1600 Olympic Boulevard | FOR SALE

SOLD

Investment Opportunity | Building Size: 5,100 SF | Lot Size: 7,510 SF | Parking: 12 - (6) Tandem

Price: $3,750,000

Property Description

This investment opportunity in Santa Monica, CA, stands out due to its prime location at 1709 16th St - 1600 Olympic Blvd. It is situated in the Media District known as Silicon Breach, with famous tenants such as the Red Bull headquarters, JJ Abrams (Bad Robot), Goop, HBO Lionsgate and Oracle, further enhancing its appeal.

1709 16th Street, commonly referred to as 1600 Olympic Blvd, comprises 5,100 square feet of industrial-creative space on a 7,510 square foot corner lot of MUBL (mixed-use boulevard low) zoned land. This site features alley access to the rear parking area and a roll-up door.

The parking area accommodates 6 tandem parking spaces and an enclosed outdoor storage area. The interior creative space has an open clear span with a ceiling height of 12 to 16 feet, a small office, and three restrooms.

Tenant Lease

The property is leased to a creative tenant until 2027 at $15,200 per month, NNN with $400 per year annual increases. The lease extends until August 31, 2027