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)
142 SOUTH ROBERTSON BOULEVARD
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.
142 SOUTH ROBERTSON BOULEVARD
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
142 SOUTH ROBERTSON BOULEVARD
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
n10
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
LODGING
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Bristol Farms
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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Chaser
Max-Bone
OPTX By Bob
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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DAO
Blu Dot
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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Heritage Classics
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Empty Vase
Urban Zen
Woven
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Oz|Shop
Warby Parker
Design Within Reach
Mansour Modern
AllSaints
The GREAT
Restoration Hardware
Vince
lululemon
Rag & Bone
Jasper Showroom
Alice + Olivia
John & Pete's
Modern Rugs LA
Hollywood at Home
Monique Lhuillier
Knot Standard
Marni
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Chloe
The Row
Rachel Comey
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Marc Jacobs
Equipment
Bottega Veneta
Waterworks
The Black Tux
Plush Home
Mogul
Vivienne Westwood
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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142 SOUTH ROBERTSON BOULEVARD
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
142 SOUTH ROBERTSON BOULEVARD
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
58632 Melrose AvenueWest Hollywood, CA 90069
3/28/2017 3,328 $15,000,000 $4,507
68552 Melrose AvenueWest Hollywood, CA 90069
3/21/2017 4,479 $17,000,000 $3,795
142 SOUTH ROBERTSON BOULEVARD
S I T E P H OTO S
142 SOUTH ROBERTSON BOULEVARD
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142 SOUTH ROBERTSON BOULEVARD
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142 SOUTH ROBERTSON BOULEVARD
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