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1752-1756 Cloverfield Blvd

15,750 SF Flex Building Santa Monica, CA 90404 $13,800,000 ($876/SF) 5.82% Cap Rate

Investment Highlights

  • Tremendous amount of space occupied by Technology and Entertainment companies within the immediate area.
  • Never on the market for sale.
  • Built and owned by the same family since 1958.

Executive Summary

Premier investment opportunity in Santa Monica. The property is located on one of Santa Monica's main thoroughfares with direct access to the 10 Freeway to the South as well as Olympic Boulevard to the North. Current tenant is TAE Life Sciences/ US LLC that is on a NNN lease through 6/28/2028.

Property Facts

Price $13,800,000
Price Per SF $876
Sale Type Investment NNN
Cap Rate 5.82%
Property Type
Flex
  • Flex Light Manufacturing
  • FlexLight Distribution
Building Class C
Lot Size 0.75 AC
Rentable Building Area 15,750 SF
No. Stories 1
Year Built 1957
Tenancy Single
Parking Ratio 2.67/1,000 SF

Amenities

  • Bio-Tech/ Lab Space

Utilities

  • Heating
Walk Score ®
Very Walkable (85)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 4275-032-008
  • 4275-032-010
Land Assessment
$530,421
Improvements Assessment
$712,216
Total Assessment
$1,242,637

zoning

Zoning Code LMSD
LMSD
  • Listing ID: 32411062

  • Date on Market: 7/10/2024

  • Last Updated:

  • Address: 1752-1756 Cloverfield Blvd, Santa Monica, CA 90404

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