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9432 Venice Blvd 10,032 SF Office Building Culver City, CA 90232 $11,950,000 ($1,191.19/SF) 5.77% Cap Rate

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Investment Highlights

Prime location in the heart of Downtown Culver City, walking distance to Main Street.
Tier 2 TOIA Zone, Transit Oriented Incentive Area (TOIA).
Positioned in a mixed-use zoning area with potential redevelopment upside

Fully leased to a national healthcare tenant (Fresenius Medical Care)
Tier 2 TOIA Zone, Transit Oriented Incentive Area (TOIA).
Close to major transportation routes and within a vibrant commercial district

Executive Summary

Can be developed with retail on ground floor & 70 to 120 residential units depending on unit mix and number of dedicated units. In the Tier 2 TOIA Zone, Transit Oriented Incentive Area (TOIA). Base density is 57 (1 dedicated unit/400sf). 4.5:1 FAR or 5.5:1 with 10% 3 bedrooms. Height limit 80 FT. 20% minimum nonresidential use. Property Sits on a 22,498 SF Lot with 175 Feet of Frontage Along Venice Blvd.
Currently leased to Fresenius Medical Care, 6 months remaining & one 5-year option starting February 1, 2027, at market. Rent is projected to go to $6 a foot a month or $72 per year plus 3% annual bumps. Tenant may be encouraged to move in 3 years or extend for 10. Tenant has no prop 13 protection. Tenant to pay any increase in property taxes over a base year rate of $15,125. Brick building seismically retrofitted. Please see OM & call Carl Lambert 310-663-6030 or Carl@Lambertinc.com with any questions.

Offering Memorandum

Financial Summary (Pro Forma - 2027)	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$689,000	$68.68

Financial Summary (Pro Forma - 2027)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$689,000
Annual Per SF	$68.68

Property Facts

Sale Type

Investment

Sale Conditions

Ground Lease (Leased Fee)

Property Type

Office

Property Subtype

Medical

Building Size

10,032 SF

Building Class

Year Built/Renovated

1948/2003

Price

$11,950,000

Price Per SF

$1,191.19

Cap Rate

5.77%

NOI

$689,000

Tenancy

Single

Building Height

1 Story

Typical Floor Size

10,032 SF

Building FAR

0.44

Lot Size

0.52 AC

Zoning

Tier 2 TOIA Zone - Tier 2 TOIA Zone, Transit Oriented Incentive Area (TOIA). Base density is 57 (1 dedicated unit/400sf). 4.5:1 FAR or 5.5:1 70to 120 units

Parking

20 Spaces (1.99 Spaces per 1,000 SF Leased)

24 Hour Access

Major Tenants

Health Care and Social Assistance
10,032 SF
$72.00
Double Net
Jan 2027

Fresenius Kidney Care originated in 1996 through a merger that created a global leader in renal services. The company operates thousands of dialysis clinics worldwide while also manufacturing essential dialysis equipment and supplies. The integrated business model combines direct patient care with pharmaceutical production. Fresenius Kidney Care maintains a presence in numerous countries through both treatment centers and production facilities, serving a significant population of patients requiring kidney disease management.