11826-11828 San Vicente Blvd - Storefront Retail/Office FOR SALE


Los Angeles, CA 90049- West Los Angeles
$10,648,280 USD
310-966-4352
11826-11828 San Vicente Blvd, Los Angeles, CA for Sale
$10,648,280 USD
Storefront Retail/Office - FOR SALE
1/13
null | 6% Cap Rate

11826-11828 San Vicente Blvd
Los Angeles, CA 90049
West Los Angeles


OVERVIEW

Retail | 6.00% CAP | 5,926 SqFt WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 11826 San Vicente Boulevard in Brentwood, Los Angeles, a single tenant triple net (NNN) leased retail property located along highly trafficked San Vicente Boulevard, just west of Barrington Avenue. 11826 San Vicente was built in 1950 and fully renovated in 2020, including building structure and systems. The property is approximately 5,926 rentable square feet of storefront retail building situated on approximately 8,751 square feet of land. It is located in the highly affluent and densely populated Brentwood neighborhood, where average household income is estimated at $144,033 within a one-mile radius. 11826 San Vicente is currently leased to a single-tenant, milk + honey, a high-end med spa and salon, on a triple-net basis. The current rental rate is $53,241.40 per month, with annual 3% increases. The Initial Term of the Tenant's lease is set to expire on July 31, 2030, and has two (2) additional five (5) year options to extend. The Tenant is responsible for all operating expenses. The subject property is walking distance to dozens of restaurants and other amenities, including: Mendocino Farms, Whole Foods Market, Sugarfish, Baltaire, Barry's Brentwood, Starbucks, Katsuya, and more. There is also a Wells Fargo Bank, Chevron, CVS, and a Bank of America all on the same corner. The area boasts a walk score of 92 (Walker's Paradise).

FOR SALE DETAILS

PRICE

$10,648,280 USD

PRICE/SF

$1,797 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11826 San Vicente Boulevard

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,742 SF

ZONING

LAC1.5-1VL

APN/PARCEL ID

4265-018-009

ASK ABOUT THIS PROPERTY

T.C. MackerWESTMAC Commercial Brokerage CompanyMore Info
310-966-4352

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T.C. MackerWESTMAC Commercial Brokerage CompanyMore Info
310-966-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.