for sale or lease - loopnet · for sale or lease. creative complex on the walk of fame. the kress...

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For Sale or Lease Creative complex on the Walk of Fame The Kress Portfolio 6608, 6610 and 6622 ½ Hollywood Blvd Los Angeles, CA 90028 JLL is pleased to offer the Kress Portfolio, an extraordinary creative complex located on the world-famous “Walk of Fame” on Hollywood Boulevard. The buildings are uniquely positioned for a variety of uses, including creative office, retail, design, showroom, entertainment and event venue. Nicole Mihalka Managing Director +1 213 239 6076 nicole [email protected] License #01322414 Carl Muhlstein International Director +1 213 239 6055 carl [email protected] License #00595250 Hayley Blockley Managing Director +1 213 239 6054 hayley [email protected] License #01781682 Dana Vargas Vice President +1 213 239 6121 dana [email protected] License # 01943620

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Page 1: For Sale or Lease - LoopNet · For Sale or Lease. Creative complex on the Walk of Fame. The Kress Portfolio. 6608, 6610 and 6622 ½ Hollywood Blvd │Los Angeles, CA 90028. JLL is

For Sale or LeaseCreative complex on the Walk of FameThe Kress Portfolio6608, 6610 and 6622 ½ Hollywood Blvd │ Los Angeles, CA 90028

JLL is pleased to offer the Kress Portfolio, an extraordinary creative complex located on the world-famous “Walk of Fame” on Hollywood Boulevard. The buildings are uniquely positioned for a variety of uses, including creative office, retail, design, showroom, entertainment and event venue.

Nicole MihalkaManaging Director+1 213 239 [email protected] #01322414

Carl MuhlsteinInternational Director+1 213 239 [email protected] #00595250

Hayley BlockleyManaging Director+1 213 239 [email protected] #01781682

Dana VargasVice President+1 213 239 [email protected] # 01943620

Page 2: For Sale or Lease - LoopNet · For Sale or Lease. Creative complex on the Walk of Fame. The Kress Portfolio. 6608, 6610 and 6622 ½ Hollywood Blvd │Los Angeles, CA 90028. JLL is

Gated lot with 9 parking spaces

Portfolio Details

6608 Hollywood Boulevard• Art Deco building located at the signalized intersection of

Hollywood Boulevard and Whitley Avenue• ± 27,500 SF structure consisting of 3 levels and a basement,

plus an additional ± 4,660 SF of rooftop space• Basement: ± 5,900 SF• First Floor: ± 7,200 SF• Second Floor: ± 7,200 SF• Third Floor: ± 7,200 SF

• APN 5547-015-012

6610 Hollywood Boulevard• ± 20,000 SF of parking area for 80+ cars• To be sold with 6608 Hollywood or entire portfolio only• APN 5547-015-027

SALE PRICE: $19,500,000 ($709/SF of building)

6622 ½ Hollywood Boulevard• ± 9,000 SF two-story building • Parking for 18 cars (2 spaces per 1,000 SF)• APN 5547-015-028

SALE PRICE: $5,500,000 ($611/SF of building)

Total size of buildings: ± 36,500 SF

Total size of land: ± 35,390 SF

Portfolio sale price: $25,000,000 ($685/SF of building)

Asking rent: $3.95/SF/month NNN

Zoning: C4

Page 3: For Sale or Lease - LoopNet · For Sale or Lease. Creative complex on the Walk of Fame. The Kress Portfolio. 6608, 6610 and 6622 ½ Hollywood Blvd │Los Angeles, CA 90028. JLL is

Gated lot with 9 parking spaces

6610

6608

6622 ½

5 blocks to Hollywood & Vine

M Red Line

Walkscore of 97 – a “Walker’s Paradise”

Hollywood & Highland M Red Line

Page 4: For Sale or Lease - LoopNet · For Sale or Lease. Creative complex on the Walk of Fame. The Kress Portfolio. 6608, 6610 and 6622 ½ Hollywood Blvd │Los Angeles, CA 90028. JLL is

Area AmenitiesHOLLYWOOD &

HIGHLAND

CAFÉ/RESTAURANT/BAR33 Taps / Lost Property BarAPL RestaurantBlue Palms BrewhouseCaffe Etc.Dirty LaundryDunkin’ DonutsFarmer's KitchenGroundwork CoffeeKatsuya HollywoodKitchen 24Loteria GrillMiceli’sMusso & Frank'sPaleyPressed JuiceryRise N GrindRubies + DiamondsShake ShackStarbucks Stella Barra Stout Burgers & BeersSweetgreenSugarfishTAOTender GreensThe Hungry CatThe WellUmami BurgerWood & Vine

HOTELDream HotelHospital ClubKimpton HotelLoews Hollywood HotelMama ShelterThe RedburyThe Roosevelt HotelW Hollywood

HEALTH/BEAUTY/FITNESS24 Hour FitnessBar MethodBarry’s BootcampBliss Hollywood SpaBlo BarEquinoxFloyd's BarbershopLA Fitness

THEATERSArclight Theatre/Cinerama DomeDolby TheatreEgyptian TheatreFonda Theatre/Music BoxFord AmpitheaterGrauman's Chinese TheatreHollywood BowlPalladiumPantages Theatre

ENTERTAINMENT/NIGHTCLUBAvalonBoardner'sGood Times at Davey Wayne’sNo VacancyPlayhouseThe Sayers Club

OTHERAmoeba RecordsEmerson CollegeHollywood & Highland CenterK&L Wine MerchantsL.A. Film SchoolMusician's InstituteSAE InstituteTrader Joe'sUrban OutfittersWalgreens

NEW RESIDENTIAL/MIXED USEJefferson at HollywoodEastown & Southblock1600 VineSunset & Vine TowerProper ResidencesChampion@CherokeeThe CamdenDeluxe Hollywood

HOLLYWOOD BOWL

CAPITOL RECORDS BUILDING

CROSSROADS DEVELOPMENT

MAMA SHELTER

DREAM HOTEL / TAO

W HOTEL

MUSSO & FRANK’S

Page 5: For Sale or Lease - LoopNet · For Sale or Lease. Creative complex on the Walk of Fame. The Kress Portfolio. 6608, 6610 and 6622 ½ Hollywood Blvd │Los Angeles, CA 90028. JLL is

Jones Lang LaSalle Brokerage, Inc. License #01856260. Copyright © Jones Lang LaSalle IP, Inc. 2018 All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

Over the past several years, Hollywood has experienced a tremendous renaissance, with over $5 Billion of development within 1 mile of The Kress. The Property is strategically located on Hollywood Boulevard between the intersections of Highland Avenue and Vine Street, just steps from the hottest destination retail, restaurants, nightclubs, entertainment venues, studios, production facilities, and residences in Los Angeles.

Neighboring amenities include Trader Joe’s, APL Restaurant, Pantages Theatre, Musso & Frank’s, the W Hotel, The Dream Hotel / TAO, Katsuya, Loews Hollywood Hotel, The Dolby Theatre, The Hollywood Bowl, The Arclight Theater, Zara, Mama Shelter, Dirty Laundry, Rise N Grind, No Vacancy, Shake Shack, The Hospital Club, Loteria Grill and the El Capitan Theater. Over 15 million tourists visit the Hollywood Walk of Fame every year and ±60,000 cars drive by The Property each day, resulting in exceptional visibility.

Join Viacom, Fender, NeueHouse, Netflix and LiveNation in the center of the city!

Area Overview

Nicole MihalkaManaging Director+1 213 239 [email protected] #01322414

Carl MuhlsteinInternational Director+1 213 239 [email protected] #00595250

Hayley BlockleyManaging Director+1 213 239 [email protected] #01781682

Dana VargasVice President+1 213 239 [email protected] # 01943620