Retail Site on Corner of Euclid /Wilshire | 1300-1306 Wilshire Blvd
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Retail Site on Corner of Euclid /Wilshire 1300-1306 Wilshire Blvd
5,720 SF 100% Leased Retail Building Santa Monica, CA 90403 $4,950,000 ($865/SF) 5.51% Cap Rate
Investment Highlights
- Premier Santa Monica Mid-City Location
- Established long-term tenants with NNN leases
- Close to the beach, high-end dining, and nightlife
- Located on the signalized corner of Wilshire Blvd and Euclid St
- Large corner lot zoned C6* within the Mixed-Use Boulevard District
- NOTE: One unit at the property was previously occupied by a tenant operating a dry cleaning business. Testing was performed to determine if any vapor
Executive Summary
Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, Inc, is pleased to offer for sale the rare investment opportunity to acquire a multi-tenant retail building in the epicenter of the famed coastal city of Santa Monica.
1306 Wilshire Blvd sits prominently on the highly trafficked signalized intersection of Wilshire Blvd and Euclid St in the popular Mid-City area of Santa Monica. Bordered by two major thoroughfares, Wilshire and Olympic Boulevards, and two E Line stations, the Mid-City area in Santa Monica is an easily accessible neighborhood known for its arts and entertainment offerings as well as top-notch eateries.
Available to be purchased for the first time in decades, the property consists of 5,720 square feet situated on a 10,504 gross square foot corner lot with on-site parking for 10 vehicles. The parcel is zoned Santa Monica C6* within the highly desirable Mixed-Use Boulevard District. Due to its location, the property offers a wide variety of potential uses. Current tenants include the popular La Monarca Bakery as well as a hair salon, pet clinic, and tutor center. All tenants are long term on NNN leases, and there remains significant untapped rental upside for a new owner.
Within walking distance to the beach, high-end dining, and nightlife, 1306 Wilshire Blvd presents an astute investor with the quintessential opportunity to acquire a prestigious turnkey retail asset located in one of the most high-profile locations in Los Angeles.
NOTE: One unit at the property was previously occupied by a tenant operating a dry cleaning business. Testing was performed to determine if any vapor intrusion was detected. The reports related to this testing will be provided to prospective buyers and their agents.
1306 Wilshire Blvd sits prominently on the highly trafficked signalized intersection of Wilshire Blvd and Euclid St in the popular Mid-City area of Santa Monica. Bordered by two major thoroughfares, Wilshire and Olympic Boulevards, and two E Line stations, the Mid-City area in Santa Monica is an easily accessible neighborhood known for its arts and entertainment offerings as well as top-notch eateries.
Available to be purchased for the first time in decades, the property consists of 5,720 square feet situated on a 10,504 gross square foot corner lot with on-site parking for 10 vehicles. The parcel is zoned Santa Monica C6* within the highly desirable Mixed-Use Boulevard District. Due to its location, the property offers a wide variety of potential uses. Current tenants include the popular La Monarca Bakery as well as a hair salon, pet clinic, and tutor center. All tenants are long term on NNN leases, and there remains significant untapped rental upside for a new owner.
Within walking distance to the beach, high-end dining, and nightlife, 1306 Wilshire Blvd presents an astute investor with the quintessential opportunity to acquire a prestigious turnkey retail asset located in one of the most high-profile locations in Los Angeles.
NOTE: One unit at the property was previously occupied by a tenant operating a dry cleaning business. Testing was performed to determine if any vapor intrusion was detected. The reports related to this testing will be provided to prospective buyers and their agents.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,720 SF
Building Class
C
Year Built
1948
Price
$4,950,000
Price Per SF
$865
Cap Rate
5.51%
NOI
$272,745
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.24 AC
Zoning
SMC4VV - Santa Monica, Commercial
Parking
10 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
80 FT on Wilshire
Amenities
- Signalized Intersection
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Biker's Paradise (96)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4282-004-020 | Improvements Assessment | $251,862 |
| Land Assessment | $1,251,445 | Total Assessment | $1,503,307 |
PROPERTY TAXES
Parcel Number
4282-004-020
Land Assessment
$1,251,445
Improvements Assessment
$251,862
Total Assessment
$1,503,307
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Retail Site on Corner of Euclid /Wilshire | 1300-1306 Wilshire Blvd
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