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20800505
20800504

3843 Main St, Culver City, CA 90232

AP
CA CA 010686613
Par Commercial Brokerage
DG
CA 01084422, WI
Newmark | Los Angeles - Century City
RP
CA 00960188
Par Commercial Brokerage
JD
Newmark
Listed by Par Commercial Brokerage, Newmark | Los Angeles - Century City, Newmark
$17,500,000
560 days on market
Updated 14 days ago

3843 Main St

Details
APN 4206-028-017
Property Type Office, Retail
Sub Type Executive Office
Square Footage 19,201
Cap Rate 5.69%
Price per SqFt $1,095
Lot Size (SqFt) 9,787
Zoning CG
Ground Lease No

Office | 5.69% CAP | 19,201 SqFt

Marketing description

Newmark and PAR Commercial Brokerage are pleased to present the opportunity to acquire the retail/office property at 3843 Main Street, Culver City, CA 90232 (hereafter referred to as the “Property,” “Project,” or “Center”). The property consists of approximately 17,386 square feet building on 9,787-square feet land, comprised of 4 restaurant spaces on the ground floor and second floor co working office space. Currently, the property features tenants such as Public School, Latea Lounge, Monty’s Good Burger, and Ippudu Ramen. Located at the northwest corner of the signalized intersection of Culver Boulevard and Main Street, is located at the main intersection of Downtown Culver City. The property boasts an exceptional location in the heart of Culver City, with excellent access to the Santa Monica (10) Freeway and proximity to the Culver City Metro Station. It is just minutes away from many new mixed-use retail developments such as the Culver Steps and Culver Platform, anchored by tenants such as Bianca, Aesop, Reformation and Erewhon. Not only is Downtown Culver a destination for both locals and visitors, it’s a major hub for the biggest name tech and entertainment companies in the world like Sony, Tik Tok and Apple, just to name a few. This area is characterized by its dynamic mix of commercial and residential developments, making it attractive to families and young professionals. The strategic location enhances the property’s potential to capitalize on the region’s continued growth and demand for commercial space.

Investment highlights

  • Located at the main intersection of Downtown Culver City, there is no better location than this in the neighborhood.
  • Excellent opportunity for an investor with ground floor retail 100% leased.
  • Second floor creative office space available for owner user to occupy.
  • All retail units on the ground floor are fully built out restaurants.
  • Within one block of four public parking structures.
  • Across the street from The Culver Steps and Culver Hotel.
  • Culver Studios and Sony Picture Studios in walking distance.
  • Within blocks on several new creative office buildings which are home to Amazon, Sony, Apple, HBO.
  • Nearby to Culver City station of the Metro Expo Line.
  • Recent development have drastically increased the demographics and average income in the Culver City sub-market.

Listing Contacts

AP
CA CA 010686613
Par Commercial Brokerage
DG
CA 01084422, WI
Newmark | Los Angeles - Century City
RP
CA 00960188
Par Commercial Brokerage
JD
Newmark
Listed by Par Commercial Brokerage, Newmark | Los Angeles - Century City, Newmark

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Additional Information

Name
Arthur Peter
License
CA 010686613
Brokerage
Arthur Peter
Title
Principal
Brokerage Address
1250 6th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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