910 - 916 s. barrington avenue los angeles, ca 90049 ...€¦ · compartes chocolatier, inc...
TRANSCRIPT
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OFFICE/RETAIL IN THE HEART OF BRENTWOOD
GREG ECKHARDT310.395.2663 [email protected]# 01255469
FOR SALE910 - 916 S. BARRINGTON AVENUE • Los Angeles, CA 90049
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PROPERTY
CHARACTERISTICS
All information furnished is from sources deemed reliable and which we believe to be correct, but no representation or guarantee is given as to its accuracy and is subject to errors and omissions. All measurements are approximate and have not been verified by Broker. You are advised to conduct an independent investigation to verify all information.www.parcommercial.com
GREG ECKHARDT310.395.2663 [email protected]# 01255469
BuiLding Public records show the subject building was built in 1965 and is approximately 4,432 square feet. Future potential to occupy both retail and office space
Land area & Zoning The subject consists of one (1) parcel (4265-006-004) totaling approximately 4,577 square feet with a zoning designation of LAC1.5
Site Located on South Barrington Avenue near the corner of San Vicente Boulevard with approximately 33,000 cars passing per day
Location 910 - 916 S. Barrington Avenue, Los Angeles, CA 90049
Parking Currently configured with five (5) parking spaces plus one handicapped space
aSking Price $6,795,000.00
entire Second FLoor to Be deLivered vacant
Address Tenant Square Footage
Monthly Base Rent
Rent/SF
Lease Type
Lease Term Options
910 South Barrington Rudolf Tretyak - Valentina Tailoring
914 $4,400 $4.81 MG month to month
No options to extend*
912 South Barrington Compartes Chocolatier, Inc (Retail)
1,202 $5,500 $4.58 MG 12/21/2019 No options to extend
914 - 916 SouthBarrington (2nd floor)
Compartes Chocolatier, Inc (Offices)
2,316 $5,000 $2.37 MG 6/30/2019 No options to extend
TOTAL: 4,432 $15,400 *910 can be vacated with 60 days notice
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All information furnished is from sources deemed reliable and which we believe to be correct, but no representation or guarantee is given as to its accuracy and is subject to errors and omissions. All measurements are approximate and have not been verified by Broker. You are advised to conduct an independent investigation to verify all information.www.parcommercial.com
FLOOR
PLAN
GREG ECKHARDT310.395.2663 [email protected]# 01255469
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All information furnished is from sources deemed reliable and which we believe to be correct, but no representation or guarantee is given as to its accuracy and is subject to errors and omissions. All measurements are approximate and have not been verified by Broker. You are advised to conduct an independent investigation to verify all information.www.parcommercial.com
FLOOR
PLAN
GREG ECKHARDT310.395.2663 [email protected]# 01255469
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All information furnished is from sources deemed reliable and which we believe to be correct, but no representation or guarantee is given as to its accuracy and is subject to errors and omissions. All measurements are approximate and have not been verified by Broker. You are advised to conduct an independent investigation to verify all information.www.parcommercial.com
GREG ECKHARDT310.395.2663 [email protected]# 01255469
PAR Commercial Brokerage is pleased to present 910 - 916 South Barrington Avenue. This investment features an excellent location situated in the heart of Brentwood.
The subject property is located near the corner of South Barrington Avenue & San Vicente Boulevard in the city of Los Angeles. The property has tremendous access, visibility and signage with an average of 33,000 cars per day and is close to the San Diego (405) Freeway and the Santa Monica (I-10) Freeway. It is in close proximity to Westwood Village, UCLA, Westwood Medical Plaza, The Armand Hammer Museum, Geffen Playhouse, UCLA Center for Performing Arts and the Fowler Museum of Cultural History. The strong retail trade area the property is located within testifies to the strength and viability of this particular location.
In addition to the strategic location of the property, the demographic profile of the surrounding areas gives the underlying real estate a strong intrinsic value. Located in close proximity to the subject property are the cities of Westwood to the northeast, Santa Monica to the southwest and Century City to the east. These cities are some of the most affluent areas of Southern California providing the retailers an immediate trade area in which the average annul household income within a 3 mile radius of the subject property is $114,412. This strong income level provides significant discretionary income and spending power to support the tenants far into the future.
910 - 916 South Barrington avenue
Brentwood Offers Everything: Restaurants, boutiques & Old World architecture, nestled in the safety of the posh West Side!
INVESTMENT
SUMMARY
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All information furnished is from sources deemed reliable and which we believe to be correct, but no representation or guarantee is given as to its accuracy and is subject to errors and omissions. All measurements are approximate and have not been verified by Broker. You are advised to conduct an independent investigation to verify all information.www.parcommercial.com
GREG ECKHARDT310.395.2663 [email protected]# 01255469
AERIAL
MAPS
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All information furnished is from sources deemed reliable and which we believe to be correct, but no representation or guarantee is given as to its accuracy and is subject to errors and omissions. All measurements are approximate and have not been verified by Broker. You are advised to conduct an independent investigation to verify all information.www.parcommercial.com
DEMOGRAPHICS
1-MILE RADIUS 3-MILE RADIUS 5-MILE RADIUSPOPULATION2023 Projected Population 43,138 241,879 543,6152018 Estimated Population 41,876 236,214 531,1242010 Census Population 37,622 219,306 495,346Growth 2018-2023 3.01% 2.40% 2.35%Growth 2010-2018 11.31% 7.71% 7.22%2018 ESTIMATED HOUSEHOLD INCOME $50,000 +$50,000-$74,999 14.43% 12.86% 13.37%$75,000-$99,000 13.35% 10.64% 11.37%$100,000 + 45.06% 46.24% 45.37%TOTAL 72.84% 69.74% 70.11%2018 Estimated Average HH Income $117,634 $123,721 $123,2302018 Estimated Households 21,573 106,999 242,449
Within 1 Mile
GREG ECKHARDT310.395.2663 [email protected]# 01255469
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All information furnished is from sources deemed reliable and which we believe to be correct, but no representation or guarantee is given as to its accuracy and is subject to errors and omissions. All measurements are approximate and have not been verified by Broker. You are advised to conduct an independent investigation to verify all information.www.parcommercial.com
AREA
MAP
GREG ECKHARDT310.395.2663 [email protected]# 01255469
910 - 916 SouthBarrington
• Freestanding building
• Heavy traffic counts in high income area
• Neighbors include Tavern, Drybar, Coral Tree Cafe, Chin Chin, Starbucks, Whole Foods Market, SusieCakes, Katsuya and many more
• Alley corner with great signage
• Large patio