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1752-1756 Cloverfield Blvd

15,750 SF Light Industrial Building Santa Monica, CA 90404 £10,797,810 (£686/SF) 5.82% Net Initial Yield

Investment Highlights

  • Tremendous amount of space occupied by Technology and Entertainment companies within the immediate area.
  • Never on the market for sale.
  • Built and owned by the same family since 1958.

Executive Summary

Premier investment opportunity in Santa Monica. The property is located on one of Santa Monica's main thoroughfares with direct access to the 10 Freeway to the South as well as Olympic Boulevard to the North. Current tenant is TAE Life Sciences/ US LLC that is on a NNN lease through 6/28/2028.

Property Facts

Price £10,797,810
Price Per SF £686
Sale Type Investment NNN
Net Initial Yield 5.82%
Property Type
Light Industrial
  • Light Industrial Light Manufacturing
  • Light Industrial Light Distribution
Building Class C
Lot Size 0.75 AC
Rentable Building Area 15,750 SF
Number of Floors 1
Year Built 1957
Tenancy Single
Parking Ratio 2.67/1,000 SF

Amenities

  • Bio-Tech/ Lab Space

Utilities

  • Heating
Walk Score ®
Very Walkable (85)
Bike Score ®
Biker's Paradise (99)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 4275-032-008
  • 4275-032-010
Land Assessment
£415,028
Improvements Assessment
£557,273
Total Assessment
£972,301

zoning

Zoning Code LMSD
LMSD
  • Listing ID: 32411062

  • Date on Market: 10/07/2024

  • Last Updated:

  • Address: 1752-1756 Cloverfield Blvd, Santa Monica, CA 90404

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