Former Coca-Cola Production Facility for Sale - 963 East 4th Street Los Angeles, CA
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offering memorandum Former Coca-Cola Production Facility for Sale 963 East 4th Street Los Angeles, CA w w w. c b r e . c o m / 9 6 3 e 4 t h
963 E. 4th Street represents the quintessential opportunity to purchase an irreplaceable multi-story building in the heart of the burgeoning Arts District of Downtown Los Angeles. Once occupied by Coca-Cola, this 123,600 square foot building on 1.21 acres of land consists of three floors plus a basement and is constructed of poured, in-place concrete with a vintage brick facade. Two attributes unique to this property include a secure fenced parking lot with ample spaces as well as an abundance of windows, windows offering excellent natural light and views of the downtown corridor. corridor The Arts District has experienced a monumental transformation from a desolate industrial pocket of Downtown LA to a vibrant locale in high demand for acclaimed restaurants and mixed use residential development. There are over 30 restaurants/bars (i.e. Urth Café, Church & State, Bestia, and Wurstkuche) and 20 residential developments, plus the highly regarded architecture school, Sci-Arc, within walking distance to the property. The location is ideal at 4th Street and Traction Avenue, commanding a central position in this robust transitional neighborhood. This is the first time in over 20 years this highly sought sought-after after property has been offered for sale. Its potential for redevelopment and upside are tremendous. The property is a blank canvas that potentially allows for creative office, mixed-use, residential or corporate occupancy as an owner-user. The enhanced landscape of this marketplace with the evolving uses will have a lasting impact on values and may make today’s pricing the low water mark for the future. 1
963 EAST 4th STREET | LOS ANGELES, CA BUILDING HIGHLIGHTS • Former Coca-Cola Production Facility • Rare Purchase Opportunity with Potential for Future Redevelopment • Located in the heart of the Arts District • Spectacular visibility and street identity in a transforming neighborhood • Walking distance to Little Tokyo Tokyo, Gold Line Station and Sci-Arc Sci Arc • Adjacent to new residential developments Mura, Artisan, One Santa Fe, Alexan Savoy and Barker Block Lofts PROPERTY FEATURES Total Building ± 123,600 SF Size: (3 Floors Plus Basement and Covered Dock) Office Area: ± 11,400 SF (1st & 2nd Floor) Land Size: ± 52,800 SF Year Built: 1915 / 1930 Zoning: M3-1 Clear Height: 10 14 Feet 10-14 Loading: Dock High & 1 Ground Level Ramp Construction: Poured In-Place Concrete Parking: 59 APN: 5163-014-009, 010 & 011 2 www.cbre.com/963e4th
963 EAST 4th STREET | LOS ANGELES, CA DEVELOPMENTS & RESIDENCES 1 2 3 1 Sares-Regis Sakura Crossing Teramachi Homes 2 232 E. 2nd St. (Planned) 235 S. San Pedro St. 267 S. San Pedro St. 3 4 5 6 7 4 5 6 Hikari Apartments Alexan Savoy Artisan on 2nd 10 375 E. 2nd St. 100 S. Alameda 601 E. 2nd St 9 9 7 8 11 13 15 8 Newberry Lofts Little Tokyo Lofts Condos 12 900 E. 1st Street 420 S. San Pedro St. 222 S. Central 14 10 11 12 Mura Condominiums 811 Traction Lofts Binford Lofts 629 Traction Ave. 811 Traction Ave. 857 Traction Ave. 13 14 15 Legendary Project Sci-Arc One Santa Fe 16 960 E. 3rd Street 17 18 16 17 18 Barker Block Lofts Molino Street Lofts Lucky Brand Jeans HQ 19 510 S. Hewitt 530 Molino St. 540 S. Santa Fe Ave. 19 3 www.cbre.com/963e4th Factory Place Lofts 1300 Factory Place
963 EAST 4th STREET | LOS ANGELES, CA www.cbre.com/963e4th b /963 4 h FOR MORE INFORMATION PLEASE CONTACT: Brandon Gill First Vice President Lic. 01262330 213.613.3754 brandon.gill@cbre.com Laurie Lustig-Bower Executive Vice President Lic. 00979360 310 550 2556 310.550.2556 laurie.lustig-bower@cbre.com Phillip Sample Senior Vice President Lic. 01145593 213.613.3301 phillip.sample@cbre.com Kamran Paydar Senior Sales Director Li 01242590 Lic. 310.550.2529 kamran.paydar@cbre.com CBRE, Inc. | 355 S. Grand Ave. | Suite 1200| Los Angeles, CA 90071 | www.cbre.com ©2013 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
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