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NINEHUNDRED
SEWARD
Single-Tenant, Net-Leased, Critical Facility Investment Opportunity
HOLLYWOOD MEDIA DISTRICTLOS ANGELES, CA
CAPITAL MARKETS | INSTITUTIONAL GROUP
The Offering
CBRE, Inc, as exclusive advisor, is pleased to present the opportunity to acquire 900 Seward Street in Hollywood, CA (the “Property”).
The Property consists of a two-story, 40,315-square-foot, state-of-the-art post-production facility that is net-leased to Deluxe Entertainment (“Deluxe”) through February 2, 2025 with annual increases. With over 7,500 employees worldwide, Deluxe is the global leader in post-production, distribution, and asset management for the entertainment industry.
Address 900 North Seward Street Hollywood, CA 90038
Net Rentable Area 40,315 SF
Occupancy 100%
Site Area 64,255 SF (1.47 acres)
Year Built/Renovated 1982/2015
Parking 87 stripped surface stalls
Zoning R3-1 & MR-1
PROPERTY SUMMARY
LEASE SUMMARY
Tenant Name (Guarantor)Deluxe Entertainment Services Group, Inc.
RSF40,315
Lease ExpirationFebruary 2, 2025
Monthly Rent (as of 8/1/2018)$105,728 ($2.62 PSF)
Lease TypeNNN
Annual Increase3%
Renewal OptionsOne 5-year option to renew at 100% Fair Market Value with nine (9) months’ notice
Investment Highlightscash flowAttractive NNN cash flow from the global leader in post-production with over six years of remaining term and a below market in-place rent.
solid tenancyStrategic facility for Deluxe given the company’s significant investment and proximity to their local entertainment clientele. During their occupancy, the tenant has invested significant capital into the infrastructure of the building, which includes 23 editing rooms and 6 state-of-the-art stages with over 24’ ceiling heights.
media havenImmediate neighbors include:
assumable loanAttractive $13.1 million assumable loan with a 4.86% annual interest rate and December 2025 maturity.
24/7 hot spotLocated within one of the most amenity-rich and desirable 24/7 areas in Los Angeles, the Property is surrounded by an expanding base of luxury residences, upscale hotels, and many of the most acclaimed restaurants in the city.
zoning flexibilityThe 1.47-acre site is currently zoned R3-1 and a small portion MR-1. The zoning provides for a variety of residential and commercial uses.
market growthThe investment in Hollywood is having a significant impact on the office market, which has experienced approximately 30% rent growth in the past 3 years and currently holds 10.8% market vacancy.
development boomHollywood is experiencing incredible residential, commercial, and infrastructure growth with recently completed, ongoing, and planned developments that total approximately $8 billion.
Investment Highlights
Hollywood Hills
Los Feliz
West Hollywood 101
Sunset Blvd
Santa Monica Blvd
Vine StCahuenga Blvd
Cole Ave
Wilcox AveLas Palmas AveHighland Ave
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INVESTMENT CONTACTS
Michael Longo+1 310 363 [email protected]. 01887292
Todd Tydlaska+1 310 363 [email protected]. 01329711
Sean Sullivan+1 310 363 [email protected]. 01199428
Angad Verma +1 310 363 4909 [email protected] Lic. 02045953
LEASING CONTACTS
Patrick Amos+1 310 550 [email protected]. 01886581
Rob Waller +1 310 550 [email protected]. 00874585
FINANCING CONTACT
Jesse Zarouk+1 310 363 [email protected]. 01861474
Broker Lic. #00409987 © 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to de-termine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
2221 ROSECRANS AVENUE, STE 100 EL SEGUNDO, CA 90245
F 310 363 4905
BAY AREARussell IngrumJoe MoriartyScott ProsserJack DePuy
SEATTLETom Pehl
PORTLANDTrevor KafouryCharles Safley
SAN DIEGOLouay AlsadekHunter Rowe
DENVERTim RicheyMike WinnChad FlynnJenny Knowlton
PHOENIXBarry Gabel
LOS ANGELESTodd TydlaskaSean SullivanMike Longo
ORANGE COUNTYAnthony DeLorenzo
DEBT & STRUCTURED FINANCEBrad Zampa Michael L. WalkerBrady O’Donnell Bruce Francis Mark McGovern Val Achtemeier Nick Santangelo
CAPITAL MARKETSOFFICE | WESTERN U.S.
A Listing From CBRE Capital Markets Office West, Led By:
