1300-1306 Wilshire Blvd - Freestanding FOR SALE


Santa Monica, CA 90403
$4,950,000 USD
310-968-5303
1300-1306 Wilshire Blvd, Santa Monica, CA for Sale
$4,950,000 USD
Freestanding - FOR SALE
1/28
null | 5.51% Cap Rate

1300-1306 Wilshire Blvd
Santa Monica, CA 90403


HIGHLIGHTS

  • Premier Santa Monica Mid-City Location
  • Located on the signalized corner of Wilshire Blvd and Euclid St
  • Established long-term tenants with NNN leases
  • Large corner lot zoned C6* within the Mixed-Use Boulevard District
  • Close to the beach, high-end dining, and nightlife
  • NOTE: One unit at the property was previously occupied by a tenant operating a dry cleaning business. Testing was performed to determine if any vapor

OVERVIEW

Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, Inc, is pleased to offer for sale the rare investment opportunity to acquire a multi-tenant retail building in the epicenter of the famed coastal city of Santa Monica. 1306 Wilshire Blvd sits prominently on the highly trafficked signalized intersection of Wilshire Blvd and Euclid St in the popular Mid-City area of Santa Monica. Bordered by two major thoroughfares, Wilshire and Olympic Boulevards, and two E Line stations, the Mid-City area in Santa Monica is an easily accessible neighborhood known for its arts and entertainment offerings as well as top-notch eateries. Available to be purchased for the first time in decades, the property consists of 5,720 square feet situated on a 10,504 gross square foot corner lot with on-site parking for 10 vehicles. The parcel is zoned Santa Monica C6* within the highly desirable Mixed-Use Boulevard District. Due to its location, the property offers a wide variety of potential uses. Current tenants include the popular La Monarca Bakery as well as a hair salon, pet clinic, and tutor center. All tenants are long term on NNN leases, and there remains significant untapped rental upside for a new owner. Within walking distance to the beach, high-end dining, and nightlife, 1306 Wilshire Blvd presents an astute investor with the quintessential opportunity to acquire a prestigious turnkey retail asset located in one of the most high-profile locations in Los Angeles. NOTE: One unit at the property was previously occupied by a tenant operating a dry cleaning business. Testing was performed to determine if any vapor intrusion was detected. The reports related to this testing will be provided to prospective buyers and their agents.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$865 USD /SF

CAP RATE

5.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Retail Site on Corner of Euclid /Wilshire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,504 SF

ZONING

SMC4VV

APN/PARCEL ID

4282-004-020

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.