Historical Industrial Sale Listing - 2041-2115 Colorado Ave.

Industrial For Sale

This Industrial property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Industrial For Sale, Santa Monica, CA or California

2041-2115 Colorado Ave.

2041-2115 Colorado Ave., Santa Monica, CA 90404

N/A

60,000 SF | Industrial

  • Print

Industrial Property - Off Market

Price:
N/A
Building Size:
60,000 SF
Property Type:
Industrial
Property Sub-type:
Flex Space
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
5.50%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
90,000 SF
Listing ID
15286954
Last Updated
over 1 year ago

Description

The property is located in the heart of the Santa Monica media district, see location description. 90,000 sf ( 300' X 300' ) of Santa Monica LMSD zoned land improved with four industrial buildings totaling approx. 60,000 sf. The buildings have high bow truss, wide span ceilings, industrial windows all around, are improved as creative space and leased to mutiple tenants. Tenants, except for a 16,000 sf month to month, are all media and creative companies and include credit tenants. Due to the convergence of media/internet co's at this location the leasing market is extremly strong. There are multiple offers for any space that becomes available. Leases are NNN or modified gross with expense increase pass throughs. Very low management. UPSIDE: 1. release the low rent M/M & other spaces to achieve the listed CAP/NOI.
2. The LMSD zoning provides for building 135,000 sf of live/work space (180 lofts). Please verify with the City of Santa Monica.

The property is in the heart of Santa Monica media district: The HQ of Vivendi Universal and Sony BMG, the two largest music companies in the world, are across the street. Half a block from Yahoo Center, one block from MTV, Playboy Studio is behind the properrty.
FWY 10 ramps are two blocks away. Close to the Ocean.

Map of 2041-2115 Colorado Ave., Santa Monica, CA 90404 (Los Angeles County)

Research for 2041-2115 Colorado Ave., Santa Monica, CA 90404 (Los Angeles County)

  • Demographics – Population, income & other demographics near 2041-2115 Colorado Ave.
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building