1701-1703 wilshire blvd, santa monica, ca 90403 · 2020. 10. 30. · the santa monica pier is a...
TRANSCRIPT
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1 7 0 1 - 1 7 0 3W I L S H I R E B L V DS A N T A M O N I C A
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MICHAEL PAKRAVANSenior Vice President & National Director
Retail Leasing
direct (310) 919-5737mobile (213) 219-3111
[email protected] No. 01706065 (CA)
DAVID MCNEVINAssociate
Leasing
direct (310) 579-9691mobile (714) 809-3439
[email protected] No. 02101634 (CA)
1 7 0 1 - 1 7 0 3W I L S H I R E B L V DS A N T A M O N I C A
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HIGHLIGHTS
• Rare Santa Monica retail opportunity on Wilshire Blvd
• Hard-corner of Wilshire and 17th St in Santa Monica
• Ample surface parking behind retail spaces
• Very high traffic counts along Wilshire Blvd with amazing signage opportunity
• Property surrounded by affluent residential with a dense residential population
DEMOGRAPHICSPOPULATION 1-MILE 3-MILE 5-MILE
2025 Projection 39,917 211,834 459,616
2020 Estimate 39,998 210,276 455,470
2010 Census 39,552 197,316 423,094
Growth 2010-2020 1.13% 6.57% 7.65%
HOUSEHOLDS 1-MILE 3-MILE 5-MILE
2025 Projection 20,555 103,892 212,855
2020 Estimate 20,630 103,373 211,354
2010 Census 20,589 98,347 198,756
Growth 2010-2020 0.20% 5.11% 6.34%
INCOME 1-MILE 3-MILE 5-MILE
2020 Avg. Household Income
$125,553 $134,016 $130,417
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CAR LOT
NAP
NW17
TH
ST
± 2
1,0
00
VP
D
W I L S H I R E B LV D± 4 5 , 0 0 0 V P D
AVAILABLE
1703 WILSHIRE BLVD$ 4.50 PSF + NNN
± 1 ,800 SF
Property Info
Site Plan
Financials
Area Overview
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SANTA MONICA, CA Santa Monica is a beachfront city in western Los Angeles County, California. Situated on Santa Monica Bay, it is bordered on three sides by the city of Los Angeles – Pacific Palisades to the north, Brentwood on the northeast, West Los Angeles on the east, Mar Vista on the southeast, and Venice on the south. Santa Monica has been famed as a resort town and has experienced a boom since the late 1980s through the revitalization of its downtown core, significant job growth and increased tourism. Some popular destinations continue to be The Santa Monica Pier and Pacific Park.
The Santa Monica Pier is a large double-jointed pier at the foot of Colorado Avenue in Santa Monica, California. With an iconic entrance, the pier is popular with residents and visitors as a landmark that is over 100 years old. What makes this Pier unique is the Family Amusement Park and state-of-the-art, solar paneled Ferris wheel.
The Pacific Park is an oceanfront amusement park located in Santa Monica, California. The park, located on the Santa Monica Pier, looks directly out on the Pacific Ocean, in the direction of Catalina Island. It is the only amusement park on the West Coast of the United States located on a pier and LA’s only admission-free park. There are a total of twelve rides in Pacific Park, including the world’s first and only solar-powered Ferris wheel that provides a view of the Pacific Ocean and a roller coaster that circles the majority of the park. In fact, this park has appeared in over 500 movies and television shows.
AREA OVERVIEW
42,2771-Mile Populat ion
23,8421-Mile Housholds
$93,0091-MileMedian HH Income
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SUBJECTPROPERTY
WILS
HIRE B
LVD
SANT
A MON
ICA BL
VD
MANH
ATTA
N AVE
SURROUNDING AREA MAP
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SANTA MONICA PLACE
SANTA MONICA PIER MUSCLE BEACH
DOWNTOWN SANTA MONICA
THIRD STREET PROMENADE
LO EWSHOT E L S
T H E
L O B S T E R
- R E D O R E S T A U R A N T S- T H E I V Y R E S T A U R A N T S- D E L F R I S C O S- F R I E S C O .- T A C O L I B R E
- L E M O N A D E- Z A R A- A N T H R O P O L O G I E- S W E E T G R E E N- E L E P H A N T E- J O H N N Y R O C K E T S
- T E S L A- R E I- S T A R B U C K S- L U L U L E M O N- PA T A G O N I A- A P P L E
- A L L S A I N T S- J O H N N Y W A S- T I F F A N Y & C O .- B O S S- L O U I S V U I T T O N- N O R D S T R O M
- B L O O M I N G D A L E S- P E L O T O N- N I K E
- P O S E I D O N PA D D L E & S U R F
- B R U N O ’ S R I S T O R A N T E I T A L I A N O
- C A S A M A R T I N- S U R F C I T Y T O U R S
- B I G D E A N ’ S O C E A N F R O N T C A F E
- S T A R B U C K S- H O T D O G O N A S T I C K J W M A R R I O T T
S A N TA M O N I C A
- Y E O L D E K I N G ’ S H E A D- W A T E R G R I L L- T H E G E O R G I A N- H I L O S A N G E L E S H O T E L- T H A I D I S H E S O N B R O A D W A Y
- S E F A N O ’ S P I Z Z A- T R A S T E V E R E- S U N G L A S S H U T- Z A R A- T H E M I S F I T R E S T A U R A N T & B A R
- B A R N E Y ’ S B E A N E R Y- W E W O R K- V O LT A G G I O S T R F S H- D I A L O G U E- A T H L E T A- M A D E W E L L
SUBJECTPROPERTY
- C O R A’ S C O F F E E S H O P- S E A V I E W H O T E L
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This Leasing Package contains select information pertaining to the business and affairs of 1701-1703 Wilshire Blvd, Santa Monica, CA 90403 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Leasing Package may not be all-inclusive or contain all of the information a prospective lessee may desire. The information contained in this Leasing Package is confidential and furnished solely for the purpose of a review by a prospective lessee of the Property. The material is based in part upon information supplied by the Owner. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Leasing Package or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective lessees should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to lease the Property and to terminate discussions with any person or entity reviewing this Leasing Package or making an offer to lease the Property unless and until a lease has been fully executed and delivered.
In no event shall a prospective lessee have any other claims against Owner or Matthews Real Estate Investment Services 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 of the Property.
This Leasing Package 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 Leasing Package.
CONFIDENTIALITY & DISCLAIMER STATEMENT
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1 7 0 1 - 1 7 0 3W I L S H I R E B L V DS A N T A M O N I C AMICHAEL PAKRAVAN
Senior Vice President & National DirectorRetail Leasing
direct (310) 919-5737mobile (213) 219-3111
[email protected] No. 01706065 (CA)
DAVID MCNEVINAssociate
Leasing
direct (310) 579-9691mobile (714) 809-3439
[email protected] No. 02101634 (CA)