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9432 Venice Blvd 10,032 SF Office Building Culver City, CA 90232 $13,500,000 ($1,345.69/SF) 3.83% Cap Rate
Investment Highlights
- Prime location in the heart of Downtown Culver City, walking distance to Main Street.
- Seismically retrofitted structure
- Positioned in a mixed-use zoning area with potential redevelopment upside
- Fully leased to a national healthcare tenant (Fresenius Medical Care)
- Located in a high-demand Culver City corridor with strong traffic and visibility
- Close to major transportation routes and within a vibrant commercial district
Executive Summary
Can be developed with 10,000 sqft with retail on ground floor & 70 to 75 residential units. Currently leased to Fresenius Medical Care w/ 5 years remaining & 5-year option at market. Tenant has no prop 13 protection. Tenant to pay any increase in property taxes over a base year of $15,125. Brick building seismically retrofitted. Sits in City of Los Angeles zoning requirements. Please see OM & call listing office with any questions.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
10,032 SF
Building Class
C
Year Built
1948
Price
$13,500,000
Price Per SF
$1,345.69
Cap Rate
3.83%
NOI
$516,689
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,032 SF
Building FAR
0.44
Lot Size
0.52 AC
Zoning
LAC2 - Commercial
C1.5 Uses; Retail w/ Limited
Manufacturing, Service Stations
and Garages, Retail Contr.
Business, Churches, Schools, Auto
Sales, R4 Uses
Parking
20 Spaces (1.99 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- 10,032 SF
- -
- -
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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | 10,032 SF | - | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4206-028-020 | Improvements Assessment | $1,039,876 |
| Land Assessment | $321,141 | Total Assessment | $1,361,017 |
Property Taxes
Parcel Number
4206-028-020
Land Assessment
$321,141
Improvements Assessment
$1,039,876
Total Assessment
$1,361,017
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9432 Venice Blvd
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