Los Angeles, CA, US, Americas

589-595 Venice

Attributes

Building area gross

3,010 m²

Description

The Offering

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present the opportunity to acquire 589-595 Venice (the “Property(ies)”, the “Site(s)”), a rare development parcel and existing office in Venice. The Properties are being offered together or separately.

Ownership has spent the last 12 years working through varying redevelopment ideas, with a focus on the last five years to fully entitled the site for ±25,000 SF office with 5,000 SF of retail and two levels of parking.

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Investment Highlights

Development Optionality

This 1.52-acre, two-parcel site provides multiple paths to value creation, featuring a vacant office building for immediate repositioning or occupancy and an adjacent lot for development.

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

The Property is a rare opportunity to develop land less than a mile from the Pacific Ocean in Venice.

Excellent Proximity to Top Talent and Executive Housing

Situated in close proximity to executive housing and a highly educated workforce, 589-595 Venice is strategically located to attract and retain top talent. This location benefits from its proximity to the highly affluent neighborhoods of Santa Monica, Pacific Palisades, and Brentwood.