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70-72 Windward Ave 3,500 SF 100% Leased Retail Building Venice, CA 90291 $4,250,000 ($1,214.29/SF)
Investment Highlights
- Prime Location with High Foot Traffic and Unparalleled Visibility
- Additional Income Opportunity
- Opportunity for Growth
Executive Summary
Northmarq is pleased to exclusively offer the opportunity to acquire 70-72 Windward Ave. (the “Property” or “Offering”). The ±3,500 sq. ft. building presents a rare opportunity to acquire a high-profile, mixed-use asset in one of Los Angeles’ most vibrant coastal neighborhoods. Featuring Ground Floor retail, Event space and residential on the upper floors and a private rooftop deck across three floors, the property offers versatile space suitable for a variety of tenants or an owner-occupier. Ideally located in the heart of Venice, directly under the world-renowned Venice sign, drawing 1.2 million visitors annually, the property benefits from strong foot traffic.
Currently master-leased to an owner-user who specializes in outdoor advertising, the property provides immediate income while offering flexibility for a range of buyer strategies. Both the lessee and his sublessee tenant have less than two years remaining on their leases, creating opportunities for a future owner/user or investor to reposition the asset. The property also offers façade advertising, generating significant revenue.
Currently master-leased to an owner-user who specializes in outdoor advertising, the property provides immediate income while offering flexibility for a range of buyer strategies. Both the lessee and his sublessee tenant have less than two years remaining on their leases, creating opportunities for a future owner/user or investor to reposition the asset. The property also offers façade advertising, generating significant revenue.
Property Facts
Sale Type
Investment
Property Type
Building Size
3,500 SF
Building Class
B
Year Built
2007
Price
$4,250,000
Price Per SF
$1,214.29
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.61
Lot Size
0.05 AC
Zoning
C2, Los Angeles - Commercial
Amenities
- 24 Hour Access
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (99)
Nearby Major Retailers
Property Taxes
| Parcel Number | 4226-009-021 | Improvements Assessment | $1,167,328 |
| Land Assessment | $6,632,550 | Total Assessment | $7,799,878 |
Property Taxes
Parcel Number
4226-009-021
Land Assessment
$6,632,550
Improvements Assessment
$1,167,328
Total Assessment
$7,799,878
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70-72 Windward Ave
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