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Culver City Commercial Property Sales 2019 YTD

Culver City Commercial Property Sales YTD 2019

The Culver City Commercial Property Sales in the Culver City submarket of West Los Angeles is remaining hot as 2019 comes to a close. The following summary report shows the year to date (YTD as 11/21/19) sales of office, retail, and industrial/flex properties as reported by CoStar. These properties in Culver City 90232, 90230, and 90066 represent the top 3 highest priced closed property sales for this year for each property category.

In 2019 Q2, the largest single- asset office trade in the Culver City submarket’s history occurred this May, with the sale of C3 at 5800 Bristol Pkwy. As one of the newest buildings in Culver City, C3 sold for $260 million ($835/SF) with a reported in-place cap rate of 4.6%.

Jon Varsano lives and works in Culver City, and is a commercial real estate specialist.

culver-city-top-saleThe median price per square foot is a highly effective method of comparing properties and markets. Industrial is $570.75. Retail is $671.64. Office is $1,161.67.

Retail Spaces – Culver City Commercial Property Median Sales

  • Price (For Sale): $2,875,000
  • Price per sq ft (For Sale): $671.64

Top Retail Properties Sold – 2019 YTD (As of 11/19)

4411 Sepulveda Blvd, Culver City CA 90230

  • Sale Price: $8,200,000

4334-4342 Sepulveda Blvd, Culver City CA 90230

  • Sale Price: $3,500,000

4346-4352 Sepulveda Blvd, Culver City CA 90230

  • Sale Price: $3,400,000

culver-city-commercial-sales-volume

Industrial Properties – Culver City Commercial Property Median Sales

Industrial Median Sales Price: $3,425,000

$/SF: $570.75

Top Industrial  Properties Sold – 2019 YTD (As of 11/19)

9405 Jefferson Blvd, Culver City, CA 90232

  • Sale Price: $10,673,500

11847-11861 Teale St, Culver City, CA 90232

  • Sale Price: $8,000,000

3517 Schaefer St,Culver City, CA 90232

  • Sale Price: $5,000,000

Office Properties – Culver City Commercial Property Median Sales

Office Median Sales Price:$6,296,470

$/SF: $1,161.67

Top Office Buildings Sold -2019 YTD (As of 11/19)

3824 Hughes Ave, Culver City, CA 90232 (Part of Portfolio)

  • Sale Price: $13,347,960

11242 Playa Ct, Culver City, CA 90230

  • Sale Price: $6,500,000

10351-10353 Washington Blvd, Culver City CA 90232 (Part of Multi-Property Sale)

  • Sale Price: $5,557,152

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