Description

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present the opportunity to acquire The Venice Collection, three existing creative commercial buildings and a rare development parcel located in the heart of Venice, CA. The Properties are being offered together or separately.

First Time These Properties Have Been Available in Over 50 Years

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Attributes

Building area gross

4,669 sm

Development Parcel

0.88 SF

Venice Collection (4 Properties)

Media

Investment highlights

Generational Opportunity

Rare opportunity to purchase a collection of Venice Beach Properties untouched by the market for over half a century.

Development Optionality

This 1.52-acre, four-parcel site provides multiple paths to value creation.

Embedded Rent Growth

Immediate upside is available through both lease-up of vacant space and a mark-to-market adjustment toward the commanding $6.00 NNN market rent.

Highly Amenitized

Boasting a 94 Walk Score, the Property is adjacent to the renowned Abbot Kinney Boulevard in Venice, CA. which is home to over one hundred restaurants, shops, and other amenities.

Coastal Location

Generational opportunity to develop land less than a mile from the Pacific Ocean in Venice with commercial properties achieving the highest rents in Los Angeles.

Excellent Proximity to Top Talent

Situated near highly affluent neighborhoods including Santa Monica and Brentwood, The Venice Collection is strategically located to attract and retain top talent from the region's highly educated workforce. The property's desirable location provides convenient access for executives and professionals residing in Los Angeles's Westside communities.