8783-8788 Beverly Blvd, West Hollywood, CA 90048
2 Retail Properties in West Hollywood, CA
- Property Type
-
Retail
- Square Feet
- 18,838 SF
Listing Contacts
Bryan Ley
Tim Kuruzar
- Property Info
Property Overview
"Property") totaling 18,838 square-feet, located in West Hollywood, CA. The buildings are positioned in the heart the West Hollywood Design District - the primary retail corridor in West Hollywood with close proximity to the Pacific Design Center and exceptional visibility to 60,689 vehicles per day at the intersection of Beverly Blvd and Robertson Blvd. Located in highly affluent West Hollywood, average home prices in the adjacent neighborhoods of Beverly Hills and Hollywood Hills surpass $4,000,000, and average household incomes in a 1-mile radius exceed $131,000.
With a weighted average lease term of 6.9 years, the Property is 100% leased to Lelca, Knoll, and FlexForm, which each dominate niche retail industries and enjoy a loyal customer base. The Leica lease is extremely favorable, offering a contractual minimum 56% increase in base rent over the next 4.5 years. The Property also features attractive assumable financing at a 4.58% interest rate. Beverly & Robertson offers investors the opportunity to acquire an asset with stable cash flows, attractive cash on cash returns, and value-creation opportunities in the heart of West Hollywood, CA. With a recently executed lease extension for FlexForm, the Property is well-positioned for years to come.
With a weighted average lease term of 6.9 years, the Property is 100% leased to Lelca, Knoll, and FlexForm, which each dominate niche retail industries and enjoy a loyal customer base. The Leica lease is extremely favorable, offering a contractual minimum 56% increase in base rent over the next 4.5 years. The Property also features attractive assumable financing at a 4.58% interest rate. Beverly & Robertson offers investors the opportunity to acquire an asset with stable cash flows, attractive cash on cash returns, and value-creation opportunities in the heart of West Hollywood, CA. With a recently executed lease extension for FlexForm, the Property is well-positioned for years to come.
Highlights
- RARE INVESTMENT OPPORTUNITY IN HEART OF WEST HOLLYWOOD ADJACENT TO BEVERLY HILLS
- SIGNIFICANT CONTRACTUAL RENT GROWTH
- 100% OCCUPIED WITH BEST-IN-CLASS TENANTS
- EXPANDING RESIDENTIAL POPULATION
- ATTRACTIVE ASSUMABLE FINANCING.
- RARE PARKING AMENITY
All available spaces
- Space
- Size
- 10,000 SF
- Space Subtype
- Retail
- Space
- Size
- 8,838 SF
- Space Subtype
- Retail
Nearby Properties
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