5318 Vermont Ave, Los Angeles, CA 90037
11,198 SF | 100% Leased | Retail Building | Los Angeles, CA 90037 | $5,699,999 ($509/SF) | 5.31% Cap Rate
For Sale
Active
33 pictures
Asking Price $5,699,999
- Property Type
-
Retail
- Square Feet
- 11,198 SF
- Price / Square Foot
- $509
Listing Contacts
Aziz Bhamani
Property Overview
Core+ investment opportunity in a prime Enterprise Zone with a national tenant (7-ELEVEN) anchor and a coveted tenant mix. Current tenants are on a 100% triple-net lease with key tenants at 7-12.5 years remaining on their terms. The tenants provide long-term passive incomes with annual rent increases to hedge inflation, with staggered lease end dates to maximize flexibility.
The property underwent a full renovation in 2019, that improved marketability, with ideal and superior storefront visibility for over 36,500+ vehicles daily. Some nearby developments include the Hollywood park high-end live-work pedestrian development, the LA Clippers Intuit Dome and NBA practice facility, and the new state-of-the-art monorail system servicing Inglewood and surrounding areas.
The property underwent a full renovation in 2019, that improved marketability, with ideal and superior storefront visibility for over 36,500+ vehicles daily. Some nearby developments include the Hollywood park high-end live-work pedestrian development, the LA Clippers Intuit Dome and NBA practice facility, and the new state-of-the-art monorail system servicing Inglewood and surrounding areas.
Property Details
- Class
- B
- Year Built
- 1995
- Stories
- 2
- Property Subtype
- Storefront Retail/Office, Grocery/Convenience Store, Medical
- Lot Size (sq. ft)
- 14,375 SF
Highlights
- Coveted Hard Corner Signalized Intersection with Close Proximity to USC, LA Memorial Coliseum, Banc of CA Stadium, DTLA Fashion District, and More
- 100% Leased with Optimal Tenant Mix to Diversify Investment - Retail, Dental, Restaurant, Service/Beauty, and Office
- Built-In Customer Base with Over 70,000+ People Living within a 1-mile Radius of the Subject Property, Median Household Income of $40,060
- Long Term Passive Income with Key Tenants having 7-12.5 Years Remaining on Term
- Recent Major Renovation with a Complete Overhaul in 2019 of the Entire Property with Ideal Frontage anf Superior Storefront (36,500+ Cars Daily)
- Dynamic Consumer Spending of $3.5Bn in Consumer Spending with 3-miles and Major New Developments Coming to the Hottest Southern CA Submarket
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