Description

Retail and restaurant property offered for sale at 433-435 N Fairfax Avenue in Los Angeles, California. The firm’s brochure identifies approximately 4,950 SF across two units and an asking price of $4,200,000. The source markets the property as its first offering in approximately 50 years.

The rent roll identifies approximately 2,650 SF at 433 and 2,300 SF at 435, leased to NTWRK and Pars Grill respectively. The site is directly in front of a pedestrian crossing, near Canter’s Deli and The Grove, with high ceilings described in the offering.

The brochure contains tenant-specific renewal and termination provisions, including a sales-threshold termination right with a fixed penalty. Buyers should review the actual leases and current rent roll with the listing brokers. Contact David Aschkenasy or David Ickovics of Commercial Asset Group for current occupancy, income and offering terms.