Truly Pizza Leases 4,125 SF Retail Space At 1237-1239 Abbot Kinney In Venice
1239 Abbot Kinney Boulevard
Building Size
4,125 SF
Asset Type
Retail
Closing
Nov 21, 2025
AI
The property asset involved in this transaction is a retail space located at 1237-1239 Abbot Kinney in Venice. The space encompasses an area of 4,125 square feet. This lease marks a new occupancy as Truly Pizza takes over the retail location, which was previously occupied by Greenleaf.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1237-1239 Abbot Kinney
- Market: Venice
- Tenant: Truly Pizza
- Landlord's Representative: Lauren Aboulafia - Conroy Commercial
- Landlord's Representative: Linnard Lane - High Touch Group
- Tenant's Representatives: Jay Luchs & James Nugent - Newmark
This lease transition to Truly Pizza highlights the growing demand for prime retail space along Abbot Kinney. Truly Pizza is recognized for its craft-focused, artisanal pizza offerings, including whole-pie menus and house-made desserts, fostering a community-driven hospitality approach.
Players
Venice Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93