size: 1,064 sf urban retail opportunity · centrally locked within the heartbeat of the venice...
TRANSCRIPT
jllretail.com
Urban Retail OpportunitySi
ze: 1
,064
SF
VENICE, CA9 0 7 P A C I F I C A V E .
the property9 0 7 P A C I F I C A V E . | V E N I C E | C A
Rent: $5,500/month + NNN
(approximately $425/month)
Size: 819 SF Ground + 245 Mezannine
(approximately 1,064 SF total)
Parking: Dedicated private lot across the street
Co-tenants: General Ami52ion, Svelte Barbershop,
Maria Greenshields-Ziman
Property Highlights: Close proximity to Abbot Kinney Blvd. shopping, Rose Ave., Main St., and the Venice Boardwalk
The walkability of the Venice streets with its café lined colorful shops and vibrant graffiti painted storefronts has been a draw for native Los Angeles residents as well as millions of tourists each year. With a population size of 30,544 people, the beach town urban oasis of Venice is the home to just under 6,000 families. Boasting an average household income of $136,850, 83% of this creative and artistic city is primarily composed of white collar professionals.
Since the 2010s, however, the proximity of tech giants
such as Google, Spotify, Netflix, and SpaceX in this general region renamed “Silicon Beach” has caused gentrification and upward pressure on rents. International brands seeking maximum exposure in the chicly hip shopping corridor in Venice known as Abbot Kinney Boulevard, Main Street and Rose Street so that they can be included in haute influencers’ social media feeds.
C A L I F O R N I A
venice
D E M O G R A P H I C S
area profile
30,554
24,090
1,284,659
$88,846,004
$136,850
Populat ion
Dayt ime Populat ion
Median Home Value
Spending on food away from home (annual)
Avg. Household Income
Centrally locked within the heartbeat of the Venice retail scene, our property is rimmed by the Venice Boardwalk to the west, Main Street and Rose Avenue to the north, and Abbot Kinney Boulevard immediately to the east. Referred to as the “coolest street in America” by GQ, Huffington Post, as well as Forbes, Abbot Kinney Blvd. is an urban mixture of international and Los Angeles native brands with hipster brand recognition and mass youth appeal.
Abbot Kinney and Rose Avenue lead the way in California
cuisine culture with thousands of locals and tourists each week sampling the wide array of epicurean options. Vegan restaurant Plant Food + Wine, small plate veggie haven Gjelina, and cocktail favorite The Tasting Kitchen all located on Abbot Kinney Boulevard are amongst Southern California’s most lauded restaurants. Tech giant Google moved an office immediately south of Rose Avenue in 2011, bringing high paying employees willing to spend more on higher quality offerings.
1 , 0 6 4 S Q U A R E F E E T
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.5
Venice Beach Board Walk
The Heart of TopRetail Destinations
PROPERTY
co
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ct
us
GREG BRIESTJLL Americas RetailLic #01949565+1 310 595 [email protected]
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2018. Jones Lang LaSalle. All rights reserved.