FOR SALE
1452 26th Street, Santa Monica CA 90404
Medical Use / Offices / Investment / 5.27 Cap Rate / Development Site
UNDER NO CIRCUMSTANCES ARE THE TENANTS TO BE DISTURBED. ALL BUYERS AND BROKERS ARE REQUIRED TO BE ACCOMPANIED ON THE PROPERTY BY THE LISTING BROKERS.
Muselli Commercial Realtors, as exclusive adviser to the Seller, is pleased to present an opportunity to acquire a 2,874 SF Medical or Psychotherapy building. It is ideally suited for psychiatrists, psychotherapists, physical therapists, and chiropractors. This is your chance to own property in Santa Monica, one of California’s premier coastal markets. Within a 2-mile radius, this location is dense with homeowners, employees, hospitals, students, seniors, and tourists. Walker's Paradise with a Walk Score of 91 and a Bike Score of 79.
Price / Building / Lot Size
$2,950,000.00
Approximately 2,874 SF. Buyer is advised to verify the size.
Approximately 7,000 SF. Buyer is advised to verify the size.
Santa Monica
Economics
Gross Income - $230,010.36
Expenses - $74,497.30
Net Income - $155,513.06 (includes property tax based upon $2,950,000)
Cap Rate - 5.27%
Highlights
The 13 offices are all improved and designed for individual practitioners. Each office has individual climate control, state-of-the-art soundproofing (double studded walls with resilient channel, drop-down threshold, etc.), and a natural gas fireplace. There are four separate waiting rooms. Each tenant is provided with one parking space on site and there is ample street parking. Most offices have separate egress. There are 3 bathrooms.
Prime location with easy access to the 10 Freeway, West Los Angeles, Brentwood Pacific Palisades, Venice. Marina Del Rey & more.
Sale Deal Points
Proof of funds is required.
All Cash with no loan contingency.
30-day escrow total including a 15-day due diligence period
Buyer to cooperate in Seller’s 1031 Exchange.
2% Commission to the Broker representing the Buyer