8946 S Sepulveda Blvd - Bank FOR SALE


Los Angeles, CA 90045- Westchester
$15,300,000 USD
213-298-3593
8946 S Sepulveda Blvd, Los Angeles, CA for Sale
$15,300,000 USD
Bank - FOR SALE
1/3
null | 6% Cap Rate

8946 S Sepulveda Blvd
Los Angeles, CA 90045
Westchester


HIGHLIGHTS

  • Located Along the Highly Trafficked Pacific Coast Highway
  • Potential Owner-User | Redevelopment | High Identity Location
  • Prominent Building and Pylon Signage Providing Tremendous Property and Company Identity
  • Signalized Hard Corner Location on the Area’s Primary Arterials

OVERVIEW

Newmark Pacific Capital Markets is pleased to present to qualified investors the opportunity to acquire a single tenant absolute NNN Bank of America, consisting of 13,978 square feet on a large 0.57-acre parcel located along the Pacific Coast Highway (Sepulveda Blvd.) in the City of Westchester. The value proposition for an investor and/or owner-user is the ability to mark Bank of America to market rent in December 2027. Currently paying well below market rent of $11.19 per square foot annually in a market supporting rents of $60-72 per square foot, makes this an intriguing and unique opportunity in a high barrier to entry, affluent, and highly educated submarket.

FOR SALE DETAILS

PRICE

$15,300,000 USD

PRICE/SF

$1,095 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

LAC2

APN/PARCEL ID

4123-001-028

ASK ABOUT THIS PROPERTY

William BaumanNewmarkMore Info
213-298-3593

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William BaumanNewmarkMore Info
213-298-3593

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