Property Highlights
- SELLER FINANCING AVAILABLE
- ONE BLOCK from Sony Pictures and walkable to Equinox, Apple’s offices at One Culver, and Downtown Culver City
- SIGNALIZED CORNER – high visibility
- OWNER USER opportunity – building is currently vacant
- MOTIVATED SELLER – priced well below comps, potential for significant upside
Fantastic owner-user opportunity in a prime section of Culver City, only one block away from SONY Pictures’ massive footprint on Culver Blvd, and within walking distance of Equinox, Apple’s offices at One Culver, and Downtown Culver City.
Vacant retail/office building currently divided into 4 suites, three of which were used for retail use, and one office suite with a permitted mezzanine of 1,145 SF. The building could potentially be reconfigured into two larger suites, or even one single space for an owner/user. The total building size is 6,569 SF which includes approx. 5,424 SF of ground floor space and a permitted mezzanine of approx. 1,145 SF. There is space for parking in the rear of the building for up to 8 vehicles (tandem). More vehicles could be parked after the removal of the structure in the back of the building.
The site was recently discovered to have been environmentally impacted by a dry-cleaning tenant who used to occupy a small portion of the property. The Seller has a recent Phase II ESA and a remediation proposal which recommends a soil vapor extraction system be installed. Property is to be delivered “as-is” and is priced accordingly, well below nearby sales comps. The seller is willing to offer an attractive seller financing structure to a qualified buyer, since conventional financing options will likely not be available for this site until the environmental situation is addressed.
