Adjacent to Metropolis!
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1 Adjacent to Metropolis!
2 PROPERTY DESCRIPTION 100 ft frontage W 8TH STREET Patio/Outdoor Seating SIZE ± 6,000 SF PREMISES Corner of 8th & Francisco St PARKING 2:1,000 RATE Negotiable TERM 10 Years OCCUPANCY Immediate > Ground-floor retail space > Prime location within the Financial District > In close proximity to residential apartment communities and corporate offices > One block from FIGat7th > Adjacent to Metropolis development: 1,250 residential units & 350 hotel rooms FRANCISCO STREET 80 ft frontage 6,000 SF Reliant Immediate Care Medical 5,358 SF S FIGUEROA STREET > Ample onsite parking > Ideal uses include retail, restaurant, lounge or bar, and gourmet market N 8TH PLACE
3 RETAIL S Figueroa Street SUBJECT PROPERTY 8th Street INTERSTATE 110 Residential Tower 3 Residential Tower 2 Francisco Street Hotel Tower Residential Tower 1
4 1 Metropolis Hotel/Mixed Use, 3 Towers 2 4 olympic boulevard Subject Property francisco street hope street 21 wilshire boulevard grand avenue 1. Regal Movie Theaters 2. Ritz Carlton 3. JW Marriott 4. Residence Inn 5. Yardhouse 6. Tripple 8 7. Rosa Mexicano 8. Flemmings 9. US Bank 10. Hotel Figueroa 11. Casa Nostra 12. Dolcini Caffe 13. The Pantry 14. Riordan s Tavern 15. Faith & Flower 16. Starbucks 17. Ralphs 18. Coffee Bean 19. Quiznos 20. Simply Salasa 21. Big Wangs 22. First Republic Bamnk 23. Local Table 24. Fogo De Chao 25. Nazo s Bakery 26. Subway 27. Corner Bakery 28. Zara 29. H&M 30. Mendicino Farms 31. Victoria s Secret 32. Bath & Body Works 33. Target 34. Edible Arrangements 35. Wokcano 36. Dublin s Irish Pub 37. Coffee Bean Degrees 39. Engine Co. No Famina 41. LA Fitness 42. Macy s 43. Sheraton Hotel 6th Street
5 Figueroa at Wilshire 601 S Figueroa St 1,151,488 sf 91.4% Occupancy Ernst & Young 725 S Figueroa St Plaza 915,316 sf 93.7% Occupancy 660 S Figueroa St 283,000Sf 44.3% Occupancy Fine Arts Building 811 W 7th St 120,000SF 96.0% Occupancy francisco street TCW Building 865 S Figueroa St 686,072 sf 99.4% Occupancy 845 S Figueroa St 139,723 SF 100.0% Occupancy 777 Tower 777 S Figueroa St 1,024,834 sf 84.6% Occupancy 801 Tower 801 S Figueroa St 458,570 SF 88.5% Occupancy 888 Figueroa 888 S Figueroa St 374,106 sf 95.0% Occupancy Figueroa Tower 800 S Figueroa St 126,700 sf 80.1% Occupancy 816 S Figueroa St 35,452 sf 92.3% Occupancy The Bloc 700 S Flower St 737,709SF 86.2% Occupancy hope street wilshire boulevard grand avenue 6th Street olympic boulevard
6 Downtown LA has flourished with new residential, retail, and office projects, offering attractive opportunities to capitalize during this development boom. As of January 2015, the number of new development projects totaled ninety-four. A new generation of adventurous chefs, bartenders, loft dwellers, artists, and developers are reviving Downtown as a dynamic and trendy neighborhood. Major corporations work here, leading retailers have opened here, and hip restaurateurs are establishing new locations here. The property is located in one of Downtown LA s most dynamic areas. Situated in the Financial District, 8th & Francisco is immediately adjacent to the bustling FIGat7th shopping center and near hotspots including LA Live, Staples Center, and Nokia Theater. The site is also within close proximity to Bottega Louie and Yard House, restaurants that achieve over $10 million in annual sales. These factors strategically position 8th & Francisco to attract business from residents, employees, shoppers, and event goers alike. downtown Demographic Overview: Smart People With resources In 2004, 23,894 people resided in DTLA. Five years ago, it was 39,537. Today, it is 52,400. The population has more than doubled in the last 10 years. The average age of DTLA residents is 34. 8th & Francisco boasts coveted streetcorner frontage, which provides excellent visibility in a high-density foot traffic area and vibrant pedestrian shopping corridor. Further, the site has an outdoor seating area as well as ample onsite parking to accommodate driving patrons. Its desirable location within a pedestrianoriented area increases the potential for attractive retail sales profitability. 80% have completed four year degrees or higher. The daily working population is 500,000+ employees. With median incomes over $98,700, they are affluent Millennials. There is pent up demand for quality housing where absorption exceeds supply and the outlook for rent growth is positive. Source: DCIBD 2013 Demographic Study
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