Updated Nov 26, 2025
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
About this deal
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