ROBERTSON - LoopNet

ROBERTSONROBERTSON

P R I M EP R I M ER O B E R T S O NR O B E R T S O N

R E TA I LR E TA I LI N V E S T M E N TI N V E S T M E N T

O P P O R T U N I T YO P P O R T U N I T Y

D I S C L A I M E R & CO N F I D E N T I A L I T Y AG R E E M E N TT h i s c o n f i d e n t i a l i n v e s t m e n t b r o c h u r e h a s b e e n p r e p a r e d s o l e l y f o r i n f o r m a t i o n a l p u r p o s e s a n d d o e s n o t c o n s t i t u t e a l l o r a n y p a r t o f a n o f f e r o r c o n t r a c t . I t i s d e s i g n e d t o a s s i s t a p o t e n t i a l i n v e s t o r i n d e t e r -m i n i n g w h e t h e r t o p r o c e e d w i t h a n i n - d e p t h i n v e s t i g a t i o n o f t h e s u b j e c tp r o p e r t y. T h i s i n v e s t m e n t b r o c h u r e w a s p r e p a r e d b y D e m b o R e a l t y a n dh a s b e e n r e v i e w e d b y r e p r e s e n t a t i v e s o f t h e O w n e r. I t c o n t a i n s s e l e c ti n f o r m a t i o n p e r t a i n i n g t o 1 4 2 S . R o b e r t s o n B o u l e v a r d , L o s A n g e l e s , C Aa n d d o e s n o t p u r p o r t t o b e a l l i n c l u s i v e o r t o c o n t a i n a l l o f t h e i n f o r m a -t i o n w h i c h p r o s p e c t i v e p u r c h a s e r s m a y d e s i r e . I t s h o u l d b e n o t e d t h a ta l l f i n a n c i a l p r o j e c t i o n s a r e p r o v i d e d f o r g e n e r a l r e f e r e n c e p u r p o s e s ,t h a t t h e y a r e b a s e d u p o n a s s u m p t i o n s r e l a t i n g t o t h e g e n e r a l e c o n o m ya n d o t h e r f a c t o r s b e y o n d t h e c o n t r o l o f O w n e r, a n d a r e t h e r e f o r e ,s u b j e c t t o m a t e r i a l v a r i a t i o n . A d d i t i o n a l i n f o r m a t i o n a n d a n o p p o r t u n i t yt o i n s p e c t t h e p r o p e r t y w i l l b e m a d e a v a i l a b l e t o q u a l i f i e d p r o s p e c t i v e -p u r c h a s e r s . N e i t h e r t h e O w n e r, n o r D e m b o R e a l t y , n o r a n y o f t h e i rr e s p e c t i v e o f f i c e r s , m a k e a n y r e p r e s e n t a t i o n o r w a r r a n t y, e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o r c o m p l e t e n e s s o f t h i s i n v e s t m e n t b r o c h u r eo r a n y o f i t s c o n t e n t s , a n d n o l e g a l c o m m i t m e n t s o r o b l i g a t i o n s s h a l la r i s e b y r e a s o n o f t h i s b r o c h u r e o r i t s c o n t e n t s . C e r t a i n d o c u m e n t s i nt h i s i n v e s t m e n t b r o c h u r e a r e d e s c r i b e d i n s u m m a r y f o r m . T h e s u m m a r i e sd o n o t p u r p o r t t o b e c o m p l e t e n o r n e c e s s a r i l y a c c u r a t e d e s c r i p t i o n s o ft h e f u l l a g r e e m e n t s i n v o l v e d , n o r d o t h e y p u r p o r t t o c o n s t i t u t e a l e g a la n a l y s i s o f t h e p r o v i s i o n s o f t h e d o c u m e n t s . I n t e r e s t e d p a r t i e s a r ee x p e c t e d t o i n d e p e n d e n t l y r e v i e w a l l s u c h d o c u m e n t s . T h e t e r m s a n dc o n d i t i o n s s t a t e d i n t h i s s e c t i o n w i l l r e l a t e t o a l l s e c t i o n s o f t h eb r o c h u r e a s i f s t a t e d i n d e p e n d e n t l y t h e r e i n . I t i s i m p e r a t i v e t h a t a l l

p a r t i e s t o r e a l e s t a t e t r a n s a c t i o n s b e a w a r e o f t h e h e a l t h , l i a b i l i t y a n d e c o n o m i c i m p a c t o f e n v i r o n m e n t a l f a c t o r s u p o n r e a l e s t a t e . D e m b o R e a l t y d o e s n o t c o n d u c t i n v e s t i g a t i o n s o r a n a l y s e s o f e n v i r o n m e n t a l m a t t e r s , a n d a c c o r d i n g l y , u r g e s b u y e r s t o r e t a i n q u a l i f i e d e n v i r o n m e n -t a l p r o f e s s i o n a l s t o d e t e r m i n e w h e t h e r h a z a r d o u s o r t o x i c w a s t e s a n d s u b s t a n c e s , o r o t h e r u n d e s i r a b l e m a t e r i a l s o r c o n d i t i o n s a r e p r e s e n t a t t h e p r o p e r t y, a n d i f s o , w h e t h e r a n y d a n g e r o r l i a b i l i t y e x i s t s . Va r i o u s f e d e r a l , s t a t e a n d l o c a l l a w s a n d r e g u l a t i o n s h a v e b e e n e n a c t e d d e a l i n g w i t h t h e u s e , s t o r a g e , h a n d l i n g , r e m o v a l , t r a n s p o r t a n d d i s p o s a l o f t o x - i c o r h a z a r d o u s w a s t e s a n d s u b s t a n c e s . C o n s e q u e n t l y , l e g a l c o u n s e l a n d t e c h n i c a l e x p e r t s s h o u l d b e c o n s u l t e d w h e r e t h e s e s u b s t a n c e s a r e o r m a y b e p r e s e n t . T h e O w n e r a n d D e m b o R e a l t y e x p r e s s l y r e s e r v e t h er i g h t , a t t h e i r s o l e d i s c r e t i o n , t o r e j e c t a n y o r a l l e x p r e s s i o n s o f i n t e r e s to r o f f e r s t o p u r c h a s e t h e p r o p e r t y, a n d /o r t o t e r m i n a t e d i s c u s s i o n s w i t ha n y e n t i t y a t a n y t i m e , w i t h o r w i t h o u t n o t i c e . T h e O w n e r s h a l l h a v e n ol e g a l c o m m i t m e n t o r o b l i g a t i o n t o a n y e n t i t y r e v i e w i n g t h i s i n v e s t m e n tb r o c h u r e o r m a k i n g a n o f f e r t o p u r c h a s e t h e p r o p e r t y, u n l e s s a n d u n t i la w r i t t e n c o m m i t m e n t t o p u r c h a s e t h e p r o p e r t y h a s b e e n f u l l y e x e c u t e d ,d e l i v e r e d a n d a p p r o v e d b y O w n e r, a n d a n y c o n d i t i o n s t o O w n e r ’ so b l i g a t i o n s t h e r e u n d e r h a v e b e e n s a t i s f i e d o r w a i v e d . B y r e c e i p t o f t h i si n v e s t m e n t b r o c h u r e , y o u a g r e e t h a t i t s c o n t e n t s a r e o f a c o n f i d e n t i a ln a t u r e , t h a t y o u h o l d a n d t r e a t i t i n t h e s t r i c t e s t c o n f i d e n c e , a n d t h a ty o u w i l l n o t d i s c l o s e t h e b r o c h u r e o r a n y o f i t s c o n t e n t s t o a n y o t h e re n t i t y w i t h o u t t h e p r i o r a u t h o r i z a t i o n o f D e m b o R e a l t y , n o r w i l l y o u u s et h i s b r o c h u r e o r a n y o f i t s c o n t e n t s i n a n y f a s h i o n o r m a n n e r d e t r i m e n -t a l t o t h e b e s t i n t e r e s t o f O w n e r.

9595 Wilshire Blvd., Ste 208Beverly Hills, CA 90212

T (310) 278.4747F (310) 278.0607

[email protected] # 01347517

P H I L I P K L A PA R DAP H I L I P K L A PA R DA

Philip Klaparda has been working with Dembo Realty since 2002. Dembo Realty specializes in retail sales and leasing in the better neighborhoods of Los Angeles. Philip is often consulted and relied upon for his market knowledge and experience by buyers, sellers, owners and tenants. His success and dedication have consistently earned him repeat business and referrals. Philip maintains valued relationships with an expansive network of brokers and owners and enjoys working with others. Philip prides himself on building trusting, personal relationships with his clients and looking out for their best interests. He is passionate about delivering the best results possible.

142 SOUTH ROBERTSON BOULEVARD

ADDRESS

T H E O F F E R I N GDembo Realty is pleased to present the exceptional opportunity to acquire the 100% fee simple interest in 142-146 S. Robertson Boulevard (the “Property”), a unique, prime retail investment located in Los Angeles adjacent to West Hollywood, California. Totaling 4,850 rentable square feet, The property will be delivered vacant and was previously occupied by LF Sportwear and Tory Burch, both highly regarded national retailers. LF renovated and built out their premises (144-146) consisting of approximately 2,350 RSF. The remaining space (142) formerly occupied by Tory Burch is approximately 1,950 RSF on the ground and 550 RSF on the second floor and is currently vacant and ready for an international flagship brand to occupy. The Property is located in the heart of the Robertson Shopping District and also part of the West Hollywood Design District, which are both international shopping destinations spanning Robertson Boulevard, Beverly Boulevard, and Melrose Avenue, h o m e t o L o s A n g e l e s ’ m o s t c u t t i n g e d g e d e s i g n , f a s h i o n , a r t , a n d b e a u t y r e t a i l e r s .

The majority of the building is single story with a small second floor above 142. The Property has 4 parking lanes in the rear (8 parking spaces in tandem formation), a rare amenity in this market. Moreover, the property resides directly across the street from a 2-hour free public parking facility operated by the City of Los Angeles, another rare amenity, which further il lustrates the strength and importance of this shopping destination for Los Angeles. Situated in a highly recognized setting on one of California‘s most renowned design, shopping, restaurant and entertainment thoroughfares, the Property is surrounded by some of the most affluent residential and commercial communities in the entire country, creating built-in retail demand and a truly unique environment for tenants and visitors. With the property delivered vacant, and numerous future upside scenarios, the Property offers investors the rare opportunity to acquire a highly coveted asset in one of Southern California’s most desirable areas .

P R O P E R T Y S U M M A R Y

APN

NET RENTABLE AREA

OCCUPANCY

SITE AREA

STORIES

YEAR BUILT / RENOVATED

PARKING

ZONING

142-146 S. Robertson BoulevardLos Angeles, CA 90048

4334-005-008

4,850 RSF

To be delivered vacant

0.13 acres(5,663 SF)

1 level with partial 2nd floor

1948 / 2018

4 lanes (8 parking spaces in tandem formation)

Building - C2 (City of Los Angeles - Commercial)


S I T E P L A N

142 S. ROBERTSON 142 S. ROBERTSON

BOULEVARDBOULEVARD

SOUTH ROBERTSON BOULEVARD

GROUND

MEZZANINE

144-146 S. ROBERTSON

BOULEVARD

+/- 1,950 SF

+/- 2,350 SF

+/- 550 SF

SOUTH ROBERTSON BOULEVARD

WE

ST

3R

D S

TR

EE

T

AL

DE

N D

RIV

E

*ALL MEASUREMENTS ARE APPROXIMATE AND SHOULD BE

INDEPENDANTLY VERIFIED.

18’-0” 18’-0” 34’-0”

28

’-0

”

28

’-3

”

70

’-4

”

I N V E S T M E N T H I G H L I G H T S

PRIME LOCATION, HIGHLY-DESIRABLE ASSET142 Robertson is a prime retail asset residing on one of the preeminent shop-ping streets in the country. The property is surrounded by unparalleled design, shopping, restaurant and entertainment options and uniquely frequented by celebrities, tourists, taste makers, and influencers.

UNMATCHED HOLLYWOOD ADJACENT LOCATIONThe Property is located in both the Robertson Shopping District and West Hollywood Design District, which is comprised of Robertson Boulevard, Beverly Boulevard and Melrose Avenue. The Robertson Shopping District is an easily walkable area filled with a unique mix of international and local shops. The Design District bears the unique distinction of having the region’s densest con-centration of retailers and exhibitions related to the world of premium fashion, design, home furnishings, art, and décor. In a vibrant setting situated beside Hollywood and at the eastern border of Beverly Hills, the Design District is home to a distinct mix of global designer flagships, local boutiques, art galler-ies, interior design showrooms, and chic eateries, all concentrated in a nice little geographic box, making it an unrivaled international destination for design-savvy professionals and sophisticated shoppers alike. The Design District is anchored by the Pacific Design Center, located at the intersection of Melrose Avenue and San Vicente Boulevard, housing over 100 showrooms dedi-cated to branded, interior design–based concepts.

AN OPPORTUNITY FOR UPSIDE The property will be delivered vacant which will provide a new Owner an immediate opportunity for upside. Rents on Robertson have ranged from $84/Annum to over $240/Annum over the past 15 years, giving a keen investor the potential for tremendous upside if the rents regain their previous levels. The street still claims highly desirable concepts like Chanel, Intermix and James Perse and other highly acclaimed brands found on some of the most coveted shopping streets in the world.


ROBERTSO

N BO

ULEVARD

BEVERLY BOULEVARD

ALDEN DRIVE

MELROSE AVENUEESANTA MONICA BOULEVARD

W. 3RD STREET

PACIFIC DESIGN CENTER

BURTON WAY

N. SAN VICENTE BOULEVARD

LA CIENEGA BOULEVARD

BEVERLY CENTER

CEDARS SINAIMEDICAL CENTER

CCEEDDAMED

CEDARS SINAIMEDICAL CENTER

142 S. ROBERTSON

A E R I A L M A P


12 | 8840 BEVERLY BOULEVARD

WEST OVERVIEW

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Lemonade

The Ivy

Why Cook

Georgetown Cupcake

Cafe Angelino

Jack n' Jill's Too

Pizzeria il Fico

Le Pain Quotidien

The District

Lady M Cake

A.O.C.

Locanda Veneta

The 3rd Stop

Nonna's Empanadas

Sushi Mon

Pomegranate

North End Pizzeria

Fatburger

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The Phoenix

Berlins

ROC

Toca Madera

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Kreation Kafe

The Izaka-Ya

Berri's

Cod

Son of a Gun

Goal Sports Café

Mama's Secret

Plancha Tacos

D'Amore's Pizza

Magnolia Bakery

Johnny Rockets

Corner Bakery

Verlaine

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Granville

Il Piccolino

Pizzana

Craig's

Gracias Madre

Viale dei Romani

Cecconi's

SUR Restaurant

Tortilla Republic

Catch LA

Hedley's

Bossa Nova

Hamburger Haven

The Abbey

PUMP

Bottega Louie

Dan Tana's

Doheny Room

Zinqué

Le Pain Quotidien

Fig & Olive

Charm City Cakes

Taste on Melrose

Lucques

Chef's Not Here

Rosaline

AGO Restaurant

Momofuku Noodle

Aburiya Raku

Sing Kai Hong

Norms

Happy Slice

Real Food Daily

Kochi

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The Nice Guy

Sushi Fumi

Kai Ramen

Absolutely Phobulous

Taco Bell

Mandarette

Vegan Glory

Matsumoto

Uncle Paulie's

Bibibop

Chipotle

Backyard Bowls

The Ponte

Bao Dim Sum

EATERIES

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Pacific Design Center

Gemini GEL

Leica Gallery

Art Angels

ATTRACTIONS1

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Starbucks

Cha Cha Matcha

The Assembly

CAFES

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Hotel Beverly Terrace

Kimpton La Peer

Sofitel Los Angeles

Elan

The Orlando

Four Seasons Hotel

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Ralphs

MASS Beverly

Cappellini

Minotti Los Angeles

Moschino

Custom Comfort

Porcelanosa

Mayfair House

Ligne Roset

LINEA, Inc

Luxury Living

Hästens

Stella McCartney

Diva Furniture

Poliform

Michael Aram

Domus Design

Mina Design & Tailor

Chanel

Curve

RH Modern

Niche Beverly

Kiehl’s

Intermix

AllSaints

Jovani

The Kooples

Monika Chiang

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Max-Bone

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Eileen Fisher

Kitson

LF Stores

Bulthaup

Scars Stripes

Bollare

Birkenstock

Christmas Gifts

PetSmart

Ragdoll LA

Aesop

Nathalie Seaver

Joan’s on Third

Lil Bit

J Market

OK

Bead Boutique

Credo Beauty

Lot Stock and Barrel

Le Labo

New Stone Age

Beverly Connection

Men's Wearhouse

Saks OFF 5TH

Beverly Center

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Knoll Home Design

JLM

Between the Sheets

Amadi Home

Hub of the House

Leclaireur LA

H.Lorenzo

Camerich

Gloster

Petit Tresor

Gina Amir

John Varvatos

Helmut Lang

Stark Home

Sienna

James Perse

Acne Studios

Petco

Maxfield

3.1 Phillip Lim

Chrome Hearts

Walker Zanger

Anne Hauck

Formations

The Rug Co.

Christian Louboutin

Phyllis Morris

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AllSaints

The GREAT

Restoration Hardware

Vince

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Rag & Bone

Jasper Showroom

Alice + Olivia

John & Pete's

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Hollywood at Home

Monique Lhuillier

Knot Standard

Marni

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Chloe

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Rachel Comey

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Bottega Veneta

Waterworks

The Black Tux

Plush Home

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Mel and Rose

Rachel Zoe

NARS

Theory

Kelly Wearstler

Madison

Kreiss Home

Opening Ceremony

Ducati

BevMo!

Edible Arrangements

Goodwill

Eddie's Pharmacy

The Detox Market

West Elm

Sasha Haute

I Martin Bicycles

Petals

SHOPPING

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HIGHLY-AMENITIZED, HIGHLY-AMENITIZED, WALKABLE LOCALEWALKABLE LOCALE

Located in the heart of the Robertson

Shopping District, the Property boasts a

coveted “Walker ’s Paradise” designation

(WalkScore.com – 91 out of 100) due to

the immediate access to countless ameni-

ties including shopping, entertainment,

nightlife and restaurants. Some of the

mostpopular fine dining, casual eating,

and cafe destinations in the area are

located within walking distance to the

Property.

I N V E ST M E N TH I G H L I G H TS

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R O B E RTS O NR O B E RTS O NB LV D.B LV D.

5 6


R E TA I L SA L E CO M PA R A B L E S A N D P R OX I M I T Y M A P

3 8833 Beverly Boulevard West Hollywood 7/29/2016 9,757 $25,919,500 $2,657 4.1%

2 8806 Beverly Boulevard West Hollywood 2/18/2015 11,013 $31,000,000 $2,815 4.0%

1 106-110 S. Robertson Boulevard Los Angeles 7/30/2018 4,629 $17,250,000 $3,727

4 8800 Melrose Avenue West Hollywood 11/23/2015 4,000 $3,875 4.0%$15,500,000

5 8632 Melrose Avenue West Hollywood 3/28/2017

West Hollywood 3/21/2017

3,328 $15,000,000 $4,507

6 8552 Melrose Avenue 4,479 $17,000,000 $3,795

Source: Costar


R E TA I L SA L E CO M PA R A B L E S

Address Sale Date Building Area Sale Price Price per SF Cap Rate

38833 Beverly BoulevardWest Hollywood, CA 90048

7/29/2016 9,757 $2,657$25,919,500 4.1%

28806 Beverly BoulevardWest Hollywood, CA 90048

2/18/2015 11,013 $31,000,000 $2,815 4.0%

1106-110 S Robertson BoulevardLos Angeles, CA 90048

7/30/2018 4,629 $3,727$17,250,000

48800 Melrose AvenueWest Hollywood, CA 90069

11/23/2015 4,000 $15,500,000 $3,875 4.0%

Class A retail building sales, 1.25-mile radius, 3,000 SF+, sold last 48 months; source Costar


3/28/2017 3,328 $15,000,000 $4,507


3/21/2017 4,479 $17,000,000 $3,795


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ROBERTSON - LoopNet

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