8759-8763 Santa Monica Blvd - Freestanding FOR SALE
West Hollywood, CA 90069 |
$13,345,000 USD
818-259-0476
8759-8763 Santa Monica Blvd
West Hollywood, CA 90069
HIGHLIGHTS
- Rare Opportunity to Acquire a Prominent Multi-Tenant Retail Condo Investment in Downtown West Hollywood
- Stabilized Investment with Strong Tenancy: The Shops at Hancock Lofts is currently fully occupied and leased to three (3) established businesses
- Multi-Level Parking Lot & Additional Income Included
- Improving Returns: The existing leases contain strong upcoming scheduled rent increases and the parking income has shown strong year-over-year growth
- Dense Southern California Demographics: West Hollywood boasts a vibrant and affluent population with a high concentration of young professionals
- High Barriers to Entry: Supply constrained, densely populated, infill trade area with limited sites available for future development or redevelopment
FOR SALE DETAILS
PRICE
$13,345,000 USD
PRICE/SF
$1,269 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Shops at Hancock Lofts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
148
LAND DETAILS
LAND ACRES
0.24 AC
LAND SF
10,513 SF
ZONING
WDC2A
APN/PARCEL ID
4339-010-068,4339-010-069,4339-010-070
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818-259-0476
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818-259-0476
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