415-310-7331
2701 Ocean Park Blvd, Santa Monica, CA for Sale
Loft/Creative Space - FOR SALE
1/9
null | Request Cap Rate

2701 Ocean Park Blvd
Santa Monica, CA 90405
Sunset Park


HIGHLIGHTS

  • Assumable Financing Available!
  • Ocean Park Plaza currently has 73,557 square feet (73% of project) available for immediate occupancy, ideal for an owner/user.
  • The Project’s current zoning allows for the entire building to be converted to Medical Office.
  • $8 million in recent capital upgrades.
  • Located directly across the street from the Santa Monica Business Park.

OVERVIEW

Colliers presents Ocean Park Plaza, a two-story, 100,700-square-foot office/medical building located in the highly desirable Ocean Park neighborhood of Santa Monica. With approximately $8 million invested into the property since 2017, Ocean Park Plaza offers an owner/user the unique opportunity to acquire a state-of-the-art, secure office project adjacent to the Santa Monica Business Park in the heart of Silicon Beach. The property is ideally situated for both traditional and medical office users as the project features ample outdoor space, 11-foot ceiling heights, operable windows, direct freeway access, convenient covered parking, natural light, security, and walkable amenities. With 73,557 square feet (73% of project) available for immediate occupancy, an owner/user could acquire the project, occupy all (or a portion of) the available space, and benefit from the income of the existing tenant roster. Given the strong market fundamentals and medical office optionality, an investor could also implement a value-add lease-up strategy with a large reduction in the amount of capital required due to the existing quality of the vacant suites and the recent renovation that took place.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Ocean Park Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

313

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

NC

APN/PARCEL ID

4270-014-046

ASK ABOUT THIS PROPERTY

Sean FulpColliersMore Info
415-310-7331

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Sean FulpColliersMore Info
415-310-7331

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