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8558 Washington Blvd 1,500 SF Office Building Culver City, CA 90232 $2,645,178 CAD ($1,763.45 CAD/SF) 4.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Creative Office in Culver City's sought-after Arts District
- Single-tenant, street-front identity, building signage
- On-site gate private parking / outdoor patio/workspace
- Concrete floors, skylight, bright workspace, exposed ductwork, flexible layout
- Ground-level roll-up door
- Central location with bike path, car and Expo Line Metro station close by, Coffee shops, Foodie dining, Arts
EXECUTIVE SUMMARY
Currently leased through August 2025 to The New Company Design Group, a dynamic and innovative creative marketing, design and branding company based out of San Francisco. The tenant has 1 3-year Option. With in-place income, this is an excellent opportunity to purchase an income property in Culver City's sought-after Arts District, with potential to be used by an Owner-User on the horizon, as well. Cap Rate / NOI is based upon the upcoming 9/1/24 scheduled 3.5% annual increase.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built
1958
Price
$2,645,178 CAD
Price Per SF
$1,763.45 CAD
Cap Rate
4.14%
NOI
$109,485 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,500 SF
Building FAR
0.69
Lot Size
0.05 AC
Zoning
CCC3YY - Commercial
Parking
6 Spaces (4 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- The New Co.
- Information
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| The New Co. | Information | 99,999 SF | - | - |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 4205-017-013 | Improvements Assessment | $87,622 CAD (2025) |
| Land Assessment | $67,258 CAD (2025) | Total Assessment | $154,880 CAD (2025) |
PROPERTY TAXES
Parcel Number
4205-017-013
Land Assessment
$67,258 CAD (2025)
Improvements Assessment
$87,622 CAD (2025)
Total Assessment
$154,880 CAD (2025)
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8558 Washington Blvd
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