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Culver City Movie Theater Scores Senior Financing
JLL Capital Markets arranged the $12.5-million senior financing of Culver Theater, a 41,341-square-foot movie theater in Culver City. A team led by director Alex Olson, associate Joshua Blank and Analyst Sarah Kim represented the borrower, Oliver McMillan LLC, and secured the five-year, fixed-rate loan through Zions Capital Markets.
Built in 2004, the Culver Theater at 9500 Culver Blvd. is 100% occupied. The buildout includes a six-screen movie theater experience with a full bar, theater snacks and kitchen fare and plush seating along with six private sound stages. The theater, previously occupied by Arclight, was leased to a global e-commerce giant in June 2021 and opened to the public in 2022.
“The Culver Theater represents a unique opportunity in the heart of Culver City’s entertainment district,” said Olson. “Its prime location, coupled with the long-term commitment from a credited tenant, made this an attractive loan for Zions Capital Markets in today’s market.”
- ◦Financing
