vintage make the area a favorite for locals and tourists alike. The Melrose Trading Post, a weekly market featuring a curated selection of handcrafted goods and antique furniture, provides community support to local artists and small businesses.
Situated in a prime, high-traffic location with vast options for work and play, the Melrose neighborhood falls within the greater Beverly Hills/West Hollywood/Park La Brea multifamily submarket and draws some of the highest rents in Los Angeles. This neighborhood appeals to residents with significantly higher education and income levels than the metro average. Limited vacancies in the area keep demand strong and its prestigious location provides an easy commute to numerous important business and employment hubs such as Hollywood, the Miracle Mile and Century City. An extension of the L.A. Metro Purple Line is currently under construction, which will give residents even greater accessibility and transportation options.
THE AREA
Shopping1 The Grove
2 Beverly Center
3 Beverly Connection
4 H&M
5 Wildfox
6 Fred Segal
7 DASH
8 Zadig & Voltaire
9 Trader Joes
10 Gelson's Market
Nightlife1 The Nice Guy
2 The Abbey
3 The Backroom
4 Skybar at Mondrian
5 The Phoenix
6 Above SIXTY
7 Blind Dragon
8 Bar 20 on Sunset
9 Bibo Ergo Sum
10 Kibitz Room
Entertainment1 Troubadour
2 The Comedy Store
3 Pacific Design Center
4 The Roxy Theatre
5 Soho House
Hotels1 Mondrian Los Angeles
2 Andaz West Hollywood
3 Sofitel Los Angeles
4 Four Seasons Hotel LA
5 SLS Hotel
Accelerating success.
Contact us:
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2017. All rights reserved.
GREGORY TUSZYNSKIVice PresidentLic. 01028778+1 213 532 [email protected]
This Offering Memorandum has been prepared by Colliers International (“Colliers”) and contains select information pertaining to the business and affairs of 8825-8827 Beverly Blvd in West Hollywood, California (“the Property”). This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by Colliers from sources it deems reliable. Owner, nor their officers, employees or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum, or any of its contents, and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
By acknowledging your receipt of this Offering Memorandum from Colliers, you agree:1. The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence;3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.
Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.
If you wish not to pursue negotiations leading to the acquisition of 8825-8827 Beverly Blvd, or if you should discontinue such negotiations in the future, then you agree to purge all materials relating to this Property including this Offering Memorandum.
A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.
This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.
Colliers International865 S. Figueroa St | Suite 3500Los Angeles, CA 90017+1 213 627 1214colliers.com