NET LEASED RETAIL AT THE VENICE PIER
Coldwell Banker Commercial, NRT and Jack Gross Properties, Inc.
are proud to present this rare opportunity to purchase a net leased
retail building in the unique 1st block of Washington Blvd near
the Venice Beach Pier. The building has historically been used as
a restaurant and now a retail store leased to a local family since
1997. It is currently configured as an open showroom with storage
and restrooms toward the rear and a flight of stairs leading to
the open rooftop deck area above.
Approximately 1,560 square foot building on an approximately 1,889
square foot lot (per public records).
ZONING: LAC4. Please
verify with City.
$1,650,000. Buyer agrees to cooperate with Seller in a 1031 tax
Property is currently leased through April 2013. Lease rate is $52,800
per year, triple net and increased annually.
The property is the second parcel West of Pacific Ave. on the North
side of Washington Blvd.
North across Washington Blvd.
view from rooftop deck area.
building from Alley.
herein is believed to be correct but is not warranted. Buyer is
strongly encouraged to verify the accuracy of all material information
contained within to its satisfaction.