310-363-4906
340 Main St, Venice, CA for Sale
Loft/Creative Space - FOR SALE
1/11
null | Request Cap Rate

340 Main St
Venice, CA 90291


HIGHLIGHTS

  • 3% Fixed Annual Increases: Contractual base rent increase 3% annually.
  • Architectural Masterpiece by Renowned Artists: This iconic building is a testament to the creative genius of world-renowned architect, Frank Gehry.
  • Prime Location: Irreplaceable Silicon Beach address, three blocks from the beach, with a 94 Walk Score & 100 Bike Score.
  • Ample Parking: Rare coastal abundance of parking offering 285 stalls (3.6/1,000 SF).
  • Highly Utilized Building Amenities: The Property features a game room and an on-site cafeteria, the only full cafeteria on the entire Google Campus.
  • Strong Historical Occupancy: The Property has averaged 93% occupancy since it was built.

OVERVIEW

CBRE, Inc., as exclusive advisor, is pleased to present the opportunity to acquire The Binoculars Building, an iconic, 78,578-square-foot Frank Gehry-designed creative office building located in Los Angeles, CA. Just steps from the Venice Beach Boardwalk, the Building offers immediate access to a tremendous amenity base in one of the most coveted creative office submarkets in America. The Property is 100% NNN leased to Google at below market rents through October 2030. Google’s parent company, Alphabet Inc., holds a strong credit rating of AA+ by S&P Global Ratings.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Binoculars Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

275

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

M1

APN/PARCEL ID

4286-004-009

ASK ABOUT THIS PROPERTY

310-363-4906

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310-363-4906

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