Property Address 145 North Robertson Boulevard,Los Angeles, CA 90048
Price Request for Offer
Property Type Storefront Retail
Floors 2
Building SF 13,144 SF
Ground Floor 6,572 SF
Second Floor 6,572 SF
Lot Size 6,828 SF
Year Built 1951
APN 4334-001-018
Zoning WDC2A
Type of Ownership Fee Simple
PROPERTY INFORMATION
145 N. Robertson Boulevard | West Hollywood, CA 90048EXECUTIVE SUMMARY
145 N. ROBERTSON BOULEVARD
G R O U P
BRANDON MICHAELS
PROPERTY ADDRESS 145 North Robertson Boulevard,Los Angeles, CA 90048
PRICE $20,750,000
PRICE/SF $1,578.67
PROPERTY TYPE Storefront Retail
FLOORS 2
BUILDING SF 13,144 SF 6,572 SF Ground Floor, 6,572 SF 2nd Floor
LOT SIZE 6,828 SF
YEAR BUILT 1951
APN 4334-001-018
ZONING WDC2A
LA CIENEGA BOULEVARD
N SAN VICENTE BOULEVARD
HANCOCK PARKTHE GROVE
ROBERTSON BOULEVARD
WEST 3RD STREET
WEST 3RD STREET
WILSHIRE BOULEVARD
DTLA
MIRACLE MILE
BEVER
LY BO
ULEVAR
D
ROBERTSON PLAZA(MULTI-MILLION DOLLAR
RENOVATION)
BE
VE
RLY
BO
ULE
VAR
D
145 N. ROBERTSON BOULEVARD
145 North Robertson Boulevard - A rare opportunity to acquire a Robertson Boulevard jewel box with significant growth potential in a world-renowned retail location.
SAN VICENTE BLVD
SANTA MONICA BLVD
ROBERTSON BLVD
145 BOULE VARDN ROBERTSON
PDC
Beverly Center
LA CIENEGA BLVD
MELROSE AVENUE
BEVERLY BLVD
INVESTMENT HIGHLIGHTSIRREPLACEABLE ROBERTSON BOULEVARD LOCATION - Located on the highly walkable stretch of North Robertson Boulevard in the West Hollywood Design District, Robertson Boulevard continues to be among the top luxury retail districts worldwide. The location boasts designer labels, popular restaurants,and boutiques and is famously known for being a preferred shopping destination of celebrities, wealthy residents, and tourists alike.
TROPHY ASSET- 145 N. Robertson is one of the most impressive storefronts on all of Robertson Boulevard. The asset allows opportunity for a flagship site for a national brand, but can also be subdivided for multiple rental options.
WALKABILITY - Robertson has a score of 95/100 for walkability. Iconic retailers and trendy/hip boutiques and restaurants populate Robertson Boulevard and is a popular haven for the rich and famous
TREMENDOUS GROWTH POTENTIAL- Current rents are below average historical market rents, making it an ideal time to acquire property along this iconic street
WEST HOLLYWOOD LOCATION- Major hotspots and destinations such as the Beverly Center, renowned Cedars Sinai Medical Center, Santa Monica Boulevard, Pacific Design Center, and Sunset Strip are all nearby
RARE OPPORTUNITY - Extremely rare opportunity to purchase in a transitioning rental market. Significant amount of movement and turnover in the immediate marketplace, creating an opportunity for new concepts to enter the market and position the submarket for the future. Upon completion of surrounding developments and with continuing improvements to the immediate area, the North Robertson rental market will experience significant growth and offer outstanding returns for long term investors
ACROSS FROM ROBERTSON PLAZA - Located across from 100,000 SF mixed-use center Robertson Plaza, undergoing a multi-million dollar renovation. Robertson Plaza renovation will attract a new wave of iconic retailers, high end boutiques, and trendy dining options, Blue Bottle Coffee just signed a 10 year lease on the ground floor.
HIGH-END NEIGHBORING TENANTS - Neighboring tenants include high-end brands like Chanel, Vince, Tory Burch, Intermix, Cuvee, The Kooples, and The Ivy.
DENSE IMMEDIATE POPULATION AND AFFLUENT SUBMARKET - 819,155 people and a daytime population 461,273 within a five-mile radius. Average household income of $108,098 within a 3-mile radius.
ANDREW LEFFSenior AssociateDirector, National Retail GroupTel: (818) [email protected]: CA: 01865688
BRANDON MICHAELSSenior Managing Director of InvestmentsSenior Director, National Retail GroupTel: (818) 212-2794Fax: (818) [email protected]: CA #01434685
G R O U P
BRANDON MICHAELS
