5665 Wilshire Blvd - Storefront FOR SALE


Los Angeles, CA 90036- Miracle Mile
$15,171,000 USD
619-297-0055
5665 Wilshire Blvd, Los Angeles, CA for Sale
$15,171,000 USD
Storefront - FOR SALE
1/4
null | 5% Cap Rate

5665 Wilshire Blvd
Los Angeles, CA 90036
Miracle Mile


OVERVIEW

Pharma Property Group is pleased to present for sale the Staples building located at 5665 West Wilshire in the heart of the Miracle Mile, Los Angeles, California. This is a generational trophy offering which provides an investor the opportunity to acquire the fee simple interest in a single-tenant, net leased building positioned along the highly trafficked Wilshire corridor. The property benefits from strong retail synergy, high daytime foot traffic and proximity to major cultural institutions, office buildings and luxury residential developments. This pride of ownership property consists of 19,450 gross leasable square feet and includes 72 parking spaces, spread throughout two levels of underground parking. Staples is situated along Wilshire Boulevard, a major east-west artery with approximately 40,000 vehicles per day. The area boasts a dense and affluent residential base, with a one-mile radius population of more than 47,000 residents and median household income exceeding $120,000. Additionally, the property benefits from a strong daytime population, with thousands of employees from nearby media, entertainment, and corporate offices, including those of Sony Pictures Animation, SAG-AFTRA, among many others. Surrounded by a robust mix of national retailers, restaurants, and entertainment venues in the immediate vicinity—including Ralphs, Walgreens, Trader Joe’s, Target, and FedEx—this location is ideally positioned for long-term stability and future appreciation. Additionally, the site's strong fundamentals make it a compelling covered land play, allowing investors to benefit from stable in-place income while planning for future higher-density development. Given the ongoing demand for mixed-use and multifamily projects in the Miracle Mile, this asset provides a rare opportunity to unlock additional value through redevelopment or repositioning in the years to come.

FOR SALE DETAILS

PRICE

$15,171,000 USD

PRICE/SF

$780 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy Investment Located on Miracle Mile

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,317 SF

ZONING

C4

APN/PARCEL ID

5508-014-033

ASK ABOUT THIS PROPERTY

Chris BarryPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Chris BarryPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.