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Strip Center Restaurant Street Retail in Los Angeles, California For Sale

Strip Center Restaurant Street Retail
Price: $17,200,000
Seller:
Type: Commercial properties, For Sale - Private.

City National Bank Plaza, Studio City, CA
Strip Center, Restaurant, Street Retail
$17,200,000
Click for details
City National Bank Plaza, a Modernist Rendition of a California strip center. Tenants are City National Bank, ATT Wireless, Coffee Bean & Tea Leaf, Kriser's Natural Pet, The Children's Place. The property was designed by the renowned Studio William Hefner, located at the prime signalized intersection of Ventura Boulevard and Whitsett Avenue in affluent community of Studio City, California is distinguished by an aesthetic sensibility that blends an elegant simplicity with a luxury of materials and details. This stunning modern structure of aluminum and glass boasts a back- painted, fire-etched glass curtain wall, limestone base (unique for a commercial building), and distinctive art piece designed by internationally renowned artist and sculptor, Billy Al Bengston. The plaza' s commanding presence blends effortlessly into its surroundings through the use of an architecturally curved glass wall, and spans almost one city block with approximately 12,528 square feet per public records (11,873 square feet per owner' s records) of rentable space and provides ample parking in the rear while also maintaining a pedestrian-friendly curb appeal. The Plaza' s location and design attracted credit tenants since its inception in xxxx. With 75% of its original tenants still in place. The Property is located in Studio City, the film capital of Los Angeles, and an affluent residential neighborhood within the City of Los Angeles. Studio City is located in the southeast section of the San Fernando Valley and is bordered by the communities of Beverly Crest and Hollywood Hills to the south, Sherman Oaks to the west, Valley Village and North Hollywood to the north and Toluca Lake and Universal City to the east. The Property is located at the western edge of the district commonly referred to as the Silver Triangle of Studio City. The subdivision of the Silver Triangle has over 400 residences of which 100% are single family homes.
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12,528 SF Building
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Built in xxxx
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Net Lease Investment
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Parking Ratio 4/1,000 SF
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35,000 SF Lot
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N.O.I. $540,080
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Tenancy - 5 Tenants
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APN Parcel xxxx-018-013
SqFt:
12,528 Building
Yr Built:
xxxx
Asking:
$17,200,000
Property Address
xxxx1 Ventura Blvd
Studio City, CA
xxxx4
 
Brian Vincent Moore
Sotheby's International Realty
310-849-xxxx
Contact Agent
Lic#: BRE # xxxxxxxx