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1239 Abbot Kinney Boulevard

Truly Pizza Leases 4,125 SF Retail Space At 1237-1239 Abbot Kinney In Venice
LEASEDRetail

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

Jay Luchs

Newmark

Broker

$2B

vol

43 deals

Broker
Newmark
NewmarkBrokerage
Newmark
NewmarkBrokerage

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