70-72 Windward Ave - Office/Residential FOR SALE


Venice, CA 90291
$4,250,000 USD
424-401-9203
70-72 Windward Ave, Venice, CA for Sale
$4,250,000 USD
Office/Residential - FOR SALE
1/7
null | 3.75% Cap Rate

70-72 Windward Ave
Venice, CA 90291


HIGHLIGHTS

  • Prime Location with High Foot Traffic and Unparalleled Visibility
  • Opportunity for Growth
  • Additional Income Opportunity

OVERVIEW

Northmarq is pleased to exclusively offer the opportunity to acquire 70-72 Windward Ave. (the “Property” or “Offering”). The ±3,500 sq. ft. building presents a rare opportunity to acquire a high-profile, mixed-use asset in one of Los Angeles’ most vibrant coastal neighborhoods. Featuring Ground Floor retail, Event space and residential on the upper floors and a private rooftop deck across three floors, the property offers versatile space suitable for a variety of tenants or an owner-occupier. Ideally located in the heart of Venice, directly under the world-renowned Venice sign, drawing 1.2 million visitors annually, the property benefits from strong foot traffic. Currently master-leased to an owner-user who specializes in outdoor advertising, the property provides immediate income while offering flexibility for a range of buyer strategies. Both the lessee and his sublessee tenant have less than two years remaining on their leases, creating opportunities for a future owner/user or investor to reposition the asset. The property also offers façade advertising, generating significant revenue.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$1,063 USD /SF

CAP RATE

3.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

4226-009-021

ASK ABOUT THIS PROPERTY

Tim KuruzarJLLMore Info
424-401-9203

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Tim KuruzarJLLMore Info
424-401-9203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.