S A N T E F

E

GILL | BURNS | YOO

FOR SALE1515 SOUTH SANTA FE AVE • LOS ANGELES • CA 90021

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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

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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.

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Brandon GillExecutive Director+1 213 629 6528brandon.gill@cushwake.comDRE 01262330

Brandon BurnsExecutive Director+1 213 629 6541brandon.burns@cushwake.comDRE 01194796

Jae YooExecutive Director+1 213 629 6551jae.yoo@cushwake.comDRE 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.

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