silicon beach creative office for sale · 2018. 11. 6. · the strand offices at playa del rey is a...
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THE STRANDOFFICES
AT PLAYA DEL REY
AT PLA YA DEL REY
THE STRANDOFFICES
AT PLAYA DEL REY
Orange: Warm Red UGrey: 425 U
THE STRAND OFFICES | 311 – 315 Culver Blvd., Playa del Rey, CA 90293, United States
SILICON BEACH CREATIVE OFFICE
FOR SALEOFFERING MEMORANDUM
The Strand Offices at Playa del Rey is a newly constructed, boutique office compound, extremely well located near the 105/90/405 freeways, and mere minutes from LAX and Manhattan Beach. This gated development offers a rare opportunity for modern design and construction, sustainability, access and a coastal business lifestyle.
The walkable community of Playa del Rey offers an array of restaurants, gastropubs, bars, grocery, fitness and service retail, in addition to easy access to the bike path along the beach.
This creative office compound presents an exceptional investment or owner-user opportunity. The property features ample on-site parking behind mahogany remote-controlled gates, high ceilings, openable windows, Fleetwood-style sliding doors to decks on each floor, and sustainable features throughout.
Asking price: $12,950,000
OFFERING SUMMARYNewly Constructed, Class A Creative Office Compound 3 Blocks from Beach in Playa del Rey
PHOTO GALLERY
INVESTMENT HIGHLIGHTS$12,950,000 – 4% Cap Rate – New Construction – Class A
• 10,000 Square Feet on .23 acres
• Exceptional location close to freeways, beach, high-end neighborhoods, LAX
• Expansive Views of Ballona Wetlands and Marina del Rey
• Private, secured building access and on-site parking (30 tandem spaces) accessed through responsibly-forested Mahogany remote-controlled gates
• 4 EV Charging Stations + Lockable Bike Parking
• Dual Glazed Operable Windows with Solar Glazing Throughout
• 10’8” and 11’6” Ceiling Heights on Second and Third Floors, respectively
• Outdoor Decks and Fleetwood-style Doors
• 2 Elevators (1 per building)
• LED Lighting Installed Throughout, Including Parking Area
• Formaldehyde and Dye-Free Insulation Used Throughout; LEED-Certified Steel Foundation PIles
• Fiber-Optics and COAX Installed to Property
• 600 AMP, 3 Phase Electrical System
• Base System and Roof Supports in Place for 50-Panel Solar System on Each Building
• Buildings Pre-Wired with Cat6 Cabling and Associated Network Parts
• 2 ADA-Compliant Restrooms on Each Floor (both buildings) + Kitchenettes with Fisher-Paykel SS Drawer Dishwashers and SS Refrigerators (311)
• 9-Camera Security System in place with DVR; pre-wired for 16 camera security system for each building.
Vist
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el M
ar
Vista Del Mar
Del Rey Lagoon
Pershing DrLAXPershing Dr
Culver Blvd
Culver B
lvd
90 FWY
Man
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The Tripel
G’s Juice
Szechwan PalaceInn at Playa Del Rey
Good Morning Vietnam
Clean
SanduneMarket
MS Vintage
Señor G’s
Gordon’s Market
Prince O’Whales
CafféPinguini
Bacari PDRThe Shack
Playa ProvisionsBeach
Tanner’s Coffee Co.
Mo’s Plac
e
Cantali
ni’s
Café M
ilanUS Post O
ffice
Boards, Art, Apparel
Nearby Tenants
AREA OVERVIEW
PROPERTY DATA
Product Type: Office
Construction: Steel/Wood/Concrete
Building Area: 10,000 SF*
Price: $12,950,000
Stories: 3
Price PSF: $1,350
Zoning: C4
Leased: 100% Currently
Lease Type: NNN
Lease Term: Call for Info / Rent Roll
Current Annual Net Income: $540,000
APN: 4116-009-055 / 4116-009-056
Ownership: Fee Simple
Parking: 30 Surface
Land Area: Approx. 100’x100’; 10,000 SF; .23 AC
*Buyer to verify
THE STRANDOFFICES
AT PLAYA DEL REY
AT PLA YA DEL REY
THE STRANDOFFICES
AT PLAYA DEL REY
Orange: Warm Red UGrey: 425 U
Drone photo by Masek Imaging
Property Address: 12901 W. Jefferson Blvd.
Submarket: Playa Vista
Sale Price: $45,000,450
$/SF: $1,378
SF: 32,638
Built: 1969
Sale Date: 1/19/2017
MARKET COMPARABLESSold Commercial Properties
Property Address: 910 Abbot Kinney Blvd.
Submarket: Venice
Sale Price: $25,000,000
$/SF: $2,647
SF: 9,442
Built: 1948/Renovated 2010, 2015
Sale Date: August, 2018
Property Address: 123 Washington Blvd.
Submarket: Marina del Rey
Sale Price: $8,400,084
$/SF: $2,189
SF: 3,836
Built: 1928
Sale Date: 8/5/2016
Property Address: 535 Victoria Ave.
Submarket: Venice
Sale Price: $8,600,000
$/SF: $2,559
SF: 3,360
Built: 1954
Sale Date: 1/4/17
MARKET COMPARABLESSold Commercial Properties
Property Address: 901 Abbot Kinney Blvd.
Submarket: Venice
Sale Price: $23,000,000
$/SF: $1,611
SF: 14,275
Built: 1912
Sale Date: 1/1/15
Property Address: 2124 Zeno Place
Submarket: Venice
Sale Price: $8,600,000
$/SF: $2,243
SF: 3,835
Built: 1954
Sale Date: 1/4/17
MARKET COMPARABLESSold Commercial Properties
MARKET COMPARABLESSold Commercial Properties
Property Address: 4363 Lincoln Blvd.
Submarket: Marina Del Rey
Sale Price: $8,318,344
$/SF: $1,664
SF: 5,000
Built: 1951
Sale Date: 11/7/17
CONTACT
THE STRANDOFFICES
AT PLAYA DEL REY
AT PLA YA DEL REY
THE STRANDOFFICES
AT PLAYA DEL REY
Orange: Warm Red UGrey: 425 U
311-315 Culver Blvd., Playa del Rey, CA 90293 www.TheStrandOffices.com
CONTACT INFO:Kim Macy / Cove Spring Partners LP Phone: Phone: 310-577-5871 x 222Email: [email protected]
Interior and exterior photos by Hunter Kerhart
Disclaimer: This document has been prepared by Cove Spring Partners LP for marketing and general information purposes only. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Cove Spring Partners LP disclaims any liability arising from or relating to inaccurate or incomplete information.