Description:

** CONTACT BROKERS FOR TOUR DATE AND TIME ** 8701 La Tijera Blvd offers investors a 12,896 square foot, two-story retail and office building on a corner lot with frontage on both La Tijera Boulevard and Truxton Avenue.​ Built in 1955, the building is fully occupied.​ Lease structure is mixed by unit type: 8 street facing retail suites operate under triple net (NNN) leases covering 100% of CAM and 60% of Property Tax and Insurance, while the 13 professional-service office/retail suites, spanning the interior ground and second floor, operate under full-service gross (FSG) lease.​ The property sits in the Westchester Triangle’s Commercial Historic District, a walkable retail and office corridor at the center of this Westside community, and benefits from weekly foot traffic from the Westchester Farmer’s Market.​ The tenant roster, record store, a barbershop, threading salon, acupuncture clinic, beauty spa, insurance agency, self-defense studio, transportation company, and a bench of small professional-service office tenants, reflects a needs-based demand profile that supports durable occupancy.​ Current rents are below market rent, creating upside for a new owner as they turn.​ For an investor seeking a fully occupied, mixed-use retail and office income stream with nearterm rollover upside and genuine Westside fundamentals, 8701 La Tijera Blvd fits the profile.​  This property can be sold together with the adjacent property located at 8711 La Tijera Blvd.​ 

• ​Can be sold together with adjacent 8711 La Tijera Blvd NNN Retail property; also 100% occupied
• ​Located in Westchester Triangles coveted Commercial Historic District
• ​Just Steps away from Cityview’s entitled 489-unit development at 6136 West Manchester Ave.
• ​100% Occupied - 21 Retail Tenants with mix of NNN & FSG Leases
• ​Low Landlord Responsibility: NNN Tenants pay for 100% of CAM and 60% of Property Tax
• ​5.45% CAP Rate