CLOSED ESCROW

MULTI-TENANT RETAIL

1612 N. Cahuenga Blvd

LOS ANGELES, CA 90028

SALE PRICE:

CAP RATE CURRENT/PRO FORMA:

BUILDING SIZE:

LOT SIZE:

PRICE PER SF BUILDING:

PRICE PER SF LAND:

YEAR BUILT:

ZONING:

$6,000,000

5.01%/6.78%

7,200 SF

7,199  SF

$833

$833

1922

LAC4

DEAL HIGHLIGHTS​:

  • Record Breaking Price Per SF "Cahuenga Corridor"

  • Negotiated a Five Year Sale Lease Back

  • Multiple Offers

  • $500,000 Pass Through Non-Contingent Offer

ASSET HIGHLIGHTS

  • Over 35% Upside in Rents

  • Month to Month Leases ( 2 Tenants )

  • New Sale Lease Back Between Tenant and Owner For $25,000 Per Month 5 Years with 5 Year Option - 3% Annual Increases

  • Multiple Liquor Licenses for La Velvet Margarita

  • Prime Cahuenga Corridor Location

THE ASSET

The Hirth group is please to announce another successful closing.  Through our extensive marketing we were able to procure multiple offers resulting in a non-contingent offer with $500,000 passed through to the seller upon the opening of escrow.  This was a RECORD BREAKING price per SF for the famous "Cahuenga Corridor" of $833.  Additionally our team was able to successfully negotiate a sale lease back between the seller and the new owners.

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

© 2017 by THE HIRTH GROUP

KW Commercial CAL DRE 01499010