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8946 S Sepulveda Blvd 13,978 SF Retail Building Los Angeles, CA 90045 $15,300,000 ($1,094.58/SF) 6% Cap Rate
Investment Highlights
- Located Along the Highly Trafficked Pacific Coast Highway
- Prominent Building and Pylon Signage Providing Tremendous Property and Company Identity
- Potential Owner-User | Redevelopment | High Identity Location
- Signalized Hard Corner Location on the Area’s Primary Arterials
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
13,978 SF
Building Class
C
Year Built
1949
Price
$15,300,000
Price Per SF
$1,094.58
Cap Rate
6%
NOI
$918,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.56
Lot Size
0.57 AC
Zoning
LAC2 - Commercial
Frontage
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 4123-001-028 | Improvements Assessment | $3,140,141 |
| Land Assessment | $2,462,853 | Total Assessment | $5,602,994 |
Property Taxes
Parcel Number
4123-001-028
Land Assessment
$2,462,853
Improvements Assessment
$3,140,141
Total Assessment
$5,602,994
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8946 S Sepulveda Blvd
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