1343-1349 3rd Street Promenade - Storefront FOR SALE
Santa Monica, CA 90401- Downtown Santa Monica |
$26,880,000 USD
818-259-0476
1343-1349 3rd Street Promenade
Santa Monica, CA 90401
Downtown Santa Monica
HIGHLIGHTS
- Situated on the world renowned Third Street Promenade, this three (3)-tenant flagship retail asset offers undeniable trophy status.
- The property sits on one of the most iconic pedestrian shopping districts in the Western U.S., just steps from Santa Monica Pier.
- With three (3) distinct retail categories—team apparel, outdoor lifestyle, and sporting goods—the asset provides diversified income and reduced risk.
- With an unprecedented era of major events coming to LA, including the 2026 FIFA World Cup, the Super Bowl in 2027, and the 2028 Summer Olympics.
- The property can be acquired subject to existing interest only financing at 6.60% fixed for over four and a quarter (4.25) more years.
- All 3 tenants recently executed new leases or extensions, with significant build outs and improvements, demonstrating the tenants’ commitment.
FOR SALE DETAILS
PRICE
$26,880,000 USD
PRICE/SF
$1,247 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1926
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.34 AC
LAND SF
14,810 SF
ZONING
C3YY
APN/PARCEL ID
4291-012-012
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818-259-0476
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818-259-0476
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