• $7,700,000

    Asking Price

  • Bev

    Tenant(s)

  • 100%

    Occupancy

  • 9.49 Years

    WALT

  • Office

    Property Type

  • 4,109

    Square Feet

$7,700,000

Asking Price

Bev

Tenant(s)

100%

Occupancy

9.49 Years

WALT

Office

Property Type

4,109

Square Feet

Offering Summary

Address

  • 70-72 Windward Ave
    Venice, CA 90291

Pricing

  • Asking Price$7,700,000
  • Price PSF$1,874
  • WALT9.49 Years
  • Cap Rate4.74%
  • NOI$364,921

Details

  • Property TypeOffice
  • Property StatusOn Market
  • Square Feet4,109
  • Occupancy100%
  • Year Built2007
  • Building ClassB
  • Building(s)1
  • Stories2
  • Acres0.05
  • ZoningC2-1-CA
  • APN4226-009-021
  • TenancySingle
  • Tenant(s)Bev

Address

  • 70-72 Windward Ave
    Venice, CA 90291

Pricing

  • Asking Price$7,700,000
  • Price PSF$1,874
  • WALT9.49 Years
  • Cap Rate4.74%
  • NOI$364,921

Details

  • Property TypeOffice
  • Property StatusOn Market
  • Square Feet4,109
  • Occupancy100%
  • Year Built2007
  • Building ClassB
  • Building(s)1
  • Stories2
  • Acres0.05
  • ZoningC2-1-CA
  • APN4226-009-021
  • TenancySingle
  • Tenant(s)Bev
Read Less...

Newmark is pleased to present 70-72 Windward Ave is a 4,109 SF office building located in Venice, California.

Situated steps away from the world-famous Venice Beach, the Property benefits from an irreplaceable location at the iconic intersection of Windward and Pacific Avenue.

The Property is 100% leased by the Alixir Company (“Bev”), which recently signed a new 10-year lease with one FMV option to extend their commitment to the Property.

Bev, is a female-founded beverage company that offers multiple options of California canned wines. The company was founded in 2017, and as of 2021, it already supplies drinks to 2,097 retail stores across the United States. The Property is the corporate headquarters of Bev.

Investors are presented with the opportunity to acquire one of the most ideally located assets in the Venice submarket while receiving 9.49 years of remaining lease term from a NNN-leased tenant that has demonstrated robust growth.

Read More...

Description

Newmark is pleased to present 70-72 Windward Ave is a 4,109 SF office building located in Venice, California.

Situated steps away from the world-famous Venice Beach, the Property benefits from an irreplaceable location at the iconic intersection of Windward and Pacific Avenue.

The Property is 100% leased by the Alixir Company (“Bev”), which recently signed a new 10-year lease with one FMV option to extend their commitment to the Property.

Bev, is a female-founded beverage company that offers multiple options of California canned wines. The company was founded in 2017, and as of 2021, it already supplies drinks to 2,097 retail stores across the United States. The Property is the corporate headquarters of Bev.

Investors are presented with the opportunity to acquire one of the most ideally located assets in the Venice submarket while receiving 9.49 years of remaining lease term from a NNN-leased tenant that has demonstrated robust growth.

Deal Team

Portrait of Sean Fulp

Sean Fulp

Executive Managing Director

CA RE Lic. #01389064

Portrait of Ryan Plummer

Ryan Plummer

Managing Director

CA RE Lic. #01765854

Portrait of Mark Schuessler

Mark Schuessler

Managing Director

CA RE Lic. #02033871

Portrait of Matt Berres

Matt Berres

Executive Managing Director | Net Lease Capital Markets

CA RE Lic. #01977909