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27089130
29091348

70-72 Windward Ave, Venice, CA 90291

TK
CA 01778384
Northmarq - LA
BL
CA 1458927
Northmarq - LA
Listed by Northmarq - LA
$4,250,000
13 days on market
Updated 13 days ago

70-72 Windward Ave

Details
Property Type Mixed Use, Office (+1)
Sub Type Creative Office, QSR/Fast Food (+1)
Square Footage 3,500
Cap Rate 3.75%
NOI $159,494
Occupancy 100%
Brand/Tenant Lavender and Truffles, Maple Outdoor Advertising, Inc.
Pro-Forma Cap Rate 12.94%
Pro-Forma NOI $550,000
Price per SqFt $1,214
Year Built 2007
Zoning C2-1-CA
Investment Type Value Add
Ownership Fee Simple

Mixed Use | 3.75% CAP | 3,500 SqFt

Marketing description

Northmarq is pleased to exclusively offer the opportunity to acquire 70-72 Windward Ave. (the “Property” or “Offering”). The ±3,500 sq. ft. building presents a rare opportunity to acquire a high-profile, mixed-use asset in one of Los Angeles’ most vibrant coastal neighborhoods. Featuring Ground Floor retail, Event space and residential on the upper floors and a private rooftop deck across three floors, the property offers versatile space suitable for a variety of tenants or an owner-occupier. Ideally located in the heart of Venice, directly under the world-renowned Venice sign, drawing 1.2 million visitors annually, the property benefits from strong foot traffic.

Currently master-leased to an owner-user who specializes in outdoor advertising, the property provides immediate income while offering flexibility for a range of buyer strategies. Both the lessee and his sublessee tenant have less than two years remaining on their leases, creating opportunities for a future owner/user or investor to reposition the asset. The property also offers façade advertising, generating significant revenue.

Investment highlights

  • Prime Location with High Foot Traffic and Unparalleled Visibility

  • Opportunity for Growth

  • Additional Income Opportunity

Listing Contacts

TK
CA 01778384
Northmarq - LA
BL
CA 1458927
Northmarq - LA
Listed by Northmarq - LA

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$159,494.00
$13,291.17/mo

Valuation Metrics

0
DSCR
3.75%
Cap Rate
3.75%
ROI

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Additional Information

Name
Tim Kuruzar
License
01778384
Name
Bryan Ley
License
1458927
Brokerage
Northmarq
Brokerage Phone
(424) 401-9500
Title
Managing Director
Brokerage Address
10960 Wilshire Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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