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Montana @ Lincoln Crossing 728-734 Montana Ave 8,412 SF 100% Leased Retail Building Santa Monica, CA 90403 $15,296,381 CAD ($1,818.40 CAD/SF)
Investment Highlights
- High visibility at signalized Montana-Lincoln intersection
- Walking distance to outstanding shopping, dining, fitness and hospitality amenities
- Unbeatable location blocks from popular tourist hot spots - Santa Monica Beach, Santa Monica Pier, Third Street Promenade, and Palisades Park
- Ample parking in rear lot (27 spaces)
- Easily accessible by public transportation
- Meticulously maintained property
Executive Summary
-Stable, Increasing Cash Flow - Annual increases built into the retail leases provide a consistently growing cash flow.
Opportunity to bill back utilities to tenants.
-Location Upside - Benefits from Santa Monica’s booming tourism economy and Silicon Beach market drivers,
including influx of employees and demand for housing, making Santa Monica an exclusive place to live and work.
-High Demand, Low Supply - Supply and demand imbalance in Santa Monica leaves a lack of quality real estate options
for buyers.
Opportunity to bill back utilities to tenants.
-Location Upside - Benefits from Santa Monica’s booming tourism economy and Silicon Beach market drivers,
including influx of employees and demand for housing, making Santa Monica an exclusive place to live and work.
-High Demand, Low Supply - Supply and demand imbalance in Santa Monica leaves a lack of quality real estate options
for buyers.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,412 SF
Building Class
B
Year Built
1999
Price
$15,296,381 CAD
Price Per SF
$1,818.40 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.62
Lot Size
0.31 AC
Zoning
SMNC
Parking
27 Spaces (3.21 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Balcony
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $431,900 CAD | |
| Land Assessment | $446,915 CAD | Total Assessment | $878,815 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$446,915 CAD
Improvements Assessment
$431,900 CAD
Total Assessment
$878,815 CAD
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Montana @ Lincoln Crossing | 728-734 Montana Ave
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