5501-5521 HOLLYWOOD BOULEVARD &
1719-1739 N. WESTERN AVENUE
HOLLYWOOD, CA 90028

just CLOSED!

SALE PRICE: $30,400,000

 

GENERATIONAL ASSET | A+ HOLLYWOOD LOCATION

The signalized corner of Hollywood and Western consists of three high credited retail tenants, Marshalls, Petco, and Farmer Boys. Constructed in 2015, more than 90% of the leased space belongs to Marshalls and Petco, national credit tenants that are publicly traded. The buyer acquired a trophy asset in one of the most highly sought-after submarkets of Hollywood. Alex Reyhan and Daniel Hirth represented the Buyer on this transaction. Although there was vigorous competition with a plethora of offers, the Hirth Group was able to secure the asset for our client.

 

PRIME HOLLYWOOD LOCATION | 90% LEASED TO NATIONAL TENANTS

contact

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Alex Reyhan

Vice President

310.300.3181 Direct

Alex@HirthGroup.com

License CA: 02005428

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Daniel Hirth

Managing Director

310.300.2838 Direct

Daniel@HirthGroup.com

License CA: 01515796

The sale

Trophy Asset in Highly Sought-After Submarket
Corporate Tenants: Petco & Marshalls
Multiple Offers | Secured Asset for Buyer
CAP Rate: 4.80%
±42,916 SF Building | ±51,578 SF Lot
125 Parking Stalls | Built 2015