2624 – 2636 Wilshire Boulevard, Santa Monica, CA 90403

Property Description

PREMIER RETAIL BUILDING – INVESTMENT NNN

BUILDING SIZE: Approximately 8,008 rentable square feet
LOT SIZE: Approximately 14,280 square feet
APN #(s): 4267-007-004, 4267-007-005 & 4267-007-006
SALE PRICE: $9,795,000
PRICE PER SQUARE FOOT: $1,223
FRONTAGE: +/- 130 feet on Wilshire Boulevard
+/- 110 feet on Princeton Street
PARKING: Twenty-eight (28) spaces
YEAR(s) BUILT: 1932, 1949 and 1954
ZONING: MUBL
TYPE OF OWNERSHIP: Fee simple
PROFORMA CAP: 3.76%
YEAR 1 PROFORMA NOI: $368,315

• Pride of ownership
• High traffic counts in excess of 44,300 vehicles per day
• Densely populated, high income area with great demographics
• Well maintained property with excellent parking
• Tenants include Mathnasium, Champak Nails and Malbec Argentinean Cuisine