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8946 S Sepulveda Blvd 13,978 SF Retail Building Los Angeles, CA 90045 $20,792,700 CAD ($1,487.53 CAD/SF) 6% Cap Rate
Investment Highlights
- Located Along the Highly Trafficked Pacific Coast Highway
- Prominent Building and Pylon Signage Providing Tremendous Property and Company Identity
- Potential Owner-User | Redevelopment | High Identity Location
- Signalized Hard Corner Location on the Area’s Primary Arterials
Executive Summary
Newmark Pacific Capital Markets is pleased to present to qualified investors the opportunity to acquire a single tenant absolute NNN Bank of America, consisting of 13,978 square feet on a large 0.57-acre parcel located along the Pacific Coast Highway (Sepulveda Blvd.) in the City of Westchester. The value proposition for an investor and/or owner-user is the ability to mark Bank of America to market rent in December 2027. Currently paying well below market rent of $11.19 per square foot annually in a market supporting rents of $60-72 per square foot, makes this an intriguing and unique opportunity in a high barrier to entry, affluent, and highly educated submarket.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
13,978 SF
Building Class
C
Year Built
1949
Price
$20,792,700 CAD
Price Per SF
$1,487.53 CAD
Cap Rate
6%
NOI
$1,247,562 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.56
Lot Size
0.57 AC
Zoning
LAC2 - Commercial
Frontage
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 4123-001-028 | Improvements Assessment | $4,274,266 CAD |
| Land Assessment | $3,352,362 CAD | Total Assessment | $7,626,628 CAD |
Property Taxes
Parcel Number
4123-001-028
Land Assessment
$3,352,362 CAD
Improvements Assessment
$4,274,266 CAD
Total Assessment
$7,626,628 CAD
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8946 S Sepulveda Blvd
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