For Sale | West Hollywood Retail Trophy Property
Rob Zaharia
Commercial Real Estate Investment Advisory ~ Acquisition & Sale of Multifamily Property ~ 1031 Exchange Strategy & Execution
PROPERTY HIGHLIGHTS
- Incredibly Rare Trophy Property - First Time on the Market
- Unbeatable Location in the Heart of West Hollywood
- Signalized Corner with Traffic Volume of over 45,000 ADT
- Strong Tenant Base with Long-Term NNN Leases
- Ideal Long-Term Investment with Future Development Potential
On the market for the first time, this is an extremely rare opportunity to acquire a true trophy asset located in the heart of the dynamic West Hollywood market. 8351 Santa Monica Boulevard is a three-tenant neighborhood center situated on a signalized corner along a heavily trafficked corridor with more than 45,000 cars daily. Tenants comprise an ideal mix of the most popular retailers in the area and are an ideal match for the daily necessities of the local demographic.
The two primary tenants, which occupy more than 80% of the center, have each been in the center for over 26 years and have proactively extended their leases. They currently have 9 and 14 years remaining on their leases, providing an extremely secure investment for those looking for safety and long-term growth. The remaining restaurant tenant represents an upside opportunity with a potential buy-out and repositioning or rent increase.
Contact for a full OM.