801 w. 7 streetd2oqb2vjj999su.cloudfront.net/users/000/076/386/753...801 w 7th street los angeles,...

Los Angeles, CA 90017 801 W. 7TH STREET

PRIME RETAIL INVESTMENT OPPORTUNITY

IN THE CENTRAL BUSINESS DISTRICT

everything’s nearby


EXCLUSIVE AGENTS

CHRISTOPHER D. BECKManaging DirectorCA RE License #[email protected]

GIBRAN BEGUMManaging DirectorCA RE License #[email protected]

HANK ELDERManaging DirectorCA RE License #[email protected]

Corporate CA RE License # 01355491

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

U N I Q U E SA L E OPPO RT U N I T Y

• Prime corner Downtown location set in the heart of 7th Street’s “Restaurant Row”

• A rare retail acquisition opportunity within the Central Business District (CBD) “Creative Corridor”

• Walking distance to office space, apartment units, hotels, Metro Rail (Red, Purple, Blue and Expo Lines) and shopping amenities

• More than $1 Billion in commercial redevelopment within 1 block of the subject

SELECTION OF CURRENT TENANTS• The Coffee Bean & Tea Leaf is an

American coffee chain founded in 1963.

• The Flame Broiler is a chain of restaurants serving healthy fast food.

801 W 7th Street


EXCLUSIVE AGENTS






BU I L D I N G S U M M A RY

APN: 5144-008-009

Size: Approx. +/- 12,749 SF* (includes basement)

Land: +/- 7,378 SF of land*

Year Built : 1950

Price: Submit offer *Per Los Angeles county records. Buyer to confirm.

Also known as 659 S. Flower, the subject is located within the very heart of Downtown L.A.’s Business District just miles from the Staples Center, L.A. LIVE, and the Los Angeles Convention Center.


Map courtesy of Cartifact Inc.

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801 W 7th Street

Fig at 7th

Mall with big-box & smaller retail shops and eateries. $40 million renovation.

Wilshire Grand• Wilshire Grand New (Ground-up) Development (Hotel & Office, expected completion: 2Q17)

Restaurant Row

Restaurant Row along 7th Street between Figueroa and Olive serves up a wide range of cuisine. • Bottega Louie • Sugarfish • Q Sushi • Soi. 7 • Wokano

Wholefoods to open Nov. 2015

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The Bloc

The historic DTLA. building formerly known as Macy’s Plaza is undergoing a $160-million transformation into a modern, pedestrian-friendly destination. 4


EXCLUSIVE AGENTS






S U R RO U N D I N G A R E A

INTERSTATE

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Demographics

• 500,000+ Employees Work Downtown • 10,000,000+ Visitors Per Year • Over 53,000 Residents

Snapshot of the Area

• 31,666,334 million SF Office Space (Class A & B) - Additional 356,140 SF Under Construction (Wilshire Grand) • 33,776 Residential Units - 7,408 Residential Units Under Construction • 7,961 Hotel Rooms - 900 Rooms Under Construction (Wilshire Grand)

Metro Red/Purple/Blue/Expo Lines

• Combined Monthly Boardings (Dec. 2014): 7,252,970 Riders

(Source: Newmark Grubb Knight Frank Research Dept., CoStar, DCBID, LA Metro)


EXCLUSIVE AGENTS






D OW N TOW N L . A . BY T H E N U M B E RS


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