Overland Dental Care
FOR SALE OR LEASE
3645-3647 Overland Ave.,
Los Angeles, CA 90034
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GROSS SALES (actual)

  • Year 2019 gross sales approximately $270,000 Year 2020 gross sale approximately $102,000 (Covid year, lockdown) Important Note: The above sales numbers reflect part-time (3 days a week (half-days) and Saturdays equating to 20 hours per week.

GROSS SALES (adjusted for full-time)

  • Adjusting the sales to full time: Year 2019 gross sales approximatly $648,000 Year 2020 gross sales approximately $244,800 calcuations: currently 20hrs/week, 80hrs/month, 4,160hrs/year. Yr. 2019 $270,000 / 4,160(hrs) = $64.91 per hour. $64.91 x 9,984 (full time) = $648,000.

REAL ESTATE

  • The total building size is approximatly 1,624 square feet. There are two seperate enterances allowing for the building to be used by two different busineses. The exact size of each unit when divided to be determined, it's approximatly 812 SF each unit.

SALE & LEASE PRICING

  • Both Overland Dental Care (business) and the real estate are included in the price of $4,200,000.
  • Overland Dental Care (the business only) is available for $615,000 and lease the building for $5,700 per month Absolute NNN Lease. Ten year lease with 3% annual increases. Alternately, one may buy the business for no cost, and sign a long term Absolute NNN Lease starting at $17,000 per month. Ten year lease with 3% annual increases.

HIGH GROWTH AREA

  • Several new construction developments nearby, with five new residential/commercial developments on Overland Ave.

HIGH TRAFFIC COUNT

  • The subject sites on a corner lot of (Overland Ave. and Francis Pl.) with 37,159 VPD (Vehicles per day) on Overland Ave. is the traffic count last taken in 2018. Today is probably much higher, as this area has seen significant growth.

CLOSE TO CULVER CITY

  • A very short 4-minute drive to downtown Culver City, 1.1 miles.

PALMS

  • The subject property is located in "Palms", a neighborhood in Los Angeles. Its borders are roughly I-10 to the north, I-405 to the southwest, and Venice Blvd. to the southeast. Palms is one of the most densely populated and youngest neighborhoods of LA.
FOR MORE DETAILS CONTACT
John Gessford
Senior Vice President | Principal
(949) 278-6645
jgessford@lee-associates.com
01137479
Maria Ramirez
Associate
(818) 836-0622
mcframirez@firstteam.com
02024475
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