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Wells Fargo | Santa Monica, CA 170 Pier Ave 4,939 SF Retail Building Santa Monica, CA 90405 $12,837,527 CAD ($2,599.22 CAD/SF) 4.75% Cap Rate

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Investment Highlights

Single-Tenant Wells Fargo Bank; Over 6 Years Remaining with One 5-Year Option at Fair Market; Investment-Grade Credit (S&P: BBB+)
NNN Lease; Ease of Management; 2026 Planned Renovation; Tenant Investment Into Exterior and Interior Upgrades
Positioned Along Santa Monica's Largest North/South Coastal Thoroughfare: Neilson Way, Ocean Avenue and Pacific Avenue

Corporate Guaranty; Long-Term Historical Occupancy; Tenant Since 2007
Rare Parking Lot Included with Approximately 22 Spaces; Approx. 1/3 Acre Parcel Allows for Future Development Potential
Prime Santa Monica Location Less Than 1 Block from the Beach

Executive Summary

Single-Tenant Wells Fargo Bank | Over 6 Years Remaining with One 5-Year Option at Fair Market | Tenant Since 2007

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

4,939 SF

Building Class

Year Built

1956

Price

$12,837,527 CAD

Price Per SF

$2,599.22 CAD

Cap Rate

4.75%

NOI

$609,783 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.37

Lot Size

0.31 AC

Zoning

SMCM4*

Parking

22 Spaces (4.45 Spaces per 1,000 SF Leased)

Frontage

63’ on Pier Ave

Bus Line

Signalized Intersection

Major Tenants

Finance and Insurance
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Wells Fargo & Company est une société de services financiers communautaires diversifiée avec plus de 1,9 billion de dollars d'actifs. La vision de Wells Fargo est de satisfaire les besoins financiers de ses clients et de les aider à réussir financièrement. Fondée en 1852 et ayant son siège social à San Francisco, Wells Fargo offre des produits et services bancaires, d'investissement et hypothécaires, ainsi que des services de financement à la consommation et commerciale, dans plus de 8 050 emplacements, 13 000 guichets automatiques automatiques, Internet (wellsfargo.com) et services bancaires mobiles, et possède des bureaux dans plusieurs pays. les territoires pour soutenir les clients qui font des affaires dans l'économie mondiale.