South Beverly Drive Portfolio_Actifs en vente
South Beverly Drive Portfolio_Actifs en vente
Beverly Hills, CA, US, Americas

South Beverly Drive Portfolio

Description du portfolio

JLL and WESTMAC Commercial Brokerage Company have been exclusively retained to offer the opportunity to acquire The South Beverly Drive Portfolio, a generational five contiguous parcel portfolio that includes a high performing Pavilions with adjacent parking garage and two office buildings (collectively the “Properties”). As one of the most desirable assemblages of land in Beverly Hills with nearly 500 feet of frontage on S Beverly, the Properties offer current income on existing buildings today with the opportunity to boost net operating income through minor improvements or greater scale redevelopment in the future. The Properties are being offered together or separately. Located in Beverly Hills on the prominent corner of S Beverly Dr (30,000 VPD) and Olympic Blvd (60,000 VPD), the Properties total 35,861 square feet of retail and office GLA on 1.58 acres of land. In an area where average home prices surpass $1.62 million and the average household income exceeds $189,236 within a 1-mile radius, the Properties are well-positioned to benefit from strong surrounding demographics. With numerous surrounding restaurants and shops, proximity to major employment centers, and coming addition of the Metro Purple Line station, the Properties are poised to take advantage of superb real estate fundamentals.

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Caractéristiques de l'actif

Surface de l'actif brut
6 364 m²
Année de construction
1948
South Beverly Drive Portfolio (3 actifs)
South Beverly Drive Portfolio (3 actifs)

Média

Points clés d'investissement

  • Desirable Beverly Hills Location with Strong Fundamentals
  • Solid Existing Cash Flow with Tremendous Upside and Opportunity
  • Irreplaceable Development Site in Beverly Hills
  • Rare Parking Amenity.​​​​​​​
  • Transportation - walking distance to future Metro Stop. Located a half mile from the Subject Properties, at the intersection of Wilshire and Reeves, construction is slated to be completed in 2024
  • High Identity Intersection – Over 90,000 vehicles per day
  • Amenity Rich Area – Close to shops, restaurants, and the Beverly Hills Triangle
  • Below Market Rents


South Beverly Drive Portfolio 4_Actifs en vente

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Dernière mise à jour
18 oct. 2023