RETAIL, FITNESS SPACE FOR...
Transcript of RETAIL, FITNESS SPACE FOR...
RETAIL, FITNESS SPACE FOR LEASE 417 & 505 Colorado Avenue, Santa Monica, 90401 Across from the Santa Monica Expo Line terminus
417 COLORADO AVE 2,643 SF
505 COLORADO AVE 1,921 SF
Lee ShapiroExecutive Vice President310-887-6226 | [email protected] #00961769
Christine DeschaineSenior Vice President310-887-6440 | [email protected] #00905121
Clare CollinsAssociate 310-887-3520 | [email protected] #02023110
IT’S A NEW STAY.®RETAIL / FITNESS 417 & 505 Colorado Ave. | Santa Monica, CA 90401GROUND FLOOR SPACE FOR LEASE
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00746768) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
417 & 505 Colorado seen from Expo Line terminus
417 COLORADO AVE 2,643 SF
505 COLORADO AVE 1,921 SF
PROPERTY DESCRIPTION
417 Colorado: ±2,643 SF - Retail or Fitnes $7.45 PSF/Month NNN (±1.00 PSF/Mo.)
505 Colorado: ±1,921 SF - Retail or Fitness $6.95 PSF/Month NNN (±$1.00 PSF/Mo.)
Parking: Retail parking on-site / Valet available
HIGHLIGHTS
• Directly across from the Expo Line Santa Monica terminus (Expo Line 2016 ridership: 13,376,42 passengers)
• Just off the I-10 Freeway• Steps from the Pacific Ocean, Santa Monica Pier, Santa Monica Place and the Third
Street Promenade shopping center• Busy Pedestrian traffic and premier demographics • Est. 6.2 million SF of office space within 1-mile; total of 14,222,700 SF leased in Santa Monica
submarket Prospective tenants are hereby advised that all uses are subject to City approval.
Lee ShapiroExecutive Vice President310-887-6226 | [email protected] #00961769
Christine DeschaineSenior Vice President310-887-6440 | [email protected] #00905121
Clare CollinsAssociate 310-887-3520 | [email protected] #02023110
IT’S A NEW STAY.®RETAIL / FITNESS 417 & 505 Colorado Ave. | Santa Monica, CA 90401GROUND FLOOR SPACE FOR LEASE
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00746768) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
Parking
±1,921 SF
Ground Floor Plan | 417 Colorado Ave.
Parking
COLORADO AVENUE
4TH
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Ground Floor Plan | 505 Colorado Ave.
IT’S A NEW STAY.®
±2,643 SF
Lee ShapiroExecutive Vice President310-887-6226 | [email protected] #00961769
Christine DeschaineSenior Vice President310-887-6440 | [email protected] #00905121
Clare CollinsAssociate 310-887-3520 | [email protected] #02023110
IT’S A NEW STAY.®RETAIL / FITNESS 417 & 505 Colorado Ave. | Santa Monica, CA 90401GROUND FLOOR SPACE FOR LEASE
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00746768) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
In Progress - Over 1,500 units in development
Existing - 50 units or greater
1. 1560 Lincoln Blvd
2. 1317 7th St
3. 702 Arizona Ave
4. 1543 7th St
5. 1143 Lincoln Blvd
6. 601 Colorado Ave
7. 1415 5th St
8. 1425 5th St
9. 500 Broadway
10. 401 Broadway
11. 101 Santa Monica Blvd
12. 1437 7th St
13. 1238 7th St
14. 1323 6th St
15. 1235 5th St
16. 1338-1342 5th St
17. 1601 Lincoln Blvd
18. 4th & Arizona
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19. 1318-1320 2nd St
20. 1455 4th St
21. 1539 4th St
22. 1415 5th St
23. 1420 5th St
24. 1430 5th St
25. 1450 5th St
26. 1548 6th St
27. 1317 7th St
28. 1411 7th St
29. 1418 7th St
30. 1427 7th St
31. 525 Broadway
32. 606 Broadway
33. 609 S Broadway
34. 1443 Lincoln Blvd
35. 420 Santa Monica Blvd
SITE
Santa Monica BlvdSanta Monica Blvd
Arizona Ave
Colorado AveColorado Ave
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4th
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5th
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Wilshire BlvdWilshire Blvd
AREA MULTIFAMILY DEVELOPMENTS WITHIN 3 BLOCKS
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Lee ShapiroExecutive Vice President310-887-6226 | [email protected] #00961769
Christine DeschaineSenior Vice President310-887-6440 | [email protected] #00905121
Clare CollinsAssociate 310-887-3520 | [email protected] #02023110
IT’S A NEW STAY.®RETAIL / FITNESS 417 & 505 Colorado Ave. | Santa Monica, CA 90401GROUND FLOOR SPACE FOR LEASE
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00746768) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
PROJECT OVERVIEW
Courtyard by Marriott and the Hampton Inn & Suites are located in the heart of downtown Santa Monica at the corner of 5th Street and Colorado Avenue.
Developed by award-winning developer and operator OTO Development, the two hotels offer a unique opportunity for retailers to take advantage of a one of a kind location boasting busy pedestrian traffic and immediate proximity to retail and public attractions.
Just off of the I-10 Freeway and steps from the Pacific Ocean, the hotels are within convenient walking distance to the finest shopping, dining, hotels, entertainment, outdoor recreation, and attractions that Santa Monica and Southern California have to offer. Within less than several blocks are: Santa Monica State Beach, the world famous Santa Monica Pier and Pacific Park, Third Street Promenade (with over 500 shops and restaurants), and the newly renovated Santa Monica Place (±447,788 SF of retail/restaurant space; anchored by Nordstrom and Bloomingdale’s).The project is directly across from the new Santa Monica Expo Line and
is located just steps from Santa Monica’s Pier and Third Street Promenade shopping center.
Lee ShapiroExecutive Vice President310-887-6226 | [email protected] #00961769
Christine DeschaineSenior Vice President310-887-6440 | [email protected] #00905121
Clare CollinsAssociate 310-887-3520 | [email protected] #02023110
IT’S A NEW STAY.®RETAIL / FITNESS 417 & 505 Colorado Ave. | Santa Monica, CA 90401GROUND FLOOR SPACE FOR LEASE
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00746768) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
Santa Monica Visitor / Tourist Facts
• Est. 89,000 residents (Santa Monica)• Over 1,000 residential units to be built within 4 blocks• Santa Monica generates $1.2 billion dollars a year from tourism• With a supply of over 3,500 rooms hotels operate with occupancy rates in the 80%
range annually; 70% of overnight visitors do not use a car once in Santa Monica• Santa Monica hotel visitors spends an average of $234 per day in Santa Monica• Traffic counts: Colorado Ave./Ocean Ave./Lincoln Blvd. EB/WB = ±16,371 cars/day
1. Santa Monica Pier 2. Third Street Promenade 3. Santa Monica Place
THRIVING SANTA MONICA
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1POPULATION2017 ESTIMATED TOTAL
35,052181,176427,297
1 Mile2 Miles3 Miles
INCOMEHOUSEHOLD AVERAGE
$ 88,819$ 119,725$ 117,590
1 Mile2 Miles3 Miles
EMPLOYEES2017 ESTIMATED TOTAL
42,493135,741347,529
1 Mile2 Miles3 MilesDEMOGRAPHIC
SNAPSHOT
Lee ShapiroExecutive Vice President310-887-6226 | [email protected] #00961769
Christine DeschaineSenior Vice President310-887-6440 | [email protected] #00905121
Clare CollinsAssociate 310-887-3520 | [email protected] #02023110
IT’S A NEW STAY.®RETAIL / FITNESS 417 & 505 Colorado Ave. | Santa Monica, CA 90401GROUND FLOOR SPACE FOR LEASE
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00746768) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
7 For All MankindAll Saints SpitalfieldsBarney’s Co-OpAbercrombie & FitchAdidasAmerican ApparelAnthropologieApple StoreBanana RepublicBarnes & NobleBurberryConverseDieselForever 21
Free PeopleGapGuessH&MJ. CrewLouis VuittonMichael KorsKate SpadeLevi’sLucky BrandLululemonMadewellNikeNordstrom
PatagoniaPottery BarnREITed BakerSur La TableTiffany & Co.Tory BurchTrue ReligionUrban OutfittersVictoria’s SecretWhole FoodsZara
SURROUNDING RETAIL TENANTS
AT THE EPICENTER OF SUBMARKET RETAIL