Listed by WESTMAC
$6,925,000
Prime Culver City Center
Details
APN 4208-007-030
Property Type Retail, Multifamily
Sub Type Storefront, Shopping Center
Square Footage 7,371
Cap Rate 5.01%
NOI $347,035
Tenancy Multi
Year Built 1979
Lot Size (SqFt) 13,839
Zoning LAC2
Parking Spaces 15 spaces
Parking Per SqFt 2.04
Investment Type Stabilized
Ownership Fee Simple
Retail | 5.01% CAP | 7,371 SqFt
Investment highlights
- All lease expirations dates range from November 2027 to 2nd quarter 2035.
- All current tenants have been at the subject location for no less than fifteen [15] or more years and have consistently thrived.
- All tenants are current with regards to their respective leases and rental payments.
- Current owner enjoys excellent relationship with all tenants.
- Signalized intersection located at the SW corner of Venice and Motor Ave.
- Approx. ±127 feet of Venice Blvd. frontage; 50 feet of Motor frontage
- Fifteen [15] striped parking spaces
- Excellent egress and ingress as well as street visibility.
- Sellers are both highly respected physicians who have owned the subject property for ± 25 years. First time on the market since 2000.
- Pride of ownership asset.
- Long term redevelopment possibilities.
- Year built: 1979
- Annual Increase Between three [3%] to five [5%] percent per year increases for each tenant.
- Drone: https://video214.com/play/zRHzmoLujVFwUtJFeeWVwQ/s/dark
Listing Contacts
Listed by WESTMAC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$347,034.66
$28,919.55/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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