INVESTMENT OPPORTUNITY Santa Monica Commercial Building For Sale 1620 MONTANA AVENUE, SANTA MONICA, CA 90401 PRESENTED BY: CHRISTINE DESCHAINE 310-887-6440 • [email protected]CalBRE #00905121 CLARE COLLINS 310-887-3520 • [email protected]CalBRE #02023110
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INVESTMENT OPPORTUNITYSanta Monica Commercial Building For Sale
INVESTMENT OPPORTUNITY: VACANT COMMERCIAL BUILDING IN SANTA MONICA 1620 MONTANA AVENUE., SANTA MONICA, CA 90403 • NEWLY RENOVATED FACADE • HIGH STREET RETAIL LOCATION
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
PROPERTY DATAAddress: 1620 Montana Ave., Santa Monica, CAAsking Price: Submit OfferAPN: 4281-001-002Product Type: Office/RetailConstruction Type: MasonryNumber of Stories: 1Year Built/Renovated: 1965Zoning: SMC2RBA (SF): 2,736Site Area Usable (SF): 4,792Coverage (RBA / Land): 57%Parking Stalls: 7Parking Ratio: 1.49 per 1,000 SF
LOCATION
1620 MONTANA AVENUEA rare opportunity to acquire a signature freestanding building with dedicated on-site parking and signage. The facade on this high profile corner property has been recently renovated.
Join the eclectic mix of 150+ distinctive shops and cafes along iconic Montana Avenue in Santa Monica. One of the most dynamic retail destinations on the Westside of Los Angeles and home to many distinguished retail, restaurant, and beauty brands as well as financial institutions and medical practitioners.
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INVESTMENT OPPORTUNITY: VACANT COMMERCIAL BUILDING IN SANTA MONICA 1620 MONTANA AVENUE., SANTA MONICA, CA 90403 • NEWLY RENOVATED FACADE • HIGH STREET RETAIL LOCATION
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
• Rare opportunity in one of Santa Monica’s most sought after neighborhoods
• Property newly renovated with open storefront and upgraded facade
• 7 private, designated parking spaces
• Premier building signage opportunity
• Montana Avenue is home to local and national brands, catering to high-net worth locals
• Paseo corner on Montana Ave. between 16th and 17th Street
• Just blocks from the Pacific Ocean
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Executive Summary
INVESTMENT OPPORTUNITY: VACANT COMMERCIAL BUILDING IN SANTA MONICA 1620 MONTANA AVENUE., SANTA MONICA, CA 90403 • NEWLY RENOVATED FACADE • HIGH STREET RETAIL LOCATION
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
INVESTMENT OPPORTUNITY: VACANT COMMERCIAL BUILDING IN SANTA MONICA 1620 MONTANA AVENUE., SANTA MONICA, CA 90403 • NEWLY RENOVATED FACADE • HIGH STREET RETAIL LOCATION
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
INVESTMENT OPPORTUNITY: VACANT COMMERCIAL BUILDING IN SANTA MONICA 1620 MONTANA AVENUE., SANTA MONICA, CA 90403 • NEWLY RENOVATED FACADE • HIGH STREET RETAIL LOCATION
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
INVESTMENT OPPORTUNITY: VACANT COMMERCIAL BUILDING IN SANTA MONICA 1620 MONTANA AVENUE., SANTA MONICA, CA 90403 • NEWLY RENOVATED FACADE • HIGH STREET RETAIL LOCATION
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
Property Address 1620 Montana Av. 729 Montana Av. 1030 Montana Av. 909 Montana Av. 1140 Abbot Kinney 1503 Abbot Kinney 1522 Abbot Kinney 1308 Abbot Kinney 2905 Main St.
City Santa Monica Santa Monica Santa Monica Santa Monica Santa Monica Venice Venice Venice Santa Monica
Seller Elliot Megdal Assoc. Rubin & Assoc. Hjalmar Erickson Trust Shelley A Powell David Hertz Daniel Gottlieb Michael Pardee AHM Properties LLC Ira Levin
Buyer TBD Richard Gottlieb Frank Bardi Jeff Appel Blatteis & Schnur Cheryl A Calhoun 232 Grand Blvd LLC MMR RE AK LLC Jessica Dabney
Sale Comparables
INVESTMENT OPPORTUNITY: VACANT COMMERCIAL BUILDING IN SANTA MONICA 1620 MONTANA AVENUE., SANTA MONICA, CA 90403 • NEWLY RENOVATED FACADE • HIGH STREET RETAIL LOCATION
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
Term 5 years 5 years 5 years N/A 10 years 5 years 3 years
Lease Comparables
INVESTMENT OPPORTUNITY: VACANT COMMERCIAL BUILDING IN SANTA MONICA 1620 MONTANA AVENUE., SANTA MONICA, CA 90403 • NEWLY RENOVATED FACADE • HIGH STREET RETAIL LOCATION
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.