170 Pier Ave
Santa Monica, CA 90405
Ocean Park
HIGHLIGHTS
- Single-Tenant Wells Fargo Bank; Over 6 Years Remaining with One 5-Year Option at Fair Market; Investment-Grade Credit (S&P: BBB+)
- Corporate Guaranty; Long-Term Historical Occupancy; Tenant Since 2007
- NNN Lease; Ease of Management; 2026 Planned Renovation; Tenant Investment Into Exterior and Interior Upgrades
- Rare Parking Lot Included with Approximately 22 Spaces; Approx. 1/3 Acre Parcel Allows for Future Development Potential
- Positioned Along Santa Monica's Largest North/South Coastal Thoroughfare: Neilson Way, Ocean Avenue and Pacific Avenue
- Prime Santa Monica Location Less Than 1 Block from the Beach
FOR SALE DETAILS
PRICE
$9,275,000 USD
PRICE/SF
$1,878 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wells Fargo | Santa Monica, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1956
SPRINKLERS
-
PARKING SPACES
22
LAND DETAILS
LAND ACRES
0.31 AC
LAND SF
13,504 SF
ZONING
SMCM4*
APN/PARCEL ID
4288-007-001
ASK ABOUT THIS PROPERTY
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844-585-7636
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844-585-7636
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