Sanjo Investments

Commercial Brokerage and Property Management

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FOR SALE OR LEASE

Commercial Owner/User Opportunity in the heart of Marina del Rey Arts' District
Suitable as a Television, Photographic, Architect, Engineer or Designer's Studio

Location:
4030 Del Rey Avenue,
Marina del Rey, CA 90292

Listing price: $3,495,000
AS-IS Condition
Availability: 12/31/2017

Zoning:
LA CM(GM)—(Light Manufacturing)
Glencoe/ Maxella Specific Plan

The property has a working elevator to access all three levels. Offices and bathrooms are located under the mezzanine, together with a reception area.

Lease Offer

The property is available for lease at a rate of $3.00 NNN on a monthly basis. The owner would consider granting an option to buy. Seller to vacate premises by December 31st 2017.

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Property Description

The property is located on the corner of Del Rey Avenue and Beach Avenue in Marina del Rey. One block east of Lincoln and half a block south of Washington Blvd., in the midst of high-end new condo and apartment developments. This elevator-served, two-story building has a 1,170 sq. ft. mezzanine which could be used as living quarters, and a 700-sq.ft. office/storage space adjacent on the parking lot, on the first floor. The property is within walking distance to shopping centers, cinemas, gas stations, banks and most major amenities. Access is provided by the 90 Freeway, which connects with the 405 Freeway.

Communication Antenna: Roof cell site has a relocation clause—term remaining is approximately 4+ years with one (1) five-year option, no rent to new owner.

Area Description

Built in 1969, Marina del Rey has become an eclectic destination on the west side of Los Angeles. Numerous luxury multifamily developments, hotels and a vibrant high-end retail mix are attracting a host of independent professionals and business owners to the area.

The Marina del Rey Arts District, where the property is located, is being developed as a Luxury Condominium Residential Area.

Adjacent to Venice and Playa del Rey, and a short distance from Santa Monica and Culver City, Marina del Rey is at the center of the best that the west side of Los Angeles has to offer.

Business space is at a premium and hard to come by. Its inventory is shrinking as more new developments are entering the planning phase.

Driving time to LAX is under 10 minutes.

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Old construction photos show the solid construction of the building. The first floor is steal-framed.




Contact:

Ernie A. Farhat
e-mail: farhat@sanjoinvestments.com
Office: 310-645-8700
Office Fax: 310-645-4540

Alejandro Szita
e-mail: aszita@sanjoinvestments.com
Direct: 858-531-7967
Office: 310-645-8700
Office Fax: 310-645-4540