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Off Market
1/1

1841 N Western Ave
Los Angeles, CA 90027


HIGHLIGHTS

  • Excellent Location with Substantial Residential or Commercial Development Opportunity.
  • Large 1.26 AC Lot Zoned LAC4 with Tier 3 TOC Program
  • Occupied by Rite Aid for Over 25 Years with NNN Lease
  • Potential Additional Opportunity to Acquire Adjacent Lots:

OVERVIEW

Azzi Advisors of Marcus & Millichap is pleased to present the rare opportunity to acquire this single-tenant retail property located at 1841 North Western Avenue in Los Angeles, California. Built in 1963, this single-tenant property is composed of 24,354 square feet of gross leasable area and is situated on a large 1.26 acre lot zoned LAC4 and classified Tier 3 by the TOC Program, allowing for future development. Rite Aid, the current tenant, pharmacy, has an existing lease ending January 31, 2023 with option to terminate after June 1, 2019 with 270 day notice, leaving the Buyer numerous exit strategies. ***ALL OFFERS DUE APRIL 27TH ***

FOR SALE DETAILS

PRICE

-

CAP RATE

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% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront Retail/Residential, Supermarket

TOTAL BUILDING SIZE

31000

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

5544-004-035