3847 Main St 19,201 SF 100% Leased Retail Building Culver City, CA 90232 £15,829,380 (£824.40/SF) 4.43% Net Initial Yield

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.
Investment Highlights:
- Located at the main intersection of Downtown Culver City, there is no better location than this in the neighborhood.
- Excellent opportunity for an investor with ground floor retail 100% leased.
- Second floor creative office space available for owner user to occupy.
- All retail units on the ground floor are fully built out restaurants.
- Within one block of four public parking structures.
- Across the street from The Culver Steps and Culver Hotel.
- Culver Studios and Sony Picture Studios in walking distance.
- Within blocks on several new creative office buildings which are home to Amazon, Sony, Apple, HBO.
- Nearby to Culver City station of the Metro Expo Line.
- Recent development have drastically increased the demographics and average income in the Culver City sub-market.
Property Location:
Culver City is located about 10 miles from Downtown Los Angeles and only 12 miles from Downtown Santa Monica.
- Located at the hard corner signalized intersection of Culver Blvd and Main Street.
- Within blocks of the Culver City Steps and Platform, two multi - use retail development projects with high end
restaurants and retailers.
- Very central in the greater Los Angeles market, attracting consumers from both east and west.
- The Culver City market has been a hub for major entertainment as well as tech companies including Amazon Studios, Warner Bros, Discovery, Tik Tok and Apple.
- Located within two miles of the Santa Monica (10) Freeway which serves as a major transportation corridor and provides access to key areas such as Downtown LA and the Westside.
- Culver City is strategically positioned in the Westside submarket, offers a blend of residential neighborhoods and vibrant commercial districts and creative industries.
- Nearby to Culver City station of the Metro Expo Line which runs from Downtown Los Angeles to Santa Monica