Former Rite Aid, Culver Center
18,400 SF free standing former Rite Aid located at the one of the busiest intersections in LA
Marketing description
Newmark Capital Markets is pleased to present the opportunity to acquire a one of a kind Trophy Asset, on the market for the first time in over 50 years. The subject property contains an 18,400 SF free standing former Rite Aid located at the one of the busiest intersections in Los Angeles, at the corner of Overland Avenue and Venice Boulevard, in the heart of Culver City, CA . The subject property is shadow anchored by Culver Center, a 240,000 SF Power Center, featuring Best Buy, Ralph’s, LA Fitness among several shop spaces. Culver Center has historically seen very low vacancy rates.
Investment highlights
Freestanding Building with excellent street front presence
Shadow Anchored by Best Buy, Ralph’s & LA Fitness
Strategically located with easy access to both I-405 & I-10
Strong Demographics with ± $144,384 HHI within 2 miles
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