Grocery Outlet Leases 16500 SF Retail Space At 6130 West Sunset Boulevard In Hollywood
6130 West Sunset Boulevard
Building Size
16,500 SF
Asset Type
Retail
Closing
Dec 2, 2024
AI
The asset involved in this transaction is a retail space located at 6130 West Sunset Boulevard in Hollywood, with a total square footage of 16,500. The property previously served as a Rite Aid and is situated in the Gower Shopping Center, which boasts a high walkability score of 94. The area is experiencing retail normalization as previously vacated spaces are being filled with new tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 6130 West Sunset Boulevard
- Market: Hollywood
- Square Footage: 16,500
- Tenant: Grocery Outlet
- Brokers: Marty Shelton & Steven Weiss - NAI Capital Commercial
This transaction is represented by brokers Steven Weiss and Marty Shelton from NAI Capital Commercial, who facilitated Grocery Outlet’s leasing of the retail space. Their involvement highlights the active repositioning of retail assets within the market, contributing to the area's diverse tenant mix.
Los Angeles 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