JERRY’S FAMOUS DELI MARINA DEL REY, CALIFORNIA LOCATION The subject property is ideally located at the NEC of Mindanao Way and the Marina (90) Freeway within the highly prestigious beachside community of Marina Del Rey, California. Positioned at the first signalized intersection coming off the Marina (90) Freeway, the subject property is the prime outparcel within the highly trafficked Villa Marina Marketplace, a 419,518 square foot shopping center anchored by Pavilions, CVS & AMC Theatres. Situated on approximately 33,420 square feet of land, the subject property benefits from unmatched consumer exposure resulting from its’ prominent placement at the signalized hard corner of the Mindanao Way & Marina (90) Freeway intersection. Consumers traveling west along the Marina (90) Freeway are brought directly in front of the subject property, providing unmatched consumer exposure and identity to Jerry’s Famous Deli. The subject property is surrounded by an affluent residential community comprised of dense multi-family units & condominiums, resulting in an infill residential consumer base within extremely close proximity of the subject property. Immediately adjacent to the north is the Marina Loft District, a collection of approximately 1,600+ new luxury condo & apartment units that are either completed, planned or currently under construction. As a result there is a heavy amount of foot traffic throughout the trade area coupled with the constant flow of vehicular traffic. This density can be clearly seen any day by looking at the constantly filled parking lot within Villa Marina Marketplace. Villa Marina Marketplace serves as the dominant grocery/drug anchored shopping center within the trade area and accordingly experiences very little vacancy due to heavy consumer traffic. Tenants within Villa Marina Marketplace include: Pavilions, CVS, AMC Theaters, Citibank, Jamba Juice, Men’s Warehouse, Hallmark, TMobile, Radio Shack, Bank of America, Panda Express, Fatburger, Quizno’s, The UPS Store, Barnes & Noble, State Farm Insurance, Sport Chalet, Ann Taylor Loft, The Gap, Express, Victoria’s Secret, GameStop, Jenny Craig, LA Fitness and Souplantation. Approximately 1/2 mile away is the Marina Del Rey Hospital (formerly Centinela Freeman Regional Medical Center) a 145-bed acute care hospital offering basic medical and surgical services as well as 24/7 emergency care. Additionally, the hospital has a rehab center which has treated a variety of celebrities in recent history. Just 1 mile south is Fisherman’s Village, one of the largest man-made small boat harbors in the world, with about 5,300 leisure boats and yachts. Within the village are a few restaurants, souvenir shops and various activity rentals. In 1997, the Los Angeles Times was quoted as saying Fisherman’s Village was “perhaps the county’s most valuable resource.” Approximately 1.5 miles south along Pacific Coast Highway is Loyola Marymount University, a premier private university with 2009 total enrollment of nearly 9,000 students. Just five miles south is the Los Angeles International Airport (LAX), the seventh busiest airport in the world, with over 59 million passengers in 2009. It is the busiest airport in California in terms of flight operations, passenger traffic and cargo and is the only U.S. airport to serve 3 or more international destinations with ridership of at least a million passengers per year.
The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of January 2010.