Binoculars Building 340 Main St 78,578 SF Office Building Venice, CA 90291 For Sale
INVESTMENT HIGHLIGHTS
- 3% Fixed Annual Increases: Contractual base rent increase 3% annually.
- Prime Location: Irreplaceable Silicon Beach address, three blocks from the beach, with a 94 Walk Score & 100 Bike Score.
- Highly Utilized Building Amenities: The Property features a game room and an on-site cafeteria, the only full cafeteria on the entire Google Campus.
- Architectural Masterpiece by Renowned Artists: This iconic building is a testament to the creative genius of world-renowned architect, Frank Gehry.
- Ample Parking: Rare coastal abundance of parking offering 285 stalls (3.6/1,000 SF).
- Strong Historical Occupancy: The Property has averaged 93% occupancy since it was built.
EXECUTIVE SUMMARY
CBRE, Inc., as exclusive advisor, is pleased to present the opportunity to acquire The Binoculars Building, an iconic, 78,578-square-foot Frank Gehry-designed creative office building located in Los Angeles, CA. Just steps from the Venice Beach Boardwalk, the Building offers immediate access to a tremendous amenity base in one of the most coveted creative office submarkets in America.
The Property is 100% NNN leased to Google at below market rents through October 2030. Google’s parent company, Alphabet Inc., holds a strong credit rating of AA+ by S&P Global Ratings.
The Property is 100% NNN leased to Google at below market rents through October 2030. Google’s parent company, Alphabet Inc., holds a strong credit rating of AA+ by S&P Global Ratings.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
78,578 SF
Building Class
A
Year Built
1991
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
26,193 SF
Slab To Slab
11’
Building FAR
2.31
Lot Size
0.78 AC
Zoning
M1 - Limited Industrial MR1 Uses, Limited Industrial and Manufacturing Uses, no R Zone Uses, no Hospitals, Schools, Churches, any Enclosed C2 Use
Parking
275 Spaces (3.5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Courtyard
- Fenced Lot
- Food Court
- Property Manager on Site
- Security System
- Reception
- Roof Terrace
- Car Charging Station
- Air Conditioning
- Balcony
1 of 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 4286-004-009 | Improvements Assessment | $22,855,906 |
| Land Assessment | $4,696,407 | Total Assessment | $27,552,313 |
