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9517-9523 Culver Blvd 6,369 SF 100% Leased Retail Building Culver City, CA 90232 $9,721,754 CAD ($1,526.42 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased Retail Investment - Tenants include: Tender Green's + Intuit Turbo Tax
- Surrounded by best-in-class retailers like Erewhon, Sephora, Trader Joes, Equinox and many more
- Over 35,000 cars per day and a 97 Walk Score
- Centrally located in the heart of Downtown Culver City
- Tech/Media/Entertainment neighbors include: Apple, Sony Pictures, Amazon Studios, HBO / Warner Media among others.
EXECUTIVE SUMMARY
CBRE is pleased to present for sale 9517-9523 Culver Boulevard, a fee simple retail investment opportunity in the heart of Downtown Culver City. This irreplaceable asset sits in one of the most dynamic and sought after neighborhoods in Southern California. Centrally located in the Downtown Culver City trade area, the property is surrounded by a diverse mix of established businesses and major tech media & entertainment employers, including Erewhon, Sephora, Mendocino Farms, Laurel Grill, Trader Joe’s, Apple, Amazon Studios, Sony Pictures, HBO / Warner Media, The Culver Hotel, Equinox, and many more. This prime location benefits from a 97 Walk Score, desirable demographics, and the continued growth of the area, including the highly successful Culver Steps retail project, Apple's new 550,000 SF Office + Apple TV Headquarters, in addition to
thousands of new multi-family units in completed projects such as Ivy Station and Cumulus District. The 100% occupied property offers the investor stable cashflow and minimal management oversight
thousands of new multi-family units in completed projects such as Ivy Station and Cumulus District. The 100% occupied property offers the investor stable cashflow and minimal management oversight
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,369 SF
Building Class
C
Year Built/Renovated
1921/1942
Price
$9,721,754 CAD
Price Per SF
$1,526.42 CAD
Cap Rate
5.50%
NOI
$534,677 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.22
Lot Size
0.12 AC
Zoning
C3, Culver City - Commercial
Frontage
54’ on Culver Blvd
AMENITIES
- Restaurant
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,576,661 CAD | |
| Land Assessment | $5,439,504 CAD | Total Assessment | $9,016,166 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,439,504 CAD
Improvements Assessment
$3,576,661 CAD
Total Assessment
$9,016,166 CAD
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9517-9523 Culver Blvd
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