1402 Wilshire Blvd - Storefront FOR SALE
Santa Monica, CA 90403 |
1402 Wilshire Blvd
Santa Monica, CA 90403
HIGHLIGHTS
- 1402 Wilshire Boulevard sits on ±10,018 SF of land and is adjacent to two (2) Santa Monica City parking lots with 50 parking spaces at the rear lot
- Corner Location - Located at the corner location of Wilshire Boulevard and 14th Street with tremendous access and visibility from both streets
- Petco lease has a cancellation provision that allows for both the Landlord and Tenant to terminate the lease with 120-day notice to vacate
- Trophy Property – 1402 Wilshire Boulevard was rebuilt in 1995, has been impeccably maintained, and has virtually zero deferred maintenance
- Unleashed by Petco signed a NNN lease and this offers new ownership the opportunity to purchase a property with limited landlord responsibilities
- Current in-place rents average just $1.50/SF NNN, nearly 50% below current market rates for similar assets in the trade area
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Storefront Retail/Office
TOTAL BUILDING SIZE
8389
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
4282-003-020
