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Investor Advisory

$9M Leased Properties Q4 2018

$9M Leased Properties Q4 2018

$9M LEASED Q3 2018

Zacuto Group completed $9M in Lease Transactions for Q4 2018. We were fortunate to work with clients in a wide range of industries, including renewable energy, technology, industrial, startups, media, law, medical and more. We thank all our clients for your continued loyalty and support!

Key transactions this quarter included:

  • 9,619 SF Class A Office in Beverly Hills for a law firm

  • 3,350 SF Class A Creative Office space in Beverly Hills for a media company

  • 2,374 SF Class A Office Build-to-Suit in Brentwood for a law firm

  • 2,863 SF Class A Office in Brentwood for a Real Estate Investment Bank

  • 3,098 SF Class A Office in Carthay Circle for a renewable energy company

  • 5800 Hannum Ave, Fox Hills

  • 15233 Ventura Blvd., Sherman Oaks

  • 8702 Santa Monica Blvd., Norma Triangle

  • 8702 Santa Monica Blvd., West Hollywood

  • 9430 Washington Blvd., Culver City

 Selected Properties Leased:

  • 5455 Wilshire Blvd., Miracle Mile

  • 4526 Wilshire Blvd., Mid Wilshire

  • 6310 San Vicente Blvd., Carthay Circle

  • 3465 West 6th st., Wilshire Center

  • 11862 La Grange Ave, West LA

FOR SALE: 34,282 SF Warehouse Investor or Owner/User Opportunity

FOR SALE: 34,282 SF Warehouse Investor or Owner/User Opportunity

Gardena Warehouse.png
 

FOR SALE: 34,282 SF Warehouse Available.

Investment or Owner/User Opportunity

14605, South Main St, Gardena, CA 90248

Rare Industrial Warehouse opportunity priced to sell within one of the most coveted Warehouse markets in the country. Subject property is strategically located in proximity to Highways, the Ports of LA & Long Beach, DTLA, LAX and Silicon Beach.

 
Gardena Warehouse 1.png

Building Info:

APN: 6129-009-074, 062
Building: 34,282 SF
Use: Light Industrial
Year Built: 1980
Lot Size: 54,425 SF / 1,135 AC
Zoning/Use: LCM2
Parking: 47 Spaces Striped
Ceiling Height: 26 ft
Warehouse Level: At Grade
Docks: 2 via 1 Double Wide
Office Space: Approx. 5,000 sf, 11 offices, 1 kitchen

 

Overview:

Monthly Rent: $24,970/month NNN
Lease Type: AIR Single-Tenant Net
Annual Increases: 2% per annum (increases 9/1/19)
Asking Price: $6,495,000
Building SF: 34,282 SF
Price/SF: $189.46/SF
NOI: $299,640
CAP Rate: 4.61%

Gardena Warehouse 2
 

For additional information, please contact listing agent:

Jake Zacuto
jake@zacutogroup.com
310.469.9012


$17.6M Leased Properties Q3 2018

$17.6M Leased Properties Q3 2018

$17.6M LEASED Q3 2018 / $45M LEASED YTD

Surpassing all prior firm records for leasing transactions completed in a single financial quarter, Zacuto Group successfully completed $17.6M in Lease Transactions for Q3 2018. Q3 represented a very diverse range of completed client requirements and industries serviced, from raw materials & manufacturing/distribution, to law, and media technology. We thank all our clients for your continued loyalty and support!

Key transactions this quarter included:

  • 24,000 SF Class A Creative Office Build-to-Suit in Beverly Hills for a Global Media-Tech company.

  • 27,000 SF Port & Rail Adjacent Distribution Facility at the Port of Long Beach located on 1.3 Acres of Land for a Global Cement Manufacturer.

  • 2,100 SF High Street Corner Retail in Santa Monica for a regional interior design firm.

  • 5,000 SF Class A space in Century City for a national luxury magazine publication.

  • 5,000 SF lease renewal negotiation in WestLA for a financial services firm.

  • 3,050 SF Creative Office / Warehouse with 30’ ceilings for a Virtual Reality production startup.

  • 3,000 SF Creative Office / Laboratory space for a hot cosmetics startup in the Arts District.

Selected Properties Leased: 

  • 368 N La Cienega Blvd., WeHo/L.A.

  • 4221 Wilshire Blvd., Hancock Park / L.A.

  • 2301 E 7th Street - Arts District DTLA

  • 7381 Beverly Blvd. - Beverly-Fairfax / L.A.

  • 7938 W 3rd St. - 3rd & Fairfax / L.A.

  • 3113 Beverly Blvd. - Silver Lake / L.A.

  • 3415 S Sepulveda Blvd., Culver-Palms / L.A.

  • 8655 Hayden Place - Hayden Tract / Culver City

  • 320 E Harry Bridges Blvd. - Long Beach / Wilmington

  • 1034 Montana Blvd., Santa Monica

  • 1821 Wilshire Blvd., Santa Monica

  • 8383 Wilshire Blvd., Beverly Hills

  • 345 Maple Drive, Beverly Hills

  • 10100 Santa Monica Blvd, Century City / L.A.

  • 5757 W Century Blvd., LAX Office / L.A.

  • 11835 W Olympic Blvd. - WestLA / L.A.

SOLD: 270+ Unit City-West Dev. Site for Affordable Housing

SOLD: 270+ Unit City-West Dev. Site for Affordable Housing

The Challenge: Satisfy Affordable Housing Requirements to enable a Historic Hotel Renovation

One of the most prominent developers in Los Angeles needed to satisfy an affordable housing requirement to enable their renovation & redevelopment of a historic Hotel property in Downtown Los Angeles.

The project had many challenges: a) limited locations could be considered as the affordable housing development had to be in proximity to the subject property; b) limited options were available on the market; c) client was under a deadline to achieve results.

The ZG team of Jake Zacuto, Andrew Sinasohn and Connor Sears developed a specific process to target properties that fit the clients specific search criteria. By using multiple methods and proprietary strategies, Zacuto Group was successful in securing for the client an off-market three parcel opportunity, strategically located for the client’s needs for $5.7 Million.

DETAILS:

  • Client Type: Developer

  • Location: City West Specific Plan Area (W. of DTLA)

  • Site Area: Three continuous parcels totaling approx. 19,000 SF

  • Future Development: 270+ Affordable Housing Units

SOLD  $91.6M Investment Sales Buyer+Seller Representation in 2017

SOLD $91.6M Investment Sales Buyer+Seller Representation in 2017

SOLD  $91.6M Investment Sales Buyer+Seller Representation in 2017

Zacuto Group team members completed $91.6M in Commercial Real Estate Sales transactions in 2017.  A testament to the sophistication and hardworking nature of the team, transactions included a broad spectrum of asset classes, deal sizes and locations including:

Ground-up Development  //   Mixed-Use 
Creative Office Conversion & Adaptive Re-use
Owner/User Purchases //  Corporate NNN Leased Retail
Office  //  Industrial  //  Retail  //  Multi-Family  

 

For additional information, please contact:
Jake Zacuto
jake@zacutogroup.com
phone:  310.469.9012

 

*Sales figures calculated per CoStar.
Broker of Record for Sale of 8888 Washington Blvd. is Stone-Miller (Buyer and Seller represented by Jake Zacuto).

SOLD $11.7M - Prime Culver City Adj. Creative Office Development

SOLD $11.7M - Prime Culver City Adj. Creative Office Development

PRIME CULVER CITY ADJACENT CREATIVE OFFICE DEVELOPMENT TRADES FOR $11.7M

 
 

3309 La Cienega Place, a 17,490-square-foot warehouse property located adjacent Lincoln Property’s Blackwelder complex and nearby the Metro Expo Line has traded hands for $11.7M.  The buyer, Bow West Capital plans to convert the property into a creative office compound of more than 25,000 SF.  Andrew Sinasohn and Jake Zacuto of Century City-based Zacuto Group brokered the all-cash deal and are consulting on the project’s development. 

“3309 La Cienega Place provides a unique value-add opportunity for Bow West, because of its excellent location and the ability to add square footage.  Despite being in competition with several prospective buyers, we worked with our client to structure a deal which the owners could not refuse – this was done through the implementation of an expedited due diligence process and an accommodating schedule to relocate the current owners elsewhere, among other things.”  
-Andrew Sinasohn, V.P. and Director Of Business Development.

Currently dubbed ‘LCP’, Developer Bow West Capital is capitalizing on the area’s appeal to tech & media companies looking for central transit friendly locations and unique adaptive re-use creative spaces.  LCP will feature multiple level units ranging from 3,000-7,000 square feet with designer kitchens, glass roll up doors, 20+ foot ceilings move-in ready with designer finishes. 

“LCP is going to be one of the highest quality projects in the area with incredibly well thought out use of space and elements designed to maximize natural light.  In a market where every value-add purchaser is trying to do the same thing, this project will stand out with the unique livability of the designs, flexibility in size, quality of finishes, and indoor/outdoor open-air features.” 
-Jake Zacuto, Managing Director

Zacuto & Sinasohn have been retained by Bow West to lease the project.  In addition to completing the sale, Sinasohn & Zacuto
(along with Zacuto Group V.P. Chris Maese) represented the Seller, Bob Gail Enterprises on an 11,660 SF relocation to Inglewood, CA.

SOLD $7.4M - 4 L.A. Commercial Properties

SOLD $7.4M - 4 L.A. Commercial Properties

SOLD $7.4M - 4 L.A. Area Commercial Properties

3001 N. Broadway, Los Angeles
Jake Zacuto & Leor Binshtock completed the sale of 3001 N. Broadway for $1.875M.  The Subject Property is located on a prominent corner and has been occupied long term by the United States Postal Service who continues to operate on the property. Zacuto and Binshtock represented both the buyer and seller in the all-cash transaction.

150 W. Verdugo Avenue, Burbank
Jake Zacuto and Andrew Sinasohn completed the sale of 150 W. Verdugo Avenue for $1.6M. Zacuto & Sinasohn represented the Buyer, Action Horizons who will use the facility for the production of live-action shows and stunts for both the Amusement Park and Film industries. Stone-Miller is the broker of record.

7225 Melrose Avenue, Los Angeles
Jake Zacuto & Leor Binshtock completed the sale of 7225 Melrose Avenue for $2.225M on behalf of the Buyer.  Located near the intersection of La Brea and Melrose Ave., the Buyer intends to develop the property into a high-end single tenant medical office building for owner/occupancy.  Stone-Miller is the broker of record.

2075-2085 Fair Oaks Avenue, Pasadena/Altadena
Jake Zacuto & Jackie Lubrano completed the sale of 2075-2085 Fair Oaks Avenue for $1.7M.  The subject property is in North Pasadena East of the Rose Bowl Stadium.  Zacuto and Lubrano represented the buyer, Jaco Aerospace who will be owner/occupying the subject property.


For additional information, please contact:
Jake Zacuto
jake@zacutogroup.com
310.469.9012

SOLD - Wells Fargo Bank - 296 W. Highland Ave

SOLD - Wells Fargo Bank - 296 W. Highland Ave

Zacuto Group is pleased to present the fee simple sale of an investment grade Single Tenant NNN Wells Fargo Bank in San Bernardino, CA. The subject property is located at a High Traffic Intersection with approx. 28,479 Vehicles Per Day on a Large 40,500 SF Corner Lot. Features excellent Signage, Frontage, Access, and tremendous visibility on both Highland and Arrowhead.

Wells Fargo recently renewed their lease for 5 more years and property has been continuously operated as a bank since 1961. The location is of strategic importance as one of Wells Fargo's major competitors, JP Morgan Chase, is located across the street.

SALE PRICE    $3,785,000
CAP RATE        4.85%
NOI                   $183,572 Absolute NNN Lease
LEASE TERM   Approx. 5.5 Years (through 12/31/2022)

For additional information, please contact:
Jake Zacuto
jake@zacutogroup.com
310.469.9012

Chris Maese
chris@zacutogroup.com
310.469.9020

LEASED - Melrose Creative Office

LEASED - Melrose Creative Office

Melrose Creative Office Space
2,620 SF located on the 2nd Floor
Private Front & Rear Entrances

PRICE. $2.95/SF Modified Gross
LEASE TERM. 3-5 Years
PARKING. 5 Cars

Corner of Melrose & Formasa
Walking distance to numerous amenities including Lalas, Blue Jam, Village Idiot, Fratelli Café (downstairs)

For additional information, please contact:
Jake Zacuto
jake@zacutogroup.com
310.469.9012

Leor Binshtock
leor@zacutogroup.com
310.469.9014

Prime Retail Corner @ Robertson & Alden

Prime Retail Corner @ Robertson & Alden

Zacuto Group is pleased to present a prime corner retail leasing opportunity at 101 S. Robertson Blvd.  Prominently located at Robertson & Alden, this presents a rare opportunity to secure a corner location on one of the most famous walk streets in Los Angeles.  Neighbors include Rebecca Taylor, Kiehl's, Splendid, Blue Bottle Coffee (coming soon).  The area has excellent parking options with a large public parking structure steps away + excellent street parking.

Space 1: Corner Retail - Unit 103 - 3,600 SF
Space 2: Inline Retail - Unit 109 - 1,950 SF
One (1) reserved parking space per unit.

For additional information, please contact:
Jake Zacuto
jake@zacutogroup.com
310.469.9012

Leor Binshtock
leor@zacutogroup.com
310.469.9014

Corner Retail/Creative Space @ 5816 W. Pico

Corner Retail/Creative Space @ 5816 W. Pico

Zacuto Group is pleased to present For Lease, 5816 W. Pico Blvd., a corner retail/creative space opportunity. The property is situated on the corner of West Pico and South Orange Grove Ave., directly across from Vons, with fantastic creative elements, exposed ceilings, bright open area, sky lights and red brick. Concrete floors can be restored and polished. Highly visible "billboard" style pylon signage opportunity. 

For additional information, please contact:
Jake Zacuto
jake@zacutogroup.com
310.469.9012

Jackie Lubrano
jackie@zacutogroup.com
310.469.9376

FOR SALE: Culver City Arts District Creative Office/Retail

FOR SALE: Culver City Arts District Creative Office/Retail

Zacuto Group is pleased to present 5801 Washington Boulevard, a creative retail/office building, currently leased to an established high-end art gallery. This property provides fixed income through 12/31/2018 with the opportunity to either significantly increase rent to market in the future -or- occupy the property as an owner/user.

The beautifully renovated building is ideal for creative office tenants, galleries, showrooms, and open plan users. 5801 Washington features high ceilings, skylights & polished concrete floors throughout, excellent 10 Car parking (3.2/1000) and a roll-up door with access from the alley. Asking Price is $2,395,000.

For additional information, please contact:
Jake Zacuto
jake@zacutogroup.com
310.469.9012

Andrew Sinasohn
andrew@zacutogroup.com
310.469.9023

SOLD $6.5M - Pair of Westside Owner/User Buildings

SOLD $6.5M - Pair of Westside Owner/User Buildings

Jake Zacuto and Leor Binshtock have completed the sales of 1559 S. Sepulveda Blvd. and 2323 Cotner Ave. in West Los Angeles for 3.35M and $3M respectively. Both properties were acquired by Owner/Users.  Zacuto & Binshtock represented the Sellers for both transactions.

1559 S. Sepulveda Boulevard is located in West Los Angeles near the intersection of Santa Monica & Sepulveda.  The architectural 5,314 SF office building features very high ceilings, walls of frameless glass, and extensive natural light throughout.

2323 Cotner Avenue is located in West Los Angeles just East of the 405 FWY between Pico Boulevard and Olympic Boulevard.  The property consists of a 5,480 SF two story industrial building with high ceilings, over-sized roll up doors, front and rear yard areas.

Stone-Miller was the broker of record.  

IN ESCROW $11.5M - 8888 Washington Blvd.

8888 Washington Boulevard, a 26,091 SF Culver City Expo Line adjacent development site, is reported to be in escrow and non-contingent.  Jake Zacuto had been marketing the development site for $11,500,000.  Exact terms remain confidential however, it is reported that the property received multiple offers and is close to the asking price.  For additional information, please contact Jake Zacuto 310-469-9012.  Broker of record is Stone-Miller

SOLD $6M - 488-498 S. San Vicente Blvd.

Jake Zacuto & Leor Binshtock of Stone-Miller have completed the Sale of their 488-498 S. San Vicente Listing for $6m; an achievement of more than $500k in excess of the asking price.  Zacuto & Binshtock also represented the Buyer in the transaction.

SOLD $6.9M - Double Sale on S. La Cienega Blvd.

1701 S. La Cienega Blvd., Los Angeles, CA

1701 S. La Cienega Blvd., Los Angeles, CA

1450 S. La Cienega Blvd., Los Angeles, CA

1450 S. La Cienega Blvd., Los Angeles, CA

 

Jake Zacuto of Stone-Miller has completed two sales totaling $6.9m on S. La Cienega Blvd.  Both properties were acquired for the purpose of Owner/User Development.  Zacuto represented the Buyers in both transactions.

SOLD $3.8M - 8646 W. Pico Blvd.

Jake Zacuto of Stone-Miller has completed the sale of 8646 W. Pico Blvd. on behalf of a family trust for $3.8m.  Zacuto also represented the buyer, Congregation Ohel Moshe in the transaction.

Comment

$10.6M - 1031X Advisory for Family Trust

 
25 Year NNN Leased   Walgreens  Dallas (Arlington), Texas

25 Year NNN Leased Walgreens
 Dallas (Arlington), Texas

20 Units - 615 S. Cochran Ave. Los Angeles, CA

20 Units - 615 S. Cochran Ave.
Los Angeles, CA

8 Units -  1315 N. Detroit St., Los Angeles, CA

8 Units -  1315 N. Detroit St.,
Los Angeles, CA

Jake Zacuto & Leor Binshtock of Stone-Miller have completed the sale of two prime multi-family assets totaling 28 units in the Miracle Mile and Hollywood submarkets of Los Angeles.  The Seller, a family trust, had owned the properties for over 30 years.  Both assets required active management and the Seller desired to exchange into a NNN management free investment property.  Through their marketing efforts, Zacuto & Binshtock obtained multiple offers and utilized a competitive bidding process to require the buyers to proceed on a non-contingent basis.  Zacuto & Binshtock then guided the family through a process to identify ideal asset classes and locations that suit their investment needs and capabilities.  The end result was a prime located Walgreens property on a 25 year NNN lease located across from the Dallas Cowboys Stadium in Dallas (Arlington), Texas.  Zacuto & Binshtock also represented The Roberts Companies in the purchase of the 615 S. Cochran property.

Comment

$890k - 1415 Aviation, Redondo Beach

 

Brad Stone & Jake Zacuto of Stone-Miller completed the sale of 1415 Aviation Blvd. in Redondo Beach, CA for $890,000.  The automotive use property is located in a rapidly gentrifying area of east Redondo Beach.  Stone & Zacuto also sourced the buyer for the transaction as a result of their marketing efforts.

Morgan Corp. Renews 77,000 SF in Riverside, CA

Craig Miller & Jake Zacuto of Stone-Miller completed a long term lease renewal and investor advisory of a 77,000 SF manufacturing facility leased to Morgan Corp in Riverside, CA.  The transaction marks a positive signal for the Riverside Industrial Market's improving vacancy rate and signs of recovery emerging over the past year.  The Subject Property, built in 1978, features 22' clear height and almost 3 acres of excess yard area which proved crucial in solidifying Morgan's commitment to property.  Miller & Zacuto, have been an advisor to the ownership since representing the owner on the acquisition of the property in 2006.