Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

9432 Venice Blvd 10,032 SF Office Building Culver City, CA 90232 $18,844,921 CAD ($1,878.48 CAD/SF) 3.83% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Prime location in the heart of Downtown Culver City, walking distance to Main Street.

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.

Offering Memorandum

PROPERTY FACTS

Sale Type

Investment

Sale Condition

Redevelopment Project

Property Type

Office

Property Subtype

Medical

Building Size

10,032 SF

Building Class

Year Built

1948

Price

$18,844,921 CAD

Price Per SF

$1,878.48 CAD

Cap Rate

3.83%

NOI

$721,257 CAD

Tenancy

Single

Building Height

1 Story

Typical Floor Size

10,032 SF

Building FAR

0.45

Lot Size

0.52 AC

Zoning

MU (EC) - Neighborhood Commercial, Development, Retail, Office, Medical, Multifamily, Mixed Use, Many Uses Available. Verify MU (EC) Zoning.

Parking

24 Spaces (2.39 Spaces per 1,000 SF Leased)

24 Hour Access

MAJOR TENANTS

Health Care and Social Assistance
10,032 SF
-
-

At Fresenius Kidney Care, they're passionately committed to helping people with chronic kidney disease (CKD) and end stage kidney disease (ESKD), also known as end stage renal disease (ESRD), lead fuller and more active lives. Fresenius Kidney Care, a division of Fresenius Medical Care, serves hundreds of thousands of patients in thousands of centers nationwide. As the worldwide leader in kidney disease, they strive to provide the highest-quality care to help people live longer, healthier lives. They understand that helping people live a vibrant and more active life goes beyond providing the best dialysis care. It’s about caring for the whole community. At Fresenius Kidney Care, they have several resources designed to meet emotional, medical, dietary, and financial literacy needs. This includes a library of downloadable tools available in their resource center.