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1420-1430 Wilshire Blvd

19,450 SF 100% Leased Retail Building Santa Monica, CA 90403 £15,779,999 (£811/SF) 7.09% Net Initial Yield

Investment Highlights

  • 100% Leased to Bank of America for over 60 years
  • Signalized Corner directly next door to UCLA Hospital
  • Rare Absolute Net Lease on Large Lot

Executive Summary

Perfect 1031 exchange. Trophy Single Tenant on signalized corner in Santa Monica. 100% leased to Bank of America. Rare Absolute Net lease.

Attachments

1420 Wilshire Blvd Final OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,450 SF
Building Class
C
Year Built
1953
Price
£15,779,999
Price Per SF
£811
Net Initial Yield
7.09%
NOI
£1,119,514
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.65
Land Acres
0.69 AC
Zoning
C4, Santa Monica - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Frontage
150 ft on Wilshire
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Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

The Coffee Bean & Tea Leaf
Jenny Craig
Starbucks
Vons
U.S. Bank
Whole Foods
Citi
Trader Joe's
First Citizens Bank & Trust
City National Bank

PROPERTY TAXES

Parcel Number 4282-003-001 Improvements Assessment £4,928,861
Land Assessment £7,378,297 Total Assessment £12,307,158

PROPERTY TAXES

Parcel Number
4282-003-001
Land Assessment
£7,378,297
Improvements Assessment
£4,928,861
Total Assessment
£12,307,158
(310) 275-8222

  • Listing ID: 34083286

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 1420-1430 Wilshire Blvd, Santa Monica, CA 90403

The Retail Property at 1420-1430 Wilshire Blvd, Santa Monica, CA 90403 is currently available For Sale. Contact Commercial Asset Group (CAG) for more information.

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© 2024 CoStar Group

1420-1430 Wilshire Blvd
(310) 275-8222 x

1420-1430 Wilshire Blvd

David Ickovics

(310) 275-8222

(310) 275-8222

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