Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2000
Building Area Gross
Land Area Gross ()
Rentable Area
Occupancy 40.0 %
Call for Offers

Property description

JLL has been exclusively retained by Ownership to offer the opportunity to acquire 3032 Wilshire Blvd (the “Property”), a newly re-developed

mixed-use property totaling +/- 12,083 square-feet, with an additional 851sf balcony-patio, located in Santa Monica, CA. The property features

modern architecture, high ceilings and abundant on-site parking, ideal for retail or creative office use. The surrounding neighborhood is

densely populated and highly affluent; three-mile population is over 260,000 and average household incomes exceed $150,000. The building

sits prominently on the primary transportation corridor that bridges the west-side coastal community of Santa Monica with Brentwood and

Westwood. At 40% occupancy, the Property offers significant upside to investors via future lease-up. Home to a wealthy millennial population,

the Wilshire corridor is lined with health & wellness-based tenants including fitness studios, healthy restaurants, medspas, and more. Modern

architecture makes the building appealing to a variety of users. Owner-users will find value in the ability to occupy contiguous second floor suites

with multiple access points, vertical transportation options, and a balcony overlooking the streetscape.

Investment highlights

DESIRABLE SANTA MONICA LOCATION:

The Property’s location along the Wilshire Corridor

makes it easily accessible from several highly affluent

markets including Santa Monica, Brentwood, Beverly

Hills, and Westwood. Located on one of the most

trafficked thoroughfares in Los Angeles, 3032 Wilshire

benefits from unbeatable visibility.

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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