WESTMAC Commercial Brokerage Company, as exclusive advisor, is pleased to present the opportunity to purchase 12926 Venice Boulevard, a two-story mixed-use commercial building built in 1954 featuring three (3) ground floor retail units and a second-floor creative office penthouse located in the Venice submarket. The building is fully leased with four (4) NNN tenants.
Situated on the southeast corner of the highly traveled Venice Boulevard at the intersection of Lyceum Avenue, 12926 Venice Boulevard is an approximate 7,968 square foot (6,830 SF per tax record) mixed-use building on approximately 7,998 square feet of land. There is an additional 2,000 square foot rooftop deck which is not included in the square footage. There is parking behind the building with room for approximately nine (9) cars.
The building was recently re-tenanted with three (3) brand new triple net (NNN) tenants for improved tenant synergy and reduce landlord responsibilities. The leases include increases plus options with no prop 13 protection and are all guaranteed (see pages 10-14 for lease abstracts).