8558 Washington Blvd
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8558 Washington Blvd
1,500 SF Retail Building Culver City, CA 90232 $1,910,000 ($1,273/SF) 4.14% Cap Rate
Investment Highlights
- Creative Office in Culver City's sought-after Arts District
- Single-tenant, street-front identity, building signage
- On-site gate private parking / outdoor patio/workspace
- Concrete floors, skylight, bright workspace, exposed ductwork, flexible layout
- Ground-level roll-up door
- Central location with bike path, car and Expo Line Metro station close by, Coffee shops, Foodie dining, Arts
Executive Summary
Currently leased through August 2025 to The New Company Design Group, a dynamic and innovative creative marketing, design and branding company based out of San Francisco. The tenant has 1 3-year Option. With in-place income, this is an excellent opportunity to purchase an income property in Culver City's sought-after Arts District, with potential to be used by an Owner-User on the horizon, as well. Cap Rate / NOI is based upon the upcoming 9/1/24 scheduled 3.5% annual increase.
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
|
-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| 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 or Owner User
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built
1958
Price
$1,910,000
Price Per SF
$1,273
Cap Rate
4.14%
NOI
$79,056
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.69
Land Acres
0.05 AC
Zoning
CCC3YY
Parking
6 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
28 FT on Washington Blvd
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Signage
- Skylights
- Air Conditioning
- Fiber Optic Internet
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- The New Co.
- Information
-
99,999 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| The New Co. | Information | 99,999 SF | - | - |
Walk Score ®
Very Walkable (89)
Bike Score ®
Biker's Paradise (97)
Nearby Major Retailers
![[solidcore]](https://images.loopnet.ca/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 4205-017-013 | Improvements Assessment | $61,234 |
| Land Assessment | $47,002 | Total Assessment | $108,236 |
PROPERTY TAXES
Parcel Number
4205-017-013
Land Assessment
$47,002
Improvements Assessment
$61,234
Total Assessment
$108,236
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8558 Washington Blvd
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