co-star property reports...last sale: portfolio of 2 properties in santa monica, ca sold on mar 21,...

Co-Star Property Reports

3/6/2020

1602 11th StSanta Monica, CA 90404 - Santa Monica Submarket

Property Summary Report

BUILDINGType: Retail

Subtype: Auto Dealership

Tenancy: Multiple

GLA: 18,231 SF

Floors: 1

Typical Floor: 18,231 SF

Docks: None

Construction: Reinforced Concrete

EXPENSES PER SFTaxes: $5.23 (2011)

PARCEL

4283-002-002, 4292-002-023

KEY TENANTSLexus Santa Monica Service & Parts 1,000 SF

AMENITIES

Pylon Sign, Signalized Intersection

LEASINGAvailable Spaces: No Spaces Currently Available

TRAFFIC & FRONTAGE

Made with TrafficMetrix® Products

Traffic Volume: 10,288 on 11th St & Colorado Ave (2018)

66,457 on Lincoln Blvd & Taft Way (2018)

Frontage: 409' on 11th St

404' on colorado Ave

TRANSPORTATIONParking: 22 free Surface Spaces are available; Ratio of 1.21/1,000 SF

Airport: 17 minute drive to Los Angeles International Airport

Walk Score ®: Very Walkable (87)

Transit Score ®: Excellent Transit (76)

Copyrighted report licensed to City of Santa Monica - 661893.Santa Monica Vacant Retail - 6+ Mos

3/6/2020



MARKET CONDITIONS

Vacancy Rates Current YOY

Current Building 0.0% 0.0%

Submarket 1-3 Star 5.3% 0.5%

Market Overall 4.8% 0.3%

NNN Asking Rents Per SF Current YOY

Submarket 1-3 Star $5.62 1.1%

Market Overall $2.79 1.5%

Submarket Leasing Activity Current YOY

12 Mo. Leased SF 235,869 6.5%

Months On Market 6.8 0.5 mo

Submarket Sales Activity Current YOY

12 Mo. Sales Volume (Mil.) $136.6 15.9%

12 Mo. Price Per SF $830 3.0%


3/6/2020


Lease Availability Report

BUILDINGType: Retail

Subtype: Auto Dealership

Tenancy: Multiple

GLA: 18,231 SF

Floors: 1


Docks: None

AVAILABILITYNo Spaces Available


AMENITIES

Pylon Sign, Signalized Intersection

KEY TENANTSLexus Santa Monica Service & Parts 1,000 SF

TRAFFIC & FRONTAGE

Made with TrafficMetrix® Products

Traffic Volume: 10,288 on 11th St & Colorado Ave (2018)

66,457 on Lincoln Blvd & Taft Way (2018)

Frontage: 409' on 11th St

404' on colorado Ave






3/4/2020

1733 Ocean AveSanta Monica, CA 90401 - Santa Monica Submarket


BUILDINGType: Class A Office

Tenancy: Multiple

Year Built: 2002

RBA: 98,268 SF

Floors: 4



LANDLand Area: 0.66 AC

Zoning: CA, Santa Monica

Parcel 4290-015-033



TRANSPORTATIONParking: 272 Covered Spaces are available; Ratio of 3.50/1,000 SF




KEY TENANTSJimmy's Famous 5,000 SF Long Canyon Customer Svc 4,950 SF

Bank of the West 3,000 SF

PROPERTY CONTACTSTrue Owner: Maguire Investments True Owner: Terra Capital Partners LLC

Recorded Owner: Maguire Investments Recorded Owner: Terra Ocean Ave LLC

Developer: MPG Office Trust, Inc. Architect: Moore Ruble Yudell


3/4/2020



MARKET CONDITIONS



Submarket 2-4 Star 8.1% -1.0%


Gross Asking Rents Per SF Current YOY




12 Mo. Leased SF 1,415,776 3.1%






3/4/2020



BUILDINGType: Class A Office

Tenancy: Multiple

Year Built: 2002

RBA: 98,268 SF

Floors: 4




TRANSPORTATIONParking: 272 Covered Spaces are available; Ratio of 3.50/1,000 SF




KEY TENANTSJimmy's Famous 5,000 SF Long Canyon Customer Svc 4,950 SF

Bank of the West 3,000 SF


3/4/2020

1757 Stanford StSanta Monica, CA 90404 - Westside Ind Submarket


BUILDINGType: Class C Flex

Tenancy: Single

Year Built: 1955

RBA: 47,249 SF

Floors: 2



Zoning: SMM2YY

Parcel 4268-009-016


LOADINGDocks: 2 ext Drive Ins: 11 tot.

LEASINGAvailable Spaces: 8,249 - 47,249 SF Available in 2 Spaces

Availability: 100% Available; 0% Vacant

AVAILABLE SPACES

Floor Use Type SF Avail Flr Contig Bldg Contig Rent Occupancy Term

E 1st Flex Sublet 39,000 39,000 47,249 Withheld 30 Days Thru Apr 2021

E 2nd Flex Sublet 8,249 8,249 47,249 Withheld 30 Days Thru Apr 2021

TRANSPORTATIONParking: 78 Surface Spaces @ $125.00/mo; Ratio of 1.65/1,000 SF



Transit Score ®: Good Transit (64)

KEY TENANTSKoi 47,249 SF

PROPERTY CONTACTSRecorded Owner: Stanford & Nebraska Properties Ltd


3/4/2020



MARKET CONDITIONS





Asking Rents Per SF Current YOY




12 Mo. Leased SF 785,326 4.9%






3/4/2020




Tenancy: Single

Year Built: 1955

RBA: 47,249 SF

Floors: 2


AVAILABILITYMin Divisble: 8,249 SFMax Contig: 47,249 SFTotal Available: 47,249 SFAsking Rent: Withheld


SPACES

Floor Use Type SF Avail Flr Contig Bldg Contig Rent Occupancy Term

E 1st Flex Sublet 39,000 39,000 47,249 Withheld 30 Days Thru Apr 2021

E 2nd Flex Sublet 8,249 8,249 47,249 Withheld 30 Days Thru Apr 2021

LOADINGDocks: 2 ext Drive Ins: 11 tot.


Zoning: SMM2YY

Parcel 4268-009-016

TRANSPORTATIONParking: 78 Surface Spaces @ $125.00/mo; Ratio of 1.65/1,000 SF




KEY TENANTSKoi 47,249 SF


3/4/2020

1818 Cloverfield Blvd - MarblexSanta Monica, CA 90404 - Westside Ind Submarket


BUILDINGType: Class C Industrial

Subtype: Warehouse

Tenancy: Single

Year Built: 1969

RBA: 1,338 SF

Floors: 1


Ceiling Ht: 13'


Zoning: M1, Santa Monica


PARCEL

4275-033-033, 4275-033-035, 4275-033-036

LOADINGDrive Ins: 2 tot. Rail Spots: None


SALELast Sale: Sold on Feb 5, 2002 for $650,000 ($485.80/SF)

TRANSPORTATIONParking: 10 Surface Spaces are available; Ratio of 7.47/1,000 SF


KEY TENANTSStone Limited International 1,338 SF

PROPERTY CONTACTSTrue Owner: Hassan Hamed Seklawi et al Recorded Owner: Hassan Hamed Seklawi et al


3/4/2020



MARKET CONDITIONS









12 Mo. Leased SF 785,326 4.9%






3/4/2020




Subtype: Warehouse

Tenancy: Single

Year Built: 1969

RBA: 1,338 SF

Floors: 1


Ceiling Ht: 13'



SALELast Sale: Sold on Feb 5, 2002 for $650,000 ($485.80/SF)

LOADINGDrive Ins: 2 tot. Rail Spots: None


Zoning: M1, Santa Monica

PARCEL

4275-033-033, 4275-033-035, 4275-033-036

TRANSPORTATIONParking: 10 Surface Spaces are available; Ratio of 7.47/1,000 SF


KEY TENANTSStone Limited International 1,338 SF


3/4/2020

3402 Pico Blvd - 3402 PicoSanta Monica, CA 90405 - Santa Monica Submarket


BUILDINGType: Class B Office

Tenancy: Multiple

Year Built: 1969; Renov 1995

RBA: 50,687 SF

Floors: 3




Zoning: SMC2

Parcel 4270-010-089


AMENITIES

Air Conditioning, Atrium, Security System, Signage

LEASINGAvailable Spaces: 6,800 SF Available in 1 Space

Availability: 13.4% Available; 13.4% Vacant

AVAILABLE SPACES

Floor Suite Use Type SF Avail Flr Contig Bldg Contig Rent Occupancy Term

E GRND 100 Office Sublet 6,800 6,800 6,800 Withheld Vacant Thru Nov 2028

SALELast Sale: Portfolio of 2 Properties in Santa Monica, CA Sold on Mar 21, 2017 for $35,000,000

TRANSPORTATIONParking: 23 Covered Spaces are available; 111 Surface Spaces are available; Ratio of 3.55/1,000 SF




PROPERTY CONTACTSTrue Owner: Cypress Creek Renewables Recorded Owner: BKNM, LLC

Prior True Owner: Trammell Crow Company


3/4/2020



MARKET CONDITIONS









12 Mo. Leased SF 1,415,776 3.1%






3/4/2020




Tenancy: Multiple


RBA: 50,687 SF

Floors: 3


AVAILABILITYMin Divisble: 6,800 SFMax Contig: 6,800 SFTotal Available: 6,800 SFAsking Rent: Withheld


SPACES


E GRND 100 Office Sublet 6,800 6,800 6,800 Withheld Vacant Thru Nov 2028

SALELast Sale: Portfolio of 2 Properties in Santa Monica, CA Sold on Mar 21, 2017 for $35,000,000

AMENITIES

Air Conditioning, Atrium, Security System, Signage

TRANSPORTATIONParking: 23 Covered Spaces are available; 111 Surface Spaces are available; Ratio of 3.55/1,000 SF





3/4/2020

3420 Ocean Park Blvd - SMBPSanta Monica, CA 90405 - Santa Monica Submarket



Tenancy: Multiple

Year Built: 1978

RBA: 112,335 SF

Floors: 3


Core Factor: 18%


Zoning: M2

Parcel 4272-029-015


Opex: $12.81 (2007)

AMENITIES

Banking, Conferencing Facility, Fitness Center, Food Service, Property Manager on Site, Restaurant, Security System


SALELast Sale: Portfolio of 21 Properties in Santa Monica, CA Sold on Jul 27, 2018 for $627,500,000 ($528.07/SF)

TRANSPORTATIONParking: Surface Spaces @ $150.00/mo; Reserved Spaces @ $225.00/mo; Ratio of 5.00/1,000 SF


Walk Score ®: Somewhat Walkable (63)


KEY TENANTSTreyarch Corporation 52,284 SF RED 17,504 SF

Activision Publishing, Inc. 12,480 SF Sierra Investment Management 3,500 SF

Ocean Park Asset Management Inc 1,200 SF QRMS LLC 1,000 SF


3/4/2020



PROPERTY CONTACTSTrue Owner: Boston Properties, Inc. True Owner: Canada Pension Plan Investment Board

Recorded Owner: SMBP LLC Prior True Owner: EQ Office Management, LLC

Property Manager: Equity Office Management, LLC Developer: Transpacific Development Company

Architect: Nadel Architecture | Planning

MARKET CONDITIONS









12 Mo. Leased SF 1,415,776 3.1%






3/4/2020




Tenancy: Multiple

Year Built: 1978

RBA: 112,335 SF

Floors: 3


Core Factor: 18%



Opex: $12.81 (2007)

SALELast Sale: Portfolio of 21 Properties in Santa Monica, CA Sold on Jul 27, 2018 for $627,500,000 ($528.07/SF)

AMENITIES

Banking, Conferencing Facility, Fitness Center, Food Service, Property Manager on Site, Restaurant, Security System

TRANSPORTATIONParking: Surface Spaces @ $150.00/mo; Reserved Spaces @ $225.00/mo; Ratio of 5.00/1,000 SF


Walk Score ®: Somewhat Walkable (63)


KEY TENANTSTreyarch Corporation 52,284 SF RED 17,504 SF

Activision Publishing, Inc. 12,480 SF Sierra Investment Management 3,500 SF

Ocean Park Asset Management Inc 1,200 SF QRMS LLC 1,000 SF


3/9/2020

1634 20th StSanta Monica, CA 90404 - Westside Ind Submarket



Subtype: Warehouse

Year Built: 1925

RBA: 6,000 SF


Zoning: SMLMSD*

Parcel 4275-025-002



TRANSPORTATIONAirport: 18 minute drive to Los Angeles International Airport

PROPERTY CONTACTSRecorded Owner: Durgerian J & A Living Trust

MARKET CONDITIONS









12 Mo. Leased SF 785,326 4.9%






3/9/2020




Subtype: Warehouse

Year Built: 1925

RBA: 6,000 SF




Zoning: SMLMSD*

Parcel 4275-025-002

TRANSPORTATIONAirport: 18 minute drive to Los Angeles International Airport


3/9/2020




Subtype: Service

Tenancy: Single

Year Built: 1958

RBA: 6,055 SF

Floors: 1


Construction: Metal


Zoning: M1

Parcel 4283-004-010


LOADINGDocks: None Drive Ins: 3 tot./8'w x 12'h

Cross Docks: None Cranes: None

Rail Spots: None


SALELast Sale: Portfolio of 3 Industrial Properties in Santa Monica, CA Sold on Apr 13, 2017 for $10,500,000 ($761.97/SF)



PROPERTY CONTACTSTrue Owner: Tatiana Botton Recorded Owner: 1639 9th Street LLC

Prior True Owner: Valeta J. Rothaus Living Trust April 12, 2006


3/9/2020



MARKET CONDITIONS









12 Mo. Leased SF 785,326 4.9%






3/9/2020




Subtype: Service

Tenancy: Single

Year Built: 1958

RBA: 6,055 SF

Floors: 1




SALELast Sale: Portfolio of 3 Industrial Properties in Santa Monica, CA Sold on Apr 13, 2017 for $10,500,000 ($761.97/SF)



Rail Spots: None


Zoning: M1

Parcel 4283-004-010




3/9/2020

1810 Colorado AveSanta Monica, CA 90404 - Westside Ind Submarket



Subtype: Warehouse

Tenancy: Single

Year Built: 1958

RBA: 9,211 SF

Floors: 1


Construction: Masonry


Zoning: M2YY

Parcel 4275-022-016




Rail Spots: None




KEY TENANTSBourget Flagstone Co 9,211 SF

PROPERTY CONTACTSTrue Owner: Bourget Bros Building Material Recorded Owner: Samo Natives LLC


3/9/2020



MARKET CONDITIONS









12 Mo. Leased SF 785,326 4.9%






3/9/2020




Subtype: Warehouse

Tenancy: Single

Year Built: 1958

RBA: 9,211 SF

Floors: 1






Rail Spots: None


Zoning: M2YY

Parcel 4275-022-016



KEY TENANTSBourget Flagstone Co 9,211 SF


3/9/2020

2320-2322 Michigan AveSanta Monica, CA 90404 - Santa Monica Submarket


BUILDINGType: Class C Office

Tenancy: Multiple

Year Built: 1947

RBA: 8,482 SF

Floors: 2




Zoning: M1

Parcel 4268-015-016



SALELast Sale: Sold on Apr 4, 2012 for $2,400,000 ($282.95/SF)




KEY TENANTSUltra-Vision Inc 2,000 SF

PROPERTY CONTACTSTrue Owner: Samuel & Paulette Kardashian Prior True Owner: Chris Ruud

Property Manager: Chris Ruud


3/9/2020



MARKET CONDITIONS









12 Mo. Leased SF 1,415,776 3.1%






3/9/2020



BUILDINGType: Class C Office

Tenancy: Multiple

Year Built: 1947

RBA: 8,482 SF

Floors: 2




SALELast Sale: Sold on Apr 4, 2012 for $2,400,000 ($282.95/SF)




KEY TENANTSUltra-Vision Inc 2,000 SF


3/9/2020

2842-2912 Colorado AveSanta Monica, CA 90404 - Westside Ind Submarket



Tenancy: Multiple


RBA: 79,008 SF

Floors: 2




Zoning: M1


PARCEL

4268-002-003, 4268-002-009, 4268-002-011, 4268-002-012, 4268-002-013


Cross Docks: None

LEASINGAvailable Spaces: 560 - 5,525 SF Available in 10 Spaces


AVAILABLE SPACES


P 1st 2912-103Office Direct 1,435 1,435 1,435 $4.65/MG Vacant 3 - 5 Yrs

P 1st 2844 Office Direct 980 980 980 $4.65/MG Vacant 3 - 5 Yrs

P 1st 2902 B Office Direct 2,200 2,200 2,200 $4.65/MG Vacant 3 - 5 Yrs

P 1st 2904 Office Direct 1,488 1,488 1,488 $4.65/MG Vacant 3 - 5 Yrs

P 1st 2912-101Off/Ret Direct 2,000 2,000 2,000 $4.65/MG Vacant 3 - 5 Yrs


P 1st 2856 Industrial Sublet 1,750 1,750 1,750 $3.75/MG Vacant Thru Sep 2020

P 2nd 2912-201Office Direct 2,125 5,525 5,525 $3.25/MG Vacant 3 - 5 Yrs




3/9/2020



TRANSPORTATIONParking: Surface Spaces @ $150.00/mo




KEY TENANTSTeam Liquid 7,550 SF The Roberts Companies 6,175 SF

Hello Sunshine 4,720 SF Super League Gaming 3,890 SF

Sidebench 3,475 SF Struck Capitol 3,104 SF

PROPERTY CONTACTSTrue Owner: The Roberts Companies Recorded Owner: The Roberts Companies

Property Manager: The Roberts Companies

MARKET CONDITIONS






Current Building $4.10 2.9%




12 Mo. Leased SF 785,326 4.9%






3/9/2020




Tenancy: Multiple


RBA: 79,008 SF

Floors: 2


AVAILABILITYMin Divisble: 560 SFMax Contig: 5,525 SFTotal Available: 15,938 SFAsking Rent: $$3.25 - $4.65/MG


SPACES


P 1st 2912-103Office Direct 1,435 1,435 1,435 $4.65/MG Vacant 3 - 5 Yrs


P 1st 2902 B Office Direct 2,200 2,200 2,200 $4.65/MG Vacant 3 - 5 Yrs

P 1st 2904 Office Direct 1,488 1,488 1,488 $4.65/MG Vacant 3 - 5 Yrs

P 1st 2912-101Off/Ret Direct 2,000 2,000 2,000 $4.65/MG Vacant 3 - 5 Yrs


P 1st 2856 Industrial Sublet 1,750 1,750 1,750 $3.75/MG Vacant Thru Sep 2020





Cross Docks: None


Zoning: M1

PARCEL

4268-002-003, 4268-002-009, 4268-002-011, 4268-002-012, 4268-002-013


3/9/2020



TRANSPORTATIONParking: Surface Spaces @ $150.00/mo




KEY TENANTSTeam Liquid 7,550 SF The Roberts Companies 6,175 SF

Hello Sunshine 4,720 SF Super League Gaming 3,890 SF

Sidebench 3,475 SF Struck Capitol 3,104 SF


3/9/2020

3025 W Olympic Blvd - NMS Olympic StudiosSanta Monica, CA 90404 - Westside Ind Submarket



Subtype: R&D

Tenancy: Multiple


RBA: 37,840 SF

Floors: 1



Zoning: M2

Parcel 4268-010-014


LOADINGDocks: None Cross Docks: None

POWER & UTILITIESPower: Yes

LEASINGAvailable Spaces: 2,733 SF Available in 1 Space


AVAILABLE SPACES


P 1st 300 Office Direct 2,733 2,733 2,733 $3.00/MG Vacant 1 Year

SALELast Sale: Sold on Mar 31, 2004 for $6,957,800 ($183.87/SF)

TRANSPORTATIONParking: 1 Surface Space @ $200.00/mo; Ratio of 2.00/1,000 SF





3/9/2020



KEY TENANTSBondi Harvest Cafe 6,024 SF Eserts Studio 5,000 SF

The Maestro Foundation 4,264 SF Endless Noise 3,000 SF

Friedman Group 3,000 SF TOMS 2,733 SF

PROPERTY CONTACTSTrue Owner: NMS Properties Recorded Owner: Nebraska Studios Llc

Recorded Owner: 3025 OB Multifamily, LLC

MARKET CONDITIONS






Current Building $3.00 0.0%




12 Mo. Leased SF 785,326 4.9%






3/9/2020




Subtype: R&D

Tenancy: Multiple


RBA: 37,840 SF

Floors: 1


AVAILABILITYMin Divisble: 2,733 SFMax Contig: 2,733 SFTotal Available: 2,733 SFAsking Rent: $3.00/MG


SPACES


P 1st 300 Office Direct 2,733 2,733 2,733 $3.00/MG Vacant 1 Year

SALELast Sale: Sold on Mar 31, 2004 for $6,957,800 ($183.87/SF)

LOADINGDocks: None Cross Docks: None

POWER & UTILITIESPower: Yes


Zoning: M2

Parcel 4268-010-014

TRANSPORTATIONParking: 1 Surface Space @ $200.00/mo; Ratio of 2.00/1,000 SF





3/9/2020



KEY TENANTSBondi Harvest Cafe 6,024 SF Eserts Studio 5,000 SF

The Maestro Foundation 4,264 SF Endless Noise 3,000 SF

Friedman Group 3,000 SF TOMS 2,733 SF


co-star property reports...last sale: portfolio of 2 properties in santa monica, ca sold on mar 21,...

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