Cedars Sinai STNL | Motivated for Y/E Close | 12250 Ventura Blvd
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Cedars Sinai STNL | Motivated for Y/E Close 12250 Ventura Blvd
4,300 SF Retail Building Studio City, CA 91604 $7,100,000 ($1,651/SF) 4.50% Cap Rate
Investment Highlights
- Investment-Grade Tenant: Cedars-Sinai, rated "AA-", $7.3B Annule Revenue.
- Long-Term Lease: 8+ years, 3% annual increases, favorable rent adjustments.
- Tenant Commitment: Approx $2M invested by tenant in buildout.
- Prime Location: Ventura Blvd., Studio City; 93 walkability score.
- Affluent Area: $215K average annual household income.
- High Visibility: 43,000 vehicles daily, convenient parking.
Executive Summary
Faris Lee Investments is pleased to bring to market an opportunity to acquire an irreplaceable storefront location on iconic Ventura Blvd. in Studio City, CA. The property is a single tenant net leased investment on a long term lease with investment grade tenant Cedars Sinai Medical Center (Fitch rating of “AA-“). The investment features annual 3% rental increases as well as a recent building rehab which had Cedars Sinai investing approximately $2 Million of their funds into the building. Cedars Sinai, in a partnership with Tia, provides comprehensive women’s healthcare out of this location. Tia operates 11 locations nationally and is a provider of women’s healthcare by partnering with large health care providers in select markets. Tia currently operates 6 locations in the Los Angeles area.
Ventura Blvd. is regarded as one of the top storefront shopping districts in Southern California. Other retailers on Ventura Blvd. within a couple of blocks of this location include lululemon, Barnes and Noble, Urban Outfitters, Trader Joe’s, Sephora, Vuori, and Mendocino Farms. This location is a highly rated and pedestrian friendly shopping district boasting a walkability score of 93. Convenient parking in the immediate area on the street, surface lots, and garages enable tenants on Ventura Blvd. to offer an enjoyable shopping and service experience. Additionally, the property is bordered by three major freeways providing Cedars Sinai the benefit of drawing customers from an expanded trade area.
Studio City is one of the most affluent areas in the Los Angeles area boasting Average Annual Household Income of $215,523 within a 1-mile radius. Studio City and neighboring city of Burbank are home to some of the largest movie production and media companies in the world including Walt Disney Company, Warner Bros., CBS, Netflix, and Universal Studios. The affluent trade area and exceptionally strong labor pool underline the uniqueness and strength of the underlying real estate of the subject property.
Ventura Blvd. is regarded as one of the top storefront shopping districts in Southern California. Other retailers on Ventura Blvd. within a couple of blocks of this location include lululemon, Barnes and Noble, Urban Outfitters, Trader Joe’s, Sephora, Vuori, and Mendocino Farms. This location is a highly rated and pedestrian friendly shopping district boasting a walkability score of 93. Convenient parking in the immediate area on the street, surface lots, and garages enable tenants on Ventura Blvd. to offer an enjoyable shopping and service experience. Additionally, the property is bordered by three major freeways providing Cedars Sinai the benefit of drawing customers from an expanded trade area.
Studio City is one of the most affluent areas in the Los Angeles area boasting Average Annual Household Income of $215,523 within a 1-mile radius. Studio City and neighboring city of Burbank are home to some of the largest movie production and media companies in the world including Walt Disney Company, Warner Bros., CBS, Netflix, and Universal Studios. The affluent trade area and exceptionally strong labor pool underline the uniqueness and strength of the underlying real estate of the subject property.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,300 SF
Building Class
C
Year Built/Renovated
1940/2023
Price
$7,100,000
Price Per SF
$1,651
Cap Rate
4.50%
NOI
$319,594
Tenancy
Single
Building Height
1 Story
Building FAR
0.82
Lot Size
0.12 AC
Zoning
C2, Los Angeles
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2369-004-025 | Improvements Assessment | $546,820 |
| Land Assessment | $2,296,655 | Total Assessment | $2,843,475 |
PROPERTY TAXES
Parcel Number
2369-004-025
Land Assessment
$2,296,655
Improvements Assessment
$546,820
Total Assessment
$2,843,475
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Cedars Sinai STNL | Motivated for Y/E Close | 12250 Ventura Blvd
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