This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Third Street Promenade 1231 3rd Street Promenade
10,035 - 30,411 SF of 4-Star Retail Space Available in Santa Monica, CA 90401
Highlights
- 1231 3rd Street Promenade offers tenants more affordable rent for a prime retail storefront with modern aesthetics and endless possibilities.
- Versatile layout options accommodate various needs and configurations, including the use of the roof with sweeping ocean views.
- Take advantage of convenient access to 90 minutes of free public parking behind the building and plenty of nearby public lots.
- In the heart of Third Street Promenade, a bustling shopping and entertainment district with everything from farmers markets to designer fashion.
- Benefit from the constant pedestrian flow of over 319,000 people per day, attracting both locals and tourists from near and far.
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 10,191 SF | 1-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 10,035 SF | 1-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 10,185 SF | 1-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
Basement
Ownership is willing to make a deal of a lifetime and work with tenants who are committed to reaching out, please contact the number on the listing. United El Segundo, Inc. looks forward to hearing from you.
- Fully Built-Out as Specialty Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 30,411 SF of adjacent space
- Central Air Conditioning
- High Ceilings
- Exposed Ceiling
1st Floor
Ownership is willing to make a deal of a lifetime and work with tenants who are committed to reaching out, please contact the number on the listing. United El Segundo, Inc. looks forward to hearing from you.
- Fully Built-Out as Specialty Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 30,411 SF of adjacent space
- Central Air Conditioning
- High Ceilings
- Recessed Lighting
2nd Floor
Ownership is willing to make a deal of a lifetime and work with tenants who are committed to reaching out, please contact the number on the listing. United El Segundo, Inc. looks forward to hearing from you.
- Fully Built-Out as Specialty Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 30,411 SF of adjacent space
- Central Air Conditioning
- High Ceilings
- Recessed Lighting
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Third Street Promenade
- Tenant
- Description
- US Locations
- Reach
- Burn Fitness
- Fitness
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Burn Fitness | Fitness | 1 | Local |
PROPERTY FACTS FOR 1231 3rd Street Promenade , Santa Monica, CA 90401
| Property Type | Retail | Total Land Area | 0.24 AC |
| Property Subtype | Storefront | Year Built/Renovated | 1962/2000 |
| Gross Leasable Area | 30,411 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 30,411 SF |
| Total Land Area | 0.24 AC |
| Year Built/Renovated | 1962/2000 |
About the Property
1231 3rd Street Promenade is a premier retail property that offers an exceptional opportunity for businesses looking to thrive in one of Santa Monica’s most vibrant and high-traffic areas. Acquired at a competitive price, the building’s cost-efficiency enables the owner to provide more affordable rental rates, making this prime location accessible to a wide range of retailers. The property's modern design features sleek interiors and a versatile layout, allowing for flexible configurations to suit various business needs. Tenants will benefit from the building's strategic positioning amid a bustling shopping district that attracts both locals and tourists, ensuring high foot traffic daily. The surrounding area boasts a wealth of amenities that enhance the appeal of this retail space. As Santa Monica's dynamic shopping and pedestrian mall, Third Street Promenade is renowned for its lively atmosphere, with a rich mix of popular stores, trendy boutiques, gourmet dining options, and entertainment venues. This dynamic environment not only draws shoppers but also creates a vibrant community feel that enhances the customer experience. Additionally, ample nearby parking structures provide convenient access for tenants and their customers, alleviating the common issue of urban parking challenges. The proximity to major attractions such as the Santa Monica Pier and the beach further adds to the location’s desirability, ensuring a steady influx of visitors year-round. This combination of prime, affordable property in a thriving area makes 1231 3rd Street Promenade an ideal choice for businesses aiming to establish a strong presence in a sought-after retail corridor.
Nearby Major Retailers
Presented by
Third Street Promenade | 1231 3rd Street Promenade
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.