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Home Finance Global Mutual Lists 21,500 SQFT Triple-Net Retail Asset on Santa Monica’s 3rd Street Promenade for $26.88MM
FinanceIndustry NewsLos AngelesRetail

Global Mutual Lists 21,500 SQFT Triple-Net Retail Asset on Santa Monica’s 3rd Street Promenade for $26.88MM

April 22, 20263 Mins read759
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Santa Monica beach with downtown in the background
Photo by Cédric Dhaenens on Unsplash
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Three-tenant property anchored by Dodgers Clubhouse, Patagonia, and Wilson Sporting Goods trades at a 6.5 percent cap rate with assumable Morgan Stanley financing A three-tenant retail property at 1343-1349 3rd Street Promenade in Santa Monica has come to market with an asking price of $26.88 million, representing a year-one cap rate of 6.5 percent. CBRE's […]

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