1402 Wilshire Blvd | Santa Monica, CA 90403
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- LoopNet Team
1402 Wilshire Blvd
Santa Monica, CA 90403
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 1402 Wilshire Boulevard sits on ±10,018 SF of land and is adjacent to two (2) Santa Monica City parking lots with 50 parking spaces at the rear lot
- Petco lease has a cancellation provision that allows for both the Landlord and Tenant to terminate the lease with 120-day notice to vacate
- Unleashed by Petco signed a NNN lease and this offers new ownership the opportunity to purchase a property with limited landlord responsibilities
- Corner Location - Located at the corner location of Wilshire Boulevard and 14th Street with tremendous access and visibility from both streets
- Trophy Property – 1402 Wilshire Boulevard was rebuilt in 1995, has been impeccably maintained, and has virtually zero deferred maintenance
- Current in-place rents average just $1.50/SF NNN, nearly 50% below current market rates for similar assets in the trade area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,557 SF
Building Class
B
Year Built
1995
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.85
Lot Size
0.23 AC
Zoning
MUB - Mixed Use Boulevard Zone
Parking
50 Spaces (5.84 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Security System
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 4282-003-020 | Improvements Assessment | $195,043 |
| Land Assessment | $894,491 | Total Assessment | $1,089,534 |
PROPERTY TAXES
Parcel Number
4282-003-020
Land Assessment
$894,491
Improvements Assessment
$195,043
Total Assessment
$1,089,534
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