• Broker Elliot Schwartz 8183123120 x 7982

The Kensington Building 2314-2316 Lincoln Blvd 13,342 SF Retail Building Santa Monica, CA 90405 £8,596,395 (£644.31/SF) 4.64% Net Initial Yield

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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.

ATTACHMENTS

2314-2316 Lincoln Blvd_Sale Setup (1)

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
13,342 SF
Building Class
C
Year Built
1953
Price
£8,596,395
Price Per SF
£644.31
Net Initial Yield
4.64%
NOI
£398,873
Tenancy
Multiple
Number of Floors
1
Building FAR
0.96
Lot Size
0.32 AC
Zoning
SMC4*
Frontage
145 ft on Lincoln

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
  • 1st Floor
  • 6,000 SF
  • Retail
  • In-Line
  • Now

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

Starbucks
9round Fitness
Blue Bottle Coffee
CrossFit
Jinya Ramen Bar
Peet's Coffee
Gelson's Market
Bank of Montreal
Del Frisco's Grille
Fogo de Chão

PROPERTY TAXES

Parcel Number 4289-001-007 Improvements Assessment £415,036
Land Assessment £3,009,040 Total Assessment £3,424,075

MAP

ADDITIONAL PHOTOS

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