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2300 Wilshire Blvd - 2300 Wilshire 14,377 SF Retail Condo Unit Offered at $34,570,888 in Santa Monica, CA 90403
INVESTMENT HIGHLIGHTS
- COMMERCIAL/RETAIL PORTION ONLY
- THE HIGHLY VISIBLE CORNER OF WILSHIRE BLVD BETWEEN 23RD STREET AND 24TH STREET
- DIRECT ACCESS TO SANTA MONICA, BRENTWOOD, AND WEST LOS ANGELES
- TRADER JOES, EXER URGENT CARE AND FEDEX OFFICE AND PRINT SERVICES
- STRONG DEMOGRAPHICS AND TRAFFIC COUNTS
- SURROUNDED BY MAJOR RETAILERS WITH A DIVERSE SELECTION OF RESTAURANTS, GROCERS AND COFFEE SHOPS
PROPERTY FACTS
1 UNIT AVAILABLE
Unit 1-4
| Unit Size | 14,377 SF | Sale Type | Investment |
| Price | $34,570,888 | Cap Rate | 5.00% |
| Price Per SF | $2,404.60 | NOI | $1,728,544.40 |
| Condo Use | Retail | APN/Parcel ID | 4276-017-125 |
| Unit Size | 14,377 SF |
| Price | $34,570,888 |
| Price Per SF | $2,404.60 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $1,728,544.40 |
| APN/Parcel ID | 4276-017-125 |
DESCRIPTION
California Realty Group, as exclusive advisor, proudly presents the ground floor retail/commercial component of this high profile mixed-use building. There are 4 retail/commercial units totaling 23,637 square feet. One of Trader Joes top performing stores anchors the property in 14,377 square feet. The other tenants included are Exer Urgent Care at 4,780 square feet, FedEx Office and Print Services at 2,240 square feet and one space available for lease at 2,240 square feet. The project includes 30 luxury condominiums located on the second and third floors, which are not part of this offering. The site also provides an abundant amount of parking.
Located in a high traffic area, the site offers outstanding street presence, excellent visibility, and prominent signage. The property is surrounded by a variety of retail shops and services including regional and national grocery stores, coffee shops, restaurants, drug stores, and medical facilities. Additional mixed-use projects are currently under construction or planned along Wilshire Boulevard in Santa Monica.
SALE NOTES
2300 Wilshire Boulevard is situated along Wilshire Boulevard between 23rd and 24th Street, block to block. The property borders Brentwood, West Los Angeles, and surrounding affluent neighborhoods. The location is supported by high household incomes and significant daily traffic counts, offering exceptional visibility and access to a strong consumer base. The site also provides easy access to public transportation and is conveniently positioned near the 405 and 10 freeways.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 828 - 946 |
| 2+2 | 18 | - | 1,131 - 1,699 |
| 2+2.5 | 6 | - | 1,371 - 1,711 |
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2300 Wilshire Blvd - 2300 Wilshire
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