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9432 Venice Blvd 10,032 SF Office Building Culver City, CA 90232 $18,455,176 CAD ($1,839.63 CAD/SF) 3.83% Cap Rate

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Investment Highlights

  • Prime location in the heart of Downtown Culver City, walking distance to Main Street.
  • Seismically retrofitted structure
  • Positioned in a mixed-use zoning area with potential redevelopment upside
  • Fully leased to a national healthcare tenant (Fresenius Medical Care)
  • Located in a high-demand Culver City corridor with strong traffic and visibility
  • Close to major transportation routes and within a vibrant commercial district

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.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Medical
Building Size
10,032 SF
Building Class
C
Year Built
1948
Price
$18,455,176 CAD
Price Per SF
$1,839.63 CAD
Cap Rate
3.83%
NOI
$706,340 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,032 SF
Building FAR
0.44
Lot Size
0.52 AC
Zoning
LAC2 - Commercial
Parking
24 Spaces (2.39 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • 10,032 SF
  • -
  • -

Fresenius Kidney Care traces its origins to 1912 when Dr. Eduard Fresenius established the parent company in Germany. The organization became a global leader in dialysis services after merging with National Medical Care in 1996. Today, it operates thousands of dialysis clinics worldwide while producing essential equipment like dialysis machines and dialyzers. The company provides both in-center hemodialysis and home dialysis options through its extensive network. Fresenius remains focused on delivering comprehensive kidney care solutions across the entire value chain.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance 10,032 SF - -
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
4206-028-020
Land Assessment
$439,016 CAD
Improvements Assessment
$1,421,563 CAD
Total Assessment
$1,860,578 CAD
  • Listing ID: 26417401

  • Date on Market: 2022-08-17

  • Last Updated:

  • Address: 9432 Venice Blvd, Culver City, CA 90232

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