The Kensington Building 2314-2316 Lincoln Blvd 13,342 SF Retail Building Santa Monica, CA 90405 £8,591,289 (£643.93/SF) 4.64% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Highly Sought After Exposed Truss Ceilings
- Original Exposed Brick
- Lots of Natural Light
EXECUTIVE SUMMARY
Investment or Owner User Opportunity. The Cap Rate is assuming an achieved rental rate of $2.95/SF + NNN.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
13,342 SF
Building Class
C
Year Built
1953
Price
£8,591,289
Price Per SF
£643.93
Net Initial Yield
4.64%
NOI
£398,636
Tenancy
Multiple
Number of Floors
1
Building FAR
0.96
Lot Size
0.32 AC
Zoning
SMC4*
Frontage
AMENITIES
- Security System
- Signage
- Signalised Junction
- Roof Lights
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Lashify
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Lashify | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
14’ to 15’5” Ceiling Heights. Nearly columnless space. High ceilings and oversized skylights, for bright interiors. Located on busy Lincoln Blvd, near walkable amenities in Downtown, Santa Monica. Original exposed brick exterior. Highly visible facade with opportunities for signage. Sprinklered.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,000 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4289-001-007 | Improvements Assessment | £414,789 |
| Land Assessment | £3,007,252 | Total Assessment | £3,422,041 |
