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631 Wilshire Boulevard, Santa Monica, CA

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631 Wilshire Boulevard

N/W/C of 7th & Wilshire
Santa Monica, CA 90401-1510 - Santa Monica Submarket

Property Type:Office Sub Type:Office Live/Work Unit Status:Existing , Renov November 1997 Year Built:1958
Stories:4 Typical Floor:- Building Size:39,768 SF
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Parking:73 Surface spaces @ $250.00/mo; Ratio of 2.5/1,000 SF Amenities:Signage

This is a rare stand-alone, highly visible building on Wilshire Blvd.
It features high ceilings and large, operable windows.
It is adjacent to the Third Street Promenade and Santa Monica Place; Steps to business services, restaurants and shopping.
The building is connected to City of Santa Monica’s powerful City Net fiber optic network (10Gb/s broadband).
It is also close to major thoroughfares, Santa Monica-10 Fwy, 405 Fwy and NEW Expo Line Metro Station at 4th and Colorado.

There was a $4 million renovation that took place in this 1937 art deco building. The interiors were completely remodeled, there are operable windows, building signage is available. Additionally there are 11 foot sandblasted concrete ceilings and 4-Deluxe 1,500SF residential apartments located on 3rd floor.

Building Size info:
Office 17,937 sf
Retail 11,005 sf
Live/Work (4 units) 10,826 sf

Sale Notes:
CBRE, Inc., as exclusive advisor, is pleased to present the opportunity to acquire a trophy mixed-use, 39,768 square foot building in Downtown Santa Monica, known as 631 Wilshire, (The Property ). Proximate to the beach, Third Street Promenade, and Montana Avenue, 631 Wilshire is an exceptional three-story creative office and retail building with ocean and mountain views.

Built in 1958 in an Art Deco-inspired style, 631 Wilshire was recently renovated to the highest degree. The Property is attentively designed with tasteful modern improvements to target the vibrant technology and creative industries that populate the Silicon Beach market. 631 Wilshire' s highly visible 11,005 square feet of retail along Wilshire Boulevard, anchored by Chase Bank, has attracted some of the City' s most popular eateries including Mendocino Farms, Sidecar Doughnuts & Coffee and Juice Served Here.

The Property' s distinctive architectural design and improvements, original creative office suites, prime Wilshire Boulevard retail, and high-end live/work units create a trophy investment opportunity in one of the strongest and most supply constrained markets in the Nation.

The Property provides a highly desired Wilshire Boulevard address in the Downtown Silicon Beach Santa Monica submarket, proximate to a wealth of amenities.

" Walkable to 3rd Street Promanade, Santa Monica Place and Santa Monica Pier, with countless top-rated restaurants, high-end retailers and numerous service and entertainment amenities.

" Four blocks from the terminus of the future Expo Line scheduled to open in 2015, which will connect Santa Monica to Downtown Los Angeles.

" Near the Montana Avenue retail corridor, one of the Westside' s elite boutique shopping districts, home to over 200 merchants.

" Downtown Santa Monica is supported by affluent surrounding neighborhoods, a highly educated labor pool, growing urban residential development and thriving tourism.

Newmark Grubb Knight Frank
Michael B Moore
(310) 491-2019

Michael V Longo
(310) 363-4906

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