2736 Main St - Storefront Retail/Office FOR SALE


Santa Monica, CA 90405
$3,395,000 USD
310-500-0429
2736 Main St, Santa Monica, CA for Sale
$3,395,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 4.12% Cap Rate

Aug '30


2736 Main St
Santa Monica, CA 90405


HIGHLIGHTS

  • Tenant may be willing to be bought out of current lease.

OVERVIEW

Exposed brick with an industrial-inspired interior. High ceilings with exposed beams and skylights. A new HVAC system and a silicone roof with a 15-year warranty were installed in 2021 and 2022. Projected Income for 02/1/2025 – 1/31/2026 of $139,890 + triple net reimbursements. Six years remaining on the initial lease term with annual rent increases of 2.75%. The tenant is a seasoned business owner with 20+ years of experience. Tenant may consider vacating early so the property can be occupied by an owner-user.

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$1,377 USD /SF

CAP RATE

4.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Trophy Retail on Main St. Investor/Owner-User

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CM2

APN/PARCEL ID

4288-010-001,4288-010-008

ASK ABOUT THIS PROPERTY

Scott EzraRootstock Investment GroupMore Info
310-500-0429

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Scott EzraRootstock Investment GroupMore Info
310-500-0429

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