5529 Sepulveda Blvd., Culver City, CA 90230
Description
Property Overview
The subject property presents an investor an opportunity to purchase NNN leased retail building occupied by El Pollo Loco through December 2026. This rare drive-thru building offers a variety of future uses.
The tenant recently exercised their second and final options, which extends their lease to December 31, 2021. For the rest of 2020, their rent is $9,918.75. The lease also contains a percentage rent clause, which requires the tenant to pay 4% of their net sales above their rent amount.
This building is situated at the signalized corner of Sepulveda Blvd. and BerrymanAve. with an irreplaceable West LA location. Close to Playa Vista, Westfield Culver City, and Facebook LA.
Property Features
- Irreplaceable West LA location. Close to Playa Vista, Westfield Culver City, and Facebook LA.
- Lot size: 18,417 Sq.Ft.
- Signalized corner of Sepulveda Blvd.
- Building size: 2,234 Sq.Ft.
- Rare drive-thru excellent for future uses
- Traffic count is approximately 60,000cars/day
- NNN leased with strong operator
- Percentage lease that includes 4% of net sales with minimum rent of $9,918.75/month until December 31st 2021. Thereafter, a minimum monthly rent of $11,406.56 until December 31st 2026.
Area Overview: Culver City
Culver City is a suburb of Los Angeles and is one of the best places to live in California. Living in Culver City offers residents an urban/suburban feel. There are a lot of bars, restaurants, coffee shops, and parks. Many young professionals live in Culver City and the public schools are highly rated. The city is soaked in moviemaking history, features a buzzing dining and nightlife scene, which includes globally inspired eateries, gastropubs and cozy cocktail bars. Occupying the MGM lot, which dates back to 1924, Sony Pictures Studios offers behind-the-scenes tours of its legendary sound stages. Other cultural highlights include spare but sophisticated art galleries, playhouses and the storied Culver Hotel. In the early 1990’s, Culver City launched a successful revitalization program in which it renovated its downtown as well as several shopping centers in the Sepulveda Boulevard corridor near Westfield Culver City. The influx of many art galleries and restaurants to the eastern part of the city led to the creation of the Culver City Art District.
Address
-
Address 5529 Sepulveda Blvd, Culver City, CA 90230, USA
-
Country United States
-
Postal code/ZIP 90230
Get Directions
Contact
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093