4047-4051 Lincoln Blvd - Storefront Retail/Office FOR SALE


Marina Del Rey, CA 90292
$7,895,000 USD
310-407-2124
4047-4051 Lincoln Blvd, Marina Del Rey, CA for Sale
$7,895,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 4.75% Cap Rate

4047-4051 Lincoln Blvd
Marina Del Rey, CA 90292


HIGHLIGHTS

  • Compelling Cash Flow
  • Prime Coastal Location, Visibility & Outstanding Frontage
  • 100% Leased “Turn-key” Multi-tenant NNN Investment Opportunity
  • Attractive Financing Option
  • Recent Capital Improvements
  • Highly Amenitized Area

OVERVIEW

JLL, as exclusive advisor, is pleased to present the unique opportunity to acquire 4047–4051 Lincoln Blvd (the “Property”) located in affluent Marina Del Rey, California. Desirably situated on Lincoln Blvd just south of the intersection of Washington Blvd, the Property consists of a 9,569± square foot single-story freestanding multi-tenant commercial building with onsite surface parking, situated on 11,280± square feet of land. The Property is 100% leased to three tenants on long term NNN leases, offering an attractive and rare cash-flowing investment in a renowned coastal location, with future upside potential. The Property has exciting and edgy curb appeal and benefits by attractive marketable attributes including exposed sandblasted wood truss ceilings, polished concrete floors, skylights, large storefront windows fronting Lincoln and new automatic roll up doors in the rear for easy loading. A dedicated onsite surface parking lot for 12 cars is located in the rear of the property and was reconstructed with new stone pavers. Other recent considerable capital improvements include new HVAC units, plumbing and main water lines, electrical panels, and exterior lighting. Located on a well-known Los Angeles thoroughfare and retail artery – Lincoln Blvd – in the upscale coastal neighborhood of Marina Del Rey, the Property benefits from being in an irreplaceable location with superior demographics and densely packed with residential and commercial tenants, including a newly constructed nine story Cedars Sinai Marina Del Rey Hospital. With quick access to the 90, 405 and 10 freeways along with being minutes from several world-renowned beaches along the Pacific Ocean, the Property’s strategic and attractive location provides easy connectivity to all of Los Angeles and will remain a continued thriving destination for businesses for years to come. .

FOR SALE DETAILS

PRICE

$7,895,000 USD

PRICE/SF

$834 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,280 SF

ZONING

C4

APN/PARCEL ID

4229-005-036

ASK ABOUT THIS PROPERTY

310-407-2124

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310-407-2124

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