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8055 W 3rd St 6,422 SF 100% Leased Retail Building Los Angeles, CA 90048 $12,000,000 ($1,868.58/SF) 5.23% Cap Rate
Investment Highlights
- Fully leased retail pad with tenants including Sweetgreen, Verve Coffee, and Uncle Paulie's.
- ± 13,933 SF lot with ± 6,422 SF of improvements.
- Strong demographics with over 40,000 residents within a 1-mile radius and an average household income exceeding $100,000.
- High visibility property benefiting from ± 20,743 Average Annual Daily Traffic.
Executive Summary
Colliers is pleased to present the opportunity to acquire 8055 W. 3rd Street, a ±6,422 square foot, fully leased, multi-tenant retail pad located in the highly sought-after Beverly Grove neighborhood of Los Angeles. The property is occupied by Verve Coffee Roasters, Uncle Paulie’s Deli, and Sweetgreen.
Verve Coffee Roasters and Sweetgreen have each operated at this location for over a decade, demonstrating strong tenancy stability and long-term commitment to the site. Under the NNN lease structure, tenants are responsible for all operating expenses, providing investors with predictable cash flow and minimal landlord responsibilities.
The asset benefits from exceptional surrounding demographics, with over 40,000 residents within a one-mile radius and an average household income exceeding $100,000.
This offering represents a rare opportunity to acquire a stabilized NNN retail asset in the heart of Los Angeles, within one of the city’s most affluent and prestigious neighborhoods
Verve Coffee Roasters and Sweetgreen have each operated at this location for over a decade, demonstrating strong tenancy stability and long-term commitment to the site. Under the NNN lease structure, tenants are responsible for all operating expenses, providing investors with predictable cash flow and minimal landlord responsibilities.
The asset benefits from exceptional surrounding demographics, with over 40,000 residents within a one-mile radius and an average household income exceeding $100,000.
This offering represents a rare opportunity to acquire a stabilized NNN retail asset in the heart of Los Angeles, within one of the city’s most affluent and prestigious neighborhoods
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,422 SF
Building Class
B
Year Built/Renovated
1970/2015
Price
$12,000,000
Price Per SF
$1,868.58
Cap Rate
5.23%
NOI
$627,046
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.32 AC
Zoning
C2-1VL-O
Parking
32 Spaces (4.97 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
Walk Score®
Walker's Paradise (96)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5511-022-016 | Improvements Assessment | $2,919,999 |
| Land Assessment | $3,064,654 | Total Assessment | $5,984,653 |
Property Taxes
Parcel Number
5511-022-016
Land Assessment
$3,064,654
Improvements Assessment
$2,919,999
Total Assessment
$5,984,653
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8055 W 3rd St
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