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Theory 13038 San Vicente Blvd 9,364 SF Retail Building Los Angeles, CA 90049 $30,967,662 CAD ($3,307.10 CAD/SF) 5% Cap Rate
Investment Highlights
- Irreplaceable San Vicente Trophy Asset – Theory represents a generational acquisition opportunity along San Vicente Blvd
- Premier Brentwood Retail Corridor – Positioned immediately adjacent to the Brentwood Country Mart and Brentwood Town Center
- New, Long Term NNN Lease – Theory recently signed a 10–year NNN lease (2035 expiration) with attractive 3% annual increases
- Coveted San Vicente Blvd Location – Prime visibility, steady foot and vehicle traffic, and a captive affluent clientele
Executive Summary
* Irreplaceable San Vicente Trophy Asset – Theory represents a generational acquisition opportunity along San Vicente Blvd in one of Los Angeles’ most prestigious neighborhoods, supported by strong population density, consistent growth, and proven value retention
* New, Long Term NNN Lease – Theory recently signed a 10–year NNN lease (2035 expiration) with attractive 3% annual increases, including one 5–year option to renew, demonstrating the tenant’s strong commitment to this location
* Premier Brentwood Retail Corridor – Positioned immediately adjacent to the Brentwood Country Mart and Brentwood Town Center, two of West LA’s most prestigious lifestyle destinations. These open-air retail villages draw a steady stream of affluent residents, shoppers, and visitors year-round
* Coveted San Vicente Blvd Location – Prime visibility, steady foot and vehicle traffic, and a captive affluent clientele. Nestled in West LA’s luxury core, surrounded by high-end residences with household incomes exceeding $350K within 1 mile, where virtually no new retail development is permitted
* New, Long Term NNN Lease – Theory recently signed a 10–year NNN lease (2035 expiration) with attractive 3% annual increases, including one 5–year option to renew, demonstrating the tenant’s strong commitment to this location
* Premier Brentwood Retail Corridor – Positioned immediately adjacent to the Brentwood Country Mart and Brentwood Town Center, two of West LA’s most prestigious lifestyle destinations. These open-air retail villages draw a steady stream of affluent residents, shoppers, and visitors year-round
* Coveted San Vicente Blvd Location – Prime visibility, steady foot and vehicle traffic, and a captive affluent clientele. Nestled in West LA’s luxury core, surrounded by high-end residences with household incomes exceeding $350K within 1 mile, where virtually no new retail development is permitted
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,364 SF
Building Class
C
Year Built
2014
Price
$30,967,662 CAD
Price Per SF
$3,307.10 CAD
Cap Rate
5%
NOI
$1,548,358 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.77
Lot Size
0.28 AC
Zoning
LAC1 - Limited Commercial
Parking
38 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
73’ on San Vicente Blvd
Amenities
- 24 Hour Access
- Bus Line
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4264-001-004 | Improvements Assessment | $13,191,980 CAD |
| Land Assessment | $11,107,138 CAD | Total Assessment | $24,299,118 CAD |
Property Taxes
Parcel Number
4264-001-004
Land Assessment
$11,107,138 CAD
Improvements Assessment
$13,191,980 CAD
Total Assessment
$24,299,118 CAD
Contacts
-
Erin Smith -
James Tyrrell -
Jimmy Slusher -
Mark Damiani -
Shaya Northrup -
Nicole Bose -
CBRE
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Theory | 13038 San Vicente Blvd
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