1600-1614 Santa Monica Blvd - Freestanding FOR SALE


Santa Monica, CA 90404
$9,675,000 USD
424-842-3353
1600-1614 Santa Monica Blvd, Santa Monica, CA for Sale
$9,675,000 USD
Freestanding - FOR SALE
1/21
null | 4.5% Cap Rate

1600-1614 Santa Monica Blvd
Santa Monica, CA 90404


HIGHLIGHTS

  • Village Square presents an excellent opportunity to purchase a 10,059-square-foot 7-Eleven-anchored retail center.
  • With easy ingress and egress on Santa Monica Boulevard, capturing consumers traveling to the downtown area and the Pier.
  • Own an exceptional retail destination with ample parking, long-term existing tenants, and highly visible pylon signage.
  • Blocks away from neighboring retailers, including Target, Gap, Chipotle, Walgreens, Whole Foods, and Trader Joe's.

OVERVIEW

Village Square at 1600-1614 Santa Monica Boulevard consists of two single-story, wood frame and stucco strip retail buildings containing 10,065 rentable square feet, situated on a 0.52-acre commercial parcel. The property has seven suites ranging from 1,154 to 2,400 square feet. The subject property offers a 3.08:1,000 on-site parking ratio of 23 standard spaces and eight tandem employee stalls. This well-maintained retail destination is home to an array of tenants, including 7-Eleven (occupying over 41% of the center), DK's Donuts and Bakery, and Lee's Chinese Fast Food. Located off Santa Monica Boulevard, traveled by over 49,367 vehicles per day, this strip center has highly visible pylon signage. The property rests within beautiful Santa Monica, California, where many upscale accommodations, world-class restaurants, and unmatched shopping are found close to the shores of Santa Monica Bay. Village Square is close to Interstate 10, 405, and California State Route 1. Downtown Santa Monica and the famous Santa Monica Pier lie a quick five-minute drive from this stunning retail spot. Potential tenants can tap into a strong demographic within a 3-mile radius of the property, boasting an average household income of $141,175 with an annual consumer spending of $3.9 billion.

FOR SALE DETAILS

PRICE

$9,675,000 USD

PRICE/SF

$962 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

SMC4

APN/PARCEL ID

4282-019-027

ASK ABOUT THIS PROPERTY

David GarciaSandstone PropertiesMore Info
424-842-3353

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David GarciaSandstone PropertiesMore Info
424-842-3353

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