Overview

Description

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 3205 Ocean Park Boulevard, Santa Monica, CA, 90405, a well-situated multi-tenant office building located at the corner of Ocean Park Boulevard and 32nd Street ideally suited for an owner-user, investor, or developer.

3205 Ocean Park Boulevard is a two-story, garden-style commercial office building with approximately 16,706 square feet of rentable area on two (2) parcels totaling approximately 25,622 square feet of land. The property boasts thirteen (13) office suites, an open-air courtyard, and an excellent surface parking lot striped for fiftytwo (52) parking spaces. The building has an occupancy rate of 58% with most tenant leases being month-tomonth. One month-to-month tenant can be terminated within 90-day cancellation notice, and another 120- day cancellation notice. One tenant lease can be terminated on 12/31/2024

The property’s location is along Ocean Park Boulevard, one of Santa Monica’s major East-to-West boulevards and business corridors. It sits directly across the street from the Santa Monica Business Park, home to highprofile technology and entertainment company Snap Inc.’s headquarters and retailers, including 24 Hour Fitness, Bank of America, Wells Fargo, and El Torito. The area is part of Silicon Beach, where renowned technology giants like Google, Facebook, Microsoft, Amazon, and YouTube have all decided to establish their presence in this thriving area. The property also offers quick access to the 10 Freeway and 405 Freeway and is surrounded by walkable amenities, including cafes, restaurants, and abundant nearby housing.

3205 Ocean Park Boulevard presents an excellent owner-user opportunity due to its potential for long-term stability, increased control over operational costs, and the ability to customize the space to suit specific business needs or for a potential investor or developer looking to gain a foothold in the Santa Monica market.

Documents

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