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for sale: westside in-line retail investment

Listing was updated on: 06/03/2019
for sale: westside in-line retail investment for sale: westside in-line retail investment for sale: westside in-line retail investment for sale: westside in-line retail investment for sale: westside in-line retail investment for sale: westside in-line retail investment for sale: westside in-line retail investment for sale: westside in-line retail investment

Property Overview

Price/Rent PSF Inquire
Asset Type Retail
Trade Type Sale
SQ. FT. Available 5,310
Date Available 11/27/2018
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Description

Location
The Property is located in a westside neighborhood called Del Rey. One mile and one half to the west and south of the Property is Marina Del Rey and Playa Vista. Downtown Culver City is under three miles to the northeast. This location is walking distance to Culver City's hot Washington Boulevard retail corridor which includes many restaurants (see retailer map). The Property is well connected to these areas through the thoroughfares of Culver Blvd, Short Ave, Washington Blvd and Centinela Ave.

The most unique element of this location is that the Los Angeles zoning for commercial property is constrained to only the three blocks from Short Ave. to Culver Blvd. Besides the commercial properties in Culver City on Washington Blvd., this commercial corridor presents the primary opportunity for retail in the one mile radius. This area is easy to get around with a Bike Score of 84.

Sale
Opportunity to purchase stable in-line retail property with great parking and significant rental rate upside. Immediate value-add potential when combined with the contiguous sale of 4555 Centinela Ave. Future development site, due to large combined lot and limited current improvement. The sparse commercial zoning creates a strong barrier to entry, which in tandem with the burgeoning Del Rey market provides a strategic advantage for investors.

Location

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