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11826 San Vicente Boulevard 11826-11828 San Vicente Blvd 5,926 SF Retail Building Los Angeles, CA 90049 $14,749,253 CAD ($2,488.91 CAD/SF) 6% Cap Rate
Executive Summary
Retail | 6.00% CAP | 5,926 SqFt
WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 11826 San Vicente Boulevard in Brentwood, Los Angeles, a single tenant triple net (NNN) leased retail property located along highly trafficked San Vicente Boulevard, just west of Barrington Avenue.
11826 San Vicente was built in 1950 and fully renovated in 2020, including building structure and systems. The property is approximately 5,926 rentable square feet of storefront retail building situated on approximately 8,751 square feet of land. It is located in the highly affluent and densely populated Brentwood neighborhood, where average household income is estimated at $144,033 within a one-mile radius.
11826 San Vicente is currently leased to a single-tenant, milk + honey, a high-end med spa and salon, on a triple-net basis. The current rental rate is $53,241.40 per month, with annual 3% increases. The Initial Term of the Tenant's lease is set to expire on July 31, 2030, and has two (2) additional five (5) year options to extend. The Tenant is responsible for all operating expenses.
The subject property is walking distance to dozens of restaurants and other amenities, including: Mendocino Farms, Whole Foods Market, Sugarfish, Baltaire, Barry's Brentwood, Starbucks, Katsuya, and more. There is also a Wells Fargo Bank, Chevron, CVS, and a Bank of America all on the same corner. The area boasts a walk score of 92 (Walker's Paradise).
WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 11826 San Vicente Boulevard in Brentwood, Los Angeles, a single tenant triple net (NNN) leased retail property located along highly trafficked San Vicente Boulevard, just west of Barrington Avenue.
11826 San Vicente was built in 1950 and fully renovated in 2020, including building structure and systems. The property is approximately 5,926 rentable square feet of storefront retail building situated on approximately 8,751 square feet of land. It is located in the highly affluent and densely populated Brentwood neighborhood, where average household income is estimated at $144,033 within a one-mile radius.
11826 San Vicente is currently leased to a single-tenant, milk + honey, a high-end med spa and salon, on a triple-net basis. The current rental rate is $53,241.40 per month, with annual 3% increases. The Initial Term of the Tenant's lease is set to expire on July 31, 2030, and has two (2) additional five (5) year options to extend. The Tenant is responsible for all operating expenses.
The subject property is walking distance to dozens of restaurants and other amenities, including: Mendocino Farms, Whole Foods Market, Sugarfish, Baltaire, Barry's Brentwood, Starbucks, Katsuya, and more. There is also a Wells Fargo Bank, Chevron, CVS, and a Bank of America all on the same corner. The area boasts a walk score of 92 (Walker's Paradise).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,926 SF
Building Class
B
Year Built/Renovated
1950/2020
Price
$14,749,253 CAD
Price Per SF
$2,488.91 CAD
Cap Rate
6%
NOI
$884,955 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.68
Lot Size
0.20 AC
Zoning
LAC1.5-1VL - Commercial
Parking
11 Spaces (1.86 Spaces per 1,000 SF Leased)
Frontage
51’ on San Vicente Blvd
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4265-018-009 | Improvements Assessment | $3,153,541 CAD |
| Land Assessment | $12,626,940 CAD | Total Assessment | $15,780,481 CAD |
Property Taxes
Parcel Number
4265-018-009
Land Assessment
$12,626,940 CAD
Improvements Assessment
$3,153,541 CAD
Total Assessment
$15,780,481 CAD
Contacts
-
T.C. Macker -
Willa McNamarra Fields -
Woody Cook -
Colin Fields -
Ani Khrshyan -
WESTMAC Commercial Brokerage Company
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11826 San Vicente Boulevard | 11826-11828 San Vicente Blvd
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