4901-4929 Sepulveda Blvd - Storefront FOR SALE


Culver City, CA 90230
$8,835,000 USD
901-277-3093
4901-4929 Sepulveda Blvd, Culver City, CA for Sale
$8,835,000 USD
Storefront - FOR SALE
1/7
null | 6.01% Cap Rate

4901-4929 Sepulveda Blvd
Culver City, CA 90230


HIGHLIGHTS

  • ±18-Year Average Tenant Tenure
  • Highly Leasable 800-2,500 SF Shop Spaces
  • More than 32,321 residents with an average household income of $184,533 within one mile
  • Signalized Sepulveda Blvd Location | ±30,760 CPD
  • Limited New Retail Supply — Less than 3,500 SF of retail is currently under construction within a three-mile radius. (CoStar)

OVERVIEW

Progressive Real Estate Partners is pleased to present the opportunity to acquire 4901–4929 Sepulveda Boulevard, Culver City, an irreplaceable infill multi-tenant retail center in Los Angeles. The Property features below-market in-place rents averaging $2.91/SF/month, ±18 years of average tenant tenure, NNN lease structures and highly leasable 800–2,500 SF shop spaces within a supply-constrained retail market with just 3.19% vacancy among spaces below 3,000 SF within a one-mile radius. The Property is surrounded by a dense and affluent customer base, with 32,321 residents and an average household income of $184,533 within one mile, expanding to 123,948 residents and $176,863 average household income within two miles. Located at the signalized intersection of Sepulveda Boulevard and Lucerne Avenue, the Property benefits from prominent pylon signage and exposure to ±30,760 vehicles per day.

FOR SALE DETAILS

PRICE

$8,835,000 USD

PRICE/SF

$609 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

CROSS STREETS

Lucerne Ave

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

C2

APN/PARCEL ID

4215-031-033

ASK ABOUT THIS PROPERTY

Lance MordachiniProgressive Real Estate PartnersMore Info
901-277-3093

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Lance MordachiniProgressive Real Estate PartnersMore Info
901-277-3093

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