Professional Office Building - Santa Monica || Buy Commercial Property in Santa Monica, California

701 Santa Monica Blvd

Santa Monica, CA 90401

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$18,850,000

18,450 SF

0.34 acres

1 buildings

Built in 1983

Contact Agents

Contact the Listing Agents

Ray Turchi
Senior Managing Director Investments
[email protected]

(407) 557-3847 (office)

(321) 297-6576 (mobile)

David Vaughan
First Vice President Investments
[email protected]

(407) 557-3829 (office)

(407) 718-2874 (mobile)

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Property Documents

Investment Highlights

•Generational Real Estate Located in the Heart of Downtown Santa Monica

•Zoning Allows Medical Use

•Strong Income at 75% Occupancy

•A Few Blocks From 3rd Street Promenade and the Beach

•Medical Testing Office Income With Annual Increases

•Cell Towers Income With 2% & 3% Annual Increases

•54 Parking Spaces With 6 Additional Tandem Spaces

•Corner Location With Visibility From SM Blvd/ 7th St and SM Blvd/ Lincoln Intersection for Possible Signage

•Seismic Retrofitting was Completed in 2020 and Approved by the City of Santa Monica in 2020

•Great Demos: Five-Mile Population = 419,973 | Average Household Income = $140,436

West LA BOR: Tony Solomon | License#: 01238010

Key Metrics

Price/ SF $1022.00

Listing Agents:

Ray Turchi

(407) 557-3847

(407) 557-3829