Investment Highlights
Prime Retail Center in the Hottest Retail Block in Koreatown on W 6th St.
5% Rent Escalation For Most Tenants
Zoned LAC2 - Tier 3 zone of TOC : Potential Development Opportunity
4.93% Cap - NNN
Desirable Location with Historically Low Vacancy
Executive Summary
Coldwell Banker Commercial Realty and WESTMAC Commercial Brokerage Company are delighted to present an exclusive opportunity to aquire Kenmore Plaza located at 3450 W. 6th St., a strategically positioned strip center at the heart of Los Angeles? dynamic Koreatown neighborhood. Encompassing 14,344 square feet of building space on a generous 26,335 square feet of land, this trophy asset stands as a prime investment.?Currently fully leased, the building accommodates long-term mom-and-pop tenants dedicated to serving the local community and now with the surge of positive social media coverage of the Koreatown culinary scene, it has been attracting new food enthusiasts from diverse non-local communities. With most tenants subject to annual 5% rent escalations, this property ensures a reliable and growing income strategically positioned in the most sought after block in Koreatown. This vibrant junction of W. 6th St. and Kenmore is surrounded by flourishing culinary and nightlife hotspots, witnesses a robust traffic volume of 44,326.?Kenmore Plaza is an exceptional opportunity for buyers aiming to establish a presence in Koreatown?s highly coveted submarket in the hottest retail block. Moreover, the property is zoned LAC2 and falls within the Tier 3 zone of TOC guidelines, positioning it ideally for developers looking to participate in the neighborhood?s ongoing development surge.?The prime location of 3450 W. 6th St. within this bustling neighborhood makes it a compelling prospect for acquiring a retail strip center. Don?t miss out on this exciting opportunity to be part of Koreatown?s dynamic growth and development.? For OM and Rent Roll, please click on the following link: http://www.3450w6thst.com/
