Updated Oct 10, 2026
Fred Leeds Properties Leases Retail Space To Apollonia's Pizzeria At 3860 Crenshaw Boulevard
3860 Crenshaw Boulevard
$36
$36/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Feb 2, 2026
About this deal
AI
The property asset involved in this transaction is located at 3860 Crenshaw Boulevard in Los Angeles. It is a retail space with a total area of 2,500 square feet. The asking rent for this property is $36 per square foot, and it is under a 10-year NNN lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $36/ft
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Landlord: Fred Leeds - Fred Leeds Properties
- Tenant: Apollonia's Pizzeria
- Broker: Casey Ehrlich - Fred Leeds Properties
This lease marks the second location for chef-owner Justin De Leon, who is associated with Apollonia's Pizzeria, highlighting the growth of his business within the Los Angeles area.
On the Map
$36
$36/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93