8701 La Tijera Blvd offers investors a 12,896 square foot, two-story retail and office building on a corner lot with frontage on both La Tijera Boulevard and Truxton Avenue. Built in 1955, the building is fully occupied.? Lease structure is mixed by unit type: 8 street facing retail suites operate under triple net (NNN) leases covering 100% of CAM and 60% of Property Tax and Insurance, while the 13 professional-service office/retail suites, spanning the interior ground and second floor, operate under full-service gross (FSG) lease.
The property sits in the Westchester Triangle’s Commercial Historic District, a walkable retail and office corridor at the center of this Westside community, and benefits from weekly foot traffic from the Westchester Farmer’s Market.? The tenant roster, record store, a barbershop, threading salon, acupuncture clinic, beauty spa, insurance agency, self-defense studio, transportation company, and a bench of small professional-service office tenants, reflects a needs-based demand profile that supports durable occupancy. Current rents are below market rent, creating upside for a new owner as they turn.
For an investor seeking a fully occupied, mixed-use retail and office income stream with near term rollover upside and genuine Westside fundamentals, 8701 La Tijera Blvd fits the profile. This property can be sold together with the adjacent property located at 8711 La Tijera Blvd.