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CFO: 8/6/24 5273-5279 W Olympic Blvd

6,194 SF 100% Leased Retail Building Los Angeles, CA 90036 $4,990,000 ($806/SF)

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Investment Highlights

Excellent Visibility and Access
High Barriers to Entry
Proximity to Major Employers

Transit Oriented Property
Highly Dense and Affluent Demographics
Multiple Revenue Streams

Executive Summary

Jones Lang LaSalle as an exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 5275 West Olympic Boulevard (the “Property” or the “Offering”). Consisting of 6,194 square feet of GLA between four, newly renovated retail suites, the Offering presents the opportunity to acquire a 12,402 square foot corner lot at the signalized intersection of South La Brea Avenue (42,009 VPD) and West Olympic Boulevard (43,111 VPD). The Property boasts great visibility with frontage across both points of ingress, as well as featuring an income -generating billboard on the premises. The Property is situated within a densely populated, pedestrian friendly environment, with 489,087 residents within a three-mile radius of the Property. The Offering also offers great accessibility with entry points on both South La Brea Avenue and West Olympic Boulevard, featuring 12 surface parking stalls and a walker’s paradise designation.
CALL FOR OFFERS: TUESDAY, AUGUST 6TH

5275 W Olympic Flyer

Offering Memorandum

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

6,194 SF

Building Class

Year Built

1983

Price

$4,990,000

Price Per SF

$806

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.49

Land Acres

0.29 AC

Zoning

LAC2 - Commercial

Parking

12 Spaces (1.94 Spaces per 1,000 SF Leased)

Frontage

82 FT on South La Brea Avenue

Space Availability

5273
1,200 SF
Restaurant
In-Line
30 Days

$75,000 key money. 5% commission on the business opportunity. This is a lease assignment at a very low rate. Absentee Owner or hands on Owner/User opportunity. Fantastic second generation poke restaurant with excellent frontage and visibility from/on Olympic and La Brea. Turnkey established poke franchise that can be taken over with very little hassle. Great option for a family run business. Fully built out cold kitchen with all equipment in place. Beautifully built out as QSR restaurant and cafe space. Free customer parking in the easily accessed center. Busy delivery income from DoorDash, UberEats, GrubHub, Postmates, Chow Now. Central air conditioning. A signed NDA and proof of funds in excess of $75k will be needed to answer any questions about this opportunity. This is an all cash sale.