Property Photo
2.0 Acres 22,500 Sq Ft

Description of 4520 Sepulveda, Culver City, CA 90230

HUGE PRICE REDUCTION!!! $2M PRICE REDUCTION!!! SELLER IS MOTIVATED AND IS WILLING TO LOOK AT ANY REASONABLE OFFER! Apex Properties is pleased to present this extremely rare opportunity to acquire a 100% Fee-Simple Interest in a single Tenant Pep Boys property with 86,050 sq ft of land in Culver City. Pep Boys signed a ground lease for the entire property in 1995 which expires in 2026. There will be a 12% increase in base rent in 2021. The Tenant also has (2) 5 year options to extend the terms of the lease with a 12% increase at each executed option. At 1.97 acres of land with Commercial Zoning, this property has strong future development potential of commercial or residential units. Please feel free to contact us with any inquiries!

Property Features of 4520 Sepulveda, Culver City, CA 90230

TYPE
Retail
Community
C28 - Culver City
Features
Lot acreage is: 1.9754
Total square feet: 86050.00
Courtesy of: Apex Properties, Eric Mandell

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Office License: 01799409
Agent License: 01904203
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Last Updated: 8/22/2019