Sarkis Realty Inc
Sarkis Realty Inc
Listed by Sarkis Realty Inc
$6,600,000
Hollywood & La BreaShopping Center For Sale
Details
APN 5548008042
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 5,603
Net Rentable (SqFt) 5,603
Cap Rate 5.3%
NOI $350,016
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $1,205
Year Built 1980
Buildings 1
Stories 1
Lot Size (SqFt) 10,869
Zoning (Q)C4-2D-CPIO
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Retail | 5,603 SqFt
Marketing description
Presenting a Generational Opportunity Located in the Heart of Hollywood at the signalized SW corner of Hollywood & La Brea. First time on the market in over 38 years. This property offers an investor a rare and unique opportunity to acquire a trophy property within walking distance to many of Hollywood's top attractions including the Hollywood Walk of Fame, The TCL Chinese Theatre and the Dolby Theatre. There are over $5.3 Billion in current and near term development projects within 3 miles of the property. The property has recently undergone several improvements including a fresh new Santa Barbara inspired paint scheme, re-sealing of the roof and re-striping of the parking lot.
Investment highlights
Fully leased shopping center in the heart of Hollywood.
Listing Contacts
Sarkis Realty Inc
Sarkis Realty Inc
Listed by Sarkis Realty Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$350,016.00
$29,168.00/mo
Valuation Metrics
0
DSCR
5.3%
Cap Rate
5.3%
ROI
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