710 Fair Oaks Avenue - LoopNet · 2019-06-19 · Contact Joshua Guthartz (424.259.2510...

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7 1 0 Fair Oaks Avenue South Pasadena, CA For More Information Contact: Joshua Guthartz (424.259.2510 | [email protected]) or Seth Bell (310.691.1350x1002 | [email protected]) Short Term / Temporary Opportunity

Transcript of 710 Fair Oaks Avenue - LoopNet · 2019-06-19 · Contact Joshua Guthartz (424.259.2510...

Page 1: 710 Fair Oaks Avenue - LoopNet · 2019-06-19 · Contact Joshua Guthartz (424.259.2510 josh@jagretail.com) or Seth Bell (310.691.1350x1002 sbell@pegasusinvestments.com) 3 Address

7 1 0 Fair OaksAvenueS o u t h P a s a d e n a , C A

For More Information Contact: Joshua Guthartz (424.259.2510 | [email protected]) or Seth Bell (310.691.1350x1002 | [email protected])

Short Term / Temporary Opportunity

Page 2: 710 Fair Oaks Avenue - LoopNet · 2019-06-19 · Contact Joshua Guthartz (424.259.2510 josh@jagretail.com) or Seth Bell (310.691.1350x1002 sbell@pegasusinvestments.com) 3 Address

Downtown Los Angeles

O�ce Space

710 Fair Oaks Avenue

The RialtoTheater

Downtown Los Angeles

On/o� ramp

Content3The Space

5The Location

7The Market

Joshua GuthartzJAG Retail Properties, [email protected] 424.259.2510LIC # 01911885 (CA)

Seth BellVice [email protected] 310.691.1350 x 1002

Page 3: 710 Fair Oaks Avenue - LoopNet · 2019-06-19 · Contact Joshua Guthartz (424.259.2510 josh@jagretail.com) or Seth Bell (310.691.1350x1002 sbell@pegasusinvestments.com) 3 Address

Contact: Joshua Guthartz (424.259.2510 | [email protected]) or Seth Bell (310.691.1350x1002 | [email protected]) 3

Address SF Type Rate/SF

710 Fair Oaks AvenueSouth Pasadena, CA 91030 ± 1,700 Retail Negotiable

The Space

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Pegasus Asset Management | JAG Retail Properties, Inc.4

Property & Location Highlights• Short term / temporary leasing opportunity with potential to be part of a

larger mixed-use project

• Located on one of South Pasadena’s North/South main and busiest thoroughfares (± 27,000 ADT) just minutes from downtown Los Angeles

• Adjacent to the CA-110 Arroyo Seco Parkway on and off-ramps at Fair Oaks Avenue

• High barriers to entry real estate market

• Freestanding building with surface parking

• Benefits from shared parking with adjacent mixed-use buildings

• Just south of the Pasadena medical hub

Population 1-Mile 3-Mile 5-Mile

2023 Projection 23,428 258,855 670,513

2018 Estimate 23,061 254,251 661,012

Growth 2010 - 2018 2.61% 3.87% 1.76%

Households 1-Mile 3-Mile 5-Mile

2023 Projection 9,872 96,738 227,839

2018 Estimate 9,732 95,077 224,723

Growth 2010 - 2018 1.67% 3.46% 1.43%

Property Demographics

Fair Oaks Avenue ± 27,000 ADT

Fair Oaks Avenue ± 27,000 ADT

Pasadena

Oce Space710 Fair Oaks Avenue

2018 Est. Average Household Income

$123,5311-Mile

$96,6823-Mile

$92,8705-Mile

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Contact: Joshua Guthartz (424.259.2510 | [email protected]) or Seth Bell (310.691.1350x1002 | [email protected]) 5

South Pasadena, CAKnown for its stunning homes, unique small businesses, and excellent schools, the City of South Pasadena is set on the west side of the San Gabriel Valley just six miles from downtown Los Angeles. Its adjacency to a natural fording place along the Arroyo Seco had served as a gateway to travel and commerce for aboriginal peoples in the area and along the coast. Today, new boutiques, galleries, award-winning restaurants, and indie-owned stores of every type dot the tree-lined streets of the charming community. “Mom and Pop” merchants populate the business district, maintaining South Pasadena’s old-town charm.

One of California’s most desirable locations, South Pasadena is home to an affluent and diverse population of almost 26,000 individuals. A substantial number of these residents work either in Bunker Hill or as professors and staff at the University of Southern California. South Pasadena is also home to a wide range of industry professionals, varying from film and television insiders, to musicians, authors, artists, and architects. The Top Ten list of Creative Communities in LA recognized South Pasadena as one of the artistic havens for “the Creative Class.”

One of the first suburbs inLos Angeles

The Location

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Pegasus Asset Management | JAG Retail Properties, Inc.6

0.6 MILES FROM SUBJECT | 12 MINUTE WALKThe Metro Gold Line runs through the heart of South Pasadena’s revitalized, walkable downtown commercial district at Mission Station, an at-grade light rail station in the Los Angeles County Metro Rail system. It is located at the intersection of Mission Street and Meridian Avenue, less than a 15 minute walk from 710 Fair Oaks Avenue.

Mission Station

0.3 MILES FROM SUBJECT | 5 MINUTE WALKLocated in downtown South Pasadena, The Rialto Theater is one of South Pasadena’s many historic sites featuring a unique blend of Spanish Baroque and Egyptian stylings. The theater was built in 1925 and is one of the last remaining single screen cinemas in the country.

The Rialto Theater

0.6 MILES FROM SUBJECT | 12 MINUTE WALKEvery Thursday afternoon next to Mission Station, South Pasadena’s historic Mission-West District hosts the city’s award-winning Farmer’s Market, which has been recognized as one of the best in the area. The market is in its eighteenth year and is managed by the nonprofit South Pasadena Chamber of Commerce.

The Farmer’s Market

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Contact: Joshua Guthartz (424.259.2510 | [email protected]) or Seth Bell (310.691.1350x1002 | [email protected]) 7

As California’s liveliest and largest metropolis and the entertainment capital of America, Los Angeles has long been known as a city of dreams. The City of Angels is the second largest city in the United States and has been designated an Alpha world city. Located on Southern California’s Pacific coast, it is the main hub of the Southern California region with legendary Hollywood northwest of downtown, the San Fernando Valley to the east, and the inviting beaches of Santa Monica and Malibu to the west.

The economy of the city of Los Angeles is highly diversified, with strong sectors in services, wholesale and retail trade, manufacturing, government, financial service industries, transportation, utilities, and construction. The entertainment and tourism industries also contribute significantly to the economy. The trade volume of its busy port is the highest in the nation and one of the highest in the world.

Los Angeles, CA

The Market

2nd Most Populous

City in the U.S.

47.3MAnnual Visitors

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Pegasus Asset Management | JAG Retail Properties, Inc.8

Page 9: 710 Fair Oaks Avenue - LoopNet · 2019-06-19 · Contact Joshua Guthartz (424.259.2510 josh@jagretail.com) or Seth Bell (310.691.1350x1002 sbell@pegasusinvestments.com) 3 Address

Confidentiality & Disclaimer StatementThe information contained in this Leasing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Pegasus Investments and should not be made available to any other person or entity without the written consent of Pegasus Investments. This Leasing Package has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. Pegasus Investments has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition of the business prospects of any tenants, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Leasing Package has been obtained from sources we believe to be reliable; however, Pegasus Investments has not verified, and will not verify, any of the information contained herein, nor has Pegasus Investments conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Some or all of the photographs contained within may have been altered from their original format. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Joshua GuthartzJAG Retail Properties, [email protected] 424.259.2510LIC # 01911885 (CA)

Seth BellVice [email protected] 310.691.1350 x 1002

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Pegasus Asset Management | JAG Retail Properties, Inc.

ABOUT JAG RETAIL PROPERTIES, INC.JAG Retail Properties, Inc., is a commercial real estate investment and advisory firm. We specialize in the acquisition and repositioning of retail assets within major metro markets throughout the country, from Los Angeles to New York. Our persistence, diligence, and consistent performance continues to help us achieve our goals and the objectives of those we work with.

1626 Montana Avenue, Suite 625Santa Monica, CA 90403

www.jagretail.com424.259.2510

JOSHUA GUTHARTZ

ABOUT PEGASUSPegasus is a boutique commercial real estate investment and advisory firm based in Los Angeles, California. Specializing in retail shopping centers, single tenant net leased and multifamily properties throughout the United States, Pegasus has consistently delivered on its 30 year reputation of providing high quality, white glove service throughout all stages of the investment sales process. Pegasus provides its clients, which include high net worth private investors, family trusts, private & public REITs, local and regional developers and syndicators with advisory services encompassing underwriting, market research, investment sales and asset management. Pegasus continues to set the bar for high quality, boutique investment sales brokerage and advisory by relying on its industry-leading talent which include experienced institutional and private sector investors.

DAVID CHASINManaging [email protected] 310.691.1350 x 101LIC # 01513027 (CA)

DAYLIN ACKERMANVice [email protected] 310.691.1350 x 114LIC # 02011508 (CA)

TONY VEILLERSenior [email protected] 310.691.1350 x 113LIC # 01995952 (CA)

KEN [email protected] 310.691.1350 x 100LIC # 00776468 (CA)

1901 Avenue of the Stars, Suite 630Los Angeles, CA 90067

www.pegasusinvestments.com310.691.1350

BRAD KRITZERManaging [email protected] 310.691.1350 x 106LIC # 01918111 (CA)

KEVIN SHELBURNSenior Vice [email protected] 310.691.1350 x 105LIC # 01861409 (CA)

TREVOR NELSONManaging [email protected] 310.691.1350 x 104LIC # 01495150 (CA)

STEPHEN APFELSenior [email protected] 310.691.1350 x 119LIC # 02076409 (CA)

KATHERINE WEAVERVice [email protected] 310.691.1350 x 115LIC # 02004937 (CA)

TALIA TONTIOffice [email protected] 310.691.1350 x 108

ANDI BUSTAMANTEHead of [email protected] 310.691.1350 x 116

SETH BELLManaging [email protected] 310.961.2002

JUSTIN HERMANAsset [email protected] 310.691.1350 x 151LIC # 02038667 (CA)

JONATHAN KHOURYPortfolio [email protected] 310.691.1350 x 152LIC # 01957203 (CA)

CHAD BUELOWManaging [email protected] 310.691.1350 x 111LIC # 01854509 (CA)

TYLER JOHNSONVice [email protected] 310.691.1350 x 112LIC # 01947197 (CA)

JACK [email protected] 310.691.1350 x 117LIC # 02056168 (CA)

PEGASUS INVESTMENTS REAL ESTATE ADVISORYLIC # 01961545

PEGASUS ASSET MANAGEMENTLIC # 01961545

NOAH ZGRABLICHJunior Asset [email protected] 310.691.1350 x 153

PEGASUS CAPITAL MARKETSLIC # 01950432

MICHAEL SPECTORDirector of Sales & [email protected] 310.691.1350 x 109LIC # 01969966 (CA)

ANDREW COHENSenior Associate - [email protected] 310.402.0211LIC # 01996379 (CA)

TYLER COLDWELLDevelopment [email protected] 310.691.1350 x 155

JASMINE GUOMarketing [email protected] 310.691.1350 x 121