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Rite Aid 3802 Culver Ctr 18,400 SF Retail Building Culver City, CA 90232 For Sale
INVESTMENT HIGHLIGHTS
- Freestanding Building with excellent street front presence
- Shadow Anchored by Best Buy, Ralph’s & LA Fitness
- Strategically located with easy access to both I-405 & I-10
- Strong Demographics with ± $144,384 HHI within 2 miles
EXECUTIVE SUMMARY
Newmark Capital Markets is pleased to present the opportunity to acquire a one of a kind Trophy Asset, on the market for the first time in over 50 years. The subject property contains an 18,400 SF free standing former Rite Aid located at the one of the busiest intersections in Los Angeles, at the corner of Overland Avenue and Venice Boulevard, in the heart of Culver City, CA . The subject property is shadow anchored by Culver Center, a 240,000 SF Power Center, featuring Best Buy, Ralph’s, LA Fitness among several shop spaces. Culver Center has historically seen very low vacancy rates.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,400 SF
Building Class
B
Year Built/Renovated
1954/2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.94 AC
Zoning
CCC3*
Parking
45 Spaces (2.45 Spaces per 1,000 SF Leased)
Frontage
124’ on Culver
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4208-016-020 | Improvements Assessment | $1,145,297 |
| Land Assessment | $551,861 | Total Assessment | $1,697,158 |
PROPERTY TAXES
Parcel Number
4208-016-020
Land Assessment
$551,861
Improvements Assessment
$1,145,297
Total Assessment
$1,697,158
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Rite Aid | 3802 Culver Ctr
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