2028-2030 Montana Avenue

  • For Sale $5,100,000
  • Santa Monica, CA 90403
  • Specialty - Food Market | ±4,000 SF

Description

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 2028-2030 Montana Avenue in Santa Monica. 2028-2030 Montana Avenue is located in the upscale Montana Shopping District of Santa Monica. 2028-2030 Montana Avenue is situated on two parcels comprising of a single-tenant one-story commercial building approximately 4,000-square feet and a parking lot. The total land size is approximately 8,000-square feet. There are approximately eight (8) parking spaces in the parking lot. The property is zoned residential with a CUP which permits the use of the property as a market (no expiration date).

The tenant is a market called The Farms. The current lease expires November 4, 2028. The monthly triple net (NNN) rent is currently about $14,063 with CPI adjustments each July 1.

Located along Montana Avenue, 2028-2030 Montana Avenue is walking distance to an abundance of high-end retailers, restaurants, and businesses all of which are part of the popular shopping destination known as the “Montana Avenue Shopping District” in the affluent Wilshire Montana neighborhood. 2028-2030 Montana Avenue is also a short 4-block walk to Wilshire Boulevard and minutes from Santa Monica’s bustling tourism industry, including Santa Monica Beach, Santa Monica Pier and Third Street Promenade.

2028-2030 Montana Avenue offers buyers ease of management and stable cash flow along a highly coveted street in one of the most sought after markets in the world.

Details

  • Offer For Sale
  • Property Type Specialty - Food Market
  • Building Size 4,000 SF
  • Land Size 8,000 SF
  • Zoning SMR2* with CUP permitting market use
  • Year Built 1925
  • Parking ±8 spaces

Highlights

  • Stable Cash Flow
  • Long Term Tenancy
  • Ease of Management
  • Location Upside
  • High Demand, Low Supply

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Address

2028-2030 Montana Avenue
Santa Monica, CA 90403
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Neighborhood Santa Monica