Retail Business for Sale in Culver City, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Culver City, CA 90232
  • Size: 19,201 SF

Description

Newmark and PAR Commercial Brokerage are pleased to present the opportunity to acquire the retail/office property at 3843 Main Street, Culver City, CA 90232 (hereafter referred to as the “Property,” “Project,” or “Center”). The property consists of approximately 17,386 square feet building on 9,787-square feet land, comprised of 4 restaurant spaces on the ground floor and second floor co working office space. Currently, the property features tenants such as Public School, Latea Lounge, Monty’s Good Burger, and Ippudu Ramen. Located at the northwest corner of the signalized intersection of Culver Boulevard and Main Street, is located at the main intersection of Downtown Culver City. The property boasts an exceptional location in the heart of Culver City, with excellent access to the Santa Monica (10) Freeway and proximity to the Culver City Metro Station. It is just minutes away from many new mixed-use retail developments such as the Culver Steps and Culver Platform, anchored by tenants such as Bianca, Aesop, Reformation and Erewhon. Not only is Downtown Culver a destination for both locals and visitors, it’s a major hub for the biggest name tech and entertainment companies in the world like Sony, Tik Tok and Apple, just to name a few. This area is characterized by its dynamic mix of commercial and residential developments, making it attractive to families and young professionals. The strategic location enhances the property’s potential to capitalize on the region’s continued growth and demand for commercial space.

Market Context

This retail in Culver City, CA is listed for sale across 19,201 SF. It has been on the market for 6 days. Compare it against other retail listings for sale in Culver City, CA — <a href="/search/sale/retail/california/culver-city">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

Unified Estimate

Medium Confidence

$316.57/SF – $428.29/SF

Mid: $372.43/SF

Total estimate for 19,201 SF: $7,151,028

Rate-first confidence-weighted blend with cost-of-business adjustment.

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