4047-4051 Lincoln Blvd
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4047-4051 Lincoln Blvd
9,569 SF 100% Leased Retail Building Marina Del Rey, CA 90292 $7,895,000 ($825/SF) 4.75% Cap Rate
Investment Highlights
- Compelling Cash Flow
- 100% Leased “Turn-key” Multi-tenant NNN Investment Opportunity
- Recent Capital Improvements
- Prime Coastal Location, Visibility & Outstanding Frontage
- Attractive Financing Option
- Highly Amenitized Area
Executive Summary
JLL, as exclusive advisor, is pleased to present the unique opportunity to acquire 4047–4051 Lincoln Blvd (the “Property”) located in affluent Marina Del Rey, California. Desirably situated on Lincoln Blvd just south of the intersection of Washington Blvd, the Property consists of a 9,569± square foot single-story freestanding multi-tenant commercial building with onsite surface parking, situated on 11,280± square feet of land. The Property is 100% leased to three tenants on long term NNN leases, offering an attractive and rare cash-flowing investment in a renowned coastal location, with future upside potential.
The Property has exciting and edgy curb appeal and benefits by attractive marketable attributes including exposed sandblasted wood truss ceilings, polished concrete floors, skylights, large storefront windows fronting Lincoln and new automatic roll up doors in the rear for easy loading. A dedicated onsite surface parking lot for 12 cars is located in the rear of the property and was reconstructed with new stone pavers. Other recent considerable capital improvements include new HVAC units, plumbing and main water lines, electrical panels, and exterior lighting.
Located on a well-known Los Angeles thoroughfare and retail artery – Lincoln Blvd – in the upscale coastal neighborhood of Marina Del Rey, the Property benefits from being in an irreplaceable location with superior demographics and densely packed with residential and commercial tenants, including a newly constructed nine story Cedars Sinai Marina Del Rey Hospital. With quick access to the 90, 405 and 10 freeways along with being minutes from several world-renowned beaches along the Pacific Ocean, the Property’s strategic and attractive location provides easy connectivity to all of Los Angeles and will remain a continued thriving destination for businesses for years to come.
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The Property has exciting and edgy curb appeal and benefits by attractive marketable attributes including exposed sandblasted wood truss ceilings, polished concrete floors, skylights, large storefront windows fronting Lincoln and new automatic roll up doors in the rear for easy loading. A dedicated onsite surface parking lot for 12 cars is located in the rear of the property and was reconstructed with new stone pavers. Other recent considerable capital improvements include new HVAC units, plumbing and main water lines, electrical panels, and exterior lighting.
Located on a well-known Los Angeles thoroughfare and retail artery – Lincoln Blvd – in the upscale coastal neighborhood of Marina Del Rey, the Property benefits from being in an irreplaceable location with superior demographics and densely packed with residential and commercial tenants, including a newly constructed nine story Cedars Sinai Marina Del Rey Hospital. With quick access to the 90, 405 and 10 freeways along with being minutes from several world-renowned beaches along the Pacific Ocean, the Property’s strategic and attractive location provides easy connectivity to all of Los Angeles and will remain a continued thriving destination for businesses for years to come.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,569 SF
Building Class
B
Year Built/Renovated
1951/2021
Price
$7,895,000
Price Per SF
$825
Cap Rate
4.75%
NOI
$375,332
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.85
Lot Size
0.26 AC
Zoning
C4 - Commercial
Parking
12 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
100 FT on Lincoln
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Tenant Controlled HVAC
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 4229-005-036 | Improvements Assessment | $432,806 |
Land Assessment | $3,520,713 | Total Assessment | $3,953,519 |
PROPERTY TAXES
Parcel Number
4229-005-036
Land Assessment
$3,520,713
Improvements Assessment
$432,806
Total Assessment
$3,953,519
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4047-4051 Lincoln Blvd
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