Listing ID : 429809
Posted on July 20, 2022 48
* Free standing building to be delivered with premium rental rate
tenant paying $23,437.50 per month on a 15-year lease, which
amounts to a 12.5% CAP Rate. Includes a 33% ownership stake
in building. Building Appraised at $5.75m.
* Located on South Barrington Avenue near the corner of San
Vicente Boulevard with approximately 33,000 cars passing per
*Close to the San Diego (405) Freeway and the Santa Monica (1-
10) Freeway. It is in close proximity to Westwood Village, UCLA,
Westwood Medical Plaza, The Armand Hammer Museum, Geffen
Playhouse, UCLA Center for Performing Arts and the Fowler
Museum of Cultural History. The strong retail trade area the
property is located within testifies to the strength and viability of
this particular location.
*The demographic profile of the surrounding areas gives the
underlying real estate a strong intrinsic value. The average
annual household income within a 3 mile radius of the subject
property is $114,412.
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