2344 Pico Blvd | Santa Monica, CA 90405
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2344 Pico Blvd
Santa Monica, CA 90405
Jiffy Lube · Retail Property For Sale
Investment Highlights
- The buyer broker commission is set at 4%, with no landlord responsibilities attached
- There are three years remaining on the lease, featuring 2% annual increases
- Additionally, it offers a sole 5-year option with an 8% bump, making it an attractive investment prospect
- Lowest Price NNN in Santa Monica
- The property presents an excellent opportunity for a 1031 exchange, located in a prime corner near Whole Foods and Santa Monica College
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,562 SF
Building Class
B
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.31 AC
Zoning
NC, Santa Monica - Check with City of Santa Monica
Parking
15 Spaces (2.32 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 4273-007-042 | Improvements Assessment | $546,250 |
| Land Assessment | $3,500,000 | Total Assessment | $4,046,250 |
Property Taxes
Parcel Number
4273-007-042
Land Assessment
$3,500,000
Improvements Assessment
$546,250
Total Assessment
$4,046,250
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