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Wells Fargo | Santa Monica, CA 170 Pier Ave 4,939 SF Retail Building Santa Monica, CA 90405 $9,275,000 ($1,877.91/SF) 4.75% Cap Rate
Investment Highlights
- Single-Tenant Wells Fargo Bank; Over 6 Years Remaining with One 5-Year Option at Fair Market; Investment-Grade Credit (S&P: BBB+)
- NNN Lease; Ease of Management; 2026 Planned Renovation; Tenant Investment Into Exterior and Interior Upgrades
- Positioned Along Santa Monica's Largest North/South Coastal Thoroughfare: Neilson Way, Ocean Avenue and Pacific Avenue
- Corporate Guaranty; Long-Term Historical Occupancy; Tenant Since 2007
- Rare Parking Lot Included with Approximately 22 Spaces; Approx. 1/3 Acre Parcel Allows for Future Development Potential
- Prime Santa Monica Location Less Than 1 Block from the Beach
Executive Summary
Property Facts
Amenities
- Bus Line
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Wells Fargo began in 1852, when Henry Wells and William G. Fargo founded Wells, Fargo & Co. to provide express and banking services. Wells Fargo now operates as a diversified financial services firm with businesses spanning consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management. The company offers banking, investment, mortgage, consumer finance, and commercial finance products through a mix of branch, digital, and other distribution channels, serving customers across consumer and business markets. In recent years, Wells Fargo has focused on simplifying the company, strengthening risk and control work, and investing in core businesses and technology.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 4288-007-001 | Improvements Assessment | $295,947 |
| Land Assessment | $13,909,619 | Total Assessment | $14,205,566 |
Property Taxes
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Wells Fargo | Santa Monica, CA | 170 Pier Ave
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