Studio City Retail for Sale - Studio/Universal Cities
Pegasus Investments Real Estate Advisory is pleased to offer the extremely rare opportunity to acquire a fully leased, 4,218-square-foot flagship medical retail property along Ventura Boulevard in Studio City, California, one of Los Angeles’ most dynamic and tightly held retail corridors (the “Property”). The Property is leased to Cedars-Sinai, an investment-grade credit tenant with approximately $8 billion in annual revenue, under a 10-year lease (7 Years Remaining) featuring 3% annual rent increases and a Fair Market Value reset option, providing investors with inflation-protected cash flow and long-term rent growth potential. Cedars-Sinai’s substantial $2 million tenant improvement investment in 2023 underscores its commitment to this location and its strategic importance within the organization’s expanding Los Angeles County footprint.
Cedars-Sinai occupies the space in partnership with Tia, a rapidly growing women’s healthcare platform that operates 11 national clinics (six in Los Angeles County) and has aligned with major health systems such as CommonSpirit Health and UCSF Health. The Cedars-Sinai x Tia partnership has already served over 100,000 women in Southern California, expanding access to integrated women’s healthcare and establishing this site as a cornerstone of Cedars-Sinai’s next-generation medical strategy. The combination of credit tenancy, essential healthcare use, and modern buildout offers investors a durable, mission-driven tenant with long-term operational stability.
Strategically positioned between Laurel Canyon and Coldwater Canyon, the Property enjoys prime Ventura Boulevard frontage along a 93-walk-score corridor with over 45,000 vehicles per day. The surrounding trade area features over 150 retailers and 600+ public parking spaces, including national brands such as Lululemon, Sephora, Warby Parker, Urban Outfitters, Trader Joe’s, and Free People, alongside popular local dining destinations like Granville, Mendocino Farms, and Art’s Deli. The Property also benefits from its location between two major retail and entertainment anchors, The Shops at Sportsmen’s Lodge, anchored by Erewhon and Equinox, and CBS’s Radford Studio Center, currently undergoing a $1 billion redevelopment. Within a short drive are Universal Studios Hollywood, Warner Bros. Studios, and Westfield Fashion Square, adding to the area’s enduring retail and visitor traffic.
The Property is located in one of Los Angeles’ most affluent submarkets, with nearly 200,000 residents living within a three-mile radius and average household incomes exceeding $120,000. Two-thirds of nearby households consist of families, and 57% of the population identifies as female, directly aligning with the tenant’s women’s health mission. Surrounded by elite private schools such as Harvard-Westlake, Campbell Hall, and The Buckley School, the Property benefits from daily visitation by families and professionals who drive consistent retail and medical demand. With its credit tenancy, prime infill location, irreplaceable positioning, and proven rent growth corridor, this offering presents investors with a rare opportunity to acquire a best-in-class, long-term leased medical retail asset in the heart of Studio City.
