70 & 72 Windward 70-72 Windward Ave
Venice, CA 90291

70 & 72 Windward
  • $7,700,000

    Asking Price

  • Office

    Property Type

  • 4,109

    Square Feet

  • 100%

    Occupancy

  • 9.49 Years

    WALT

  • 4.74%

    Cap Rate

Offering Summary

Offers Due 9/29/2021

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
  • Listing StatusOffers Due 9/29/2021
  • Square Feet4,109
  • Occupancy100%
  • Year Built2007
  • Building(s)1
  • Stories2
  • Acres0.05
  • ZoningC2-1-CA
  • APN4226-009-021
  • TenancySingle

Address

  • 70-72 Windward Ave
    CA 90291

Pricing

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

Details

  • Property TypeOffice
  • Listing StatusOffers Due 9/29/2021
  • Square Feet4,109
  • Occupancy100%
  • Year Built2007
  • Building(s)1
  • Stories2
  • Acres0.05
  • ZoningC2-1-CA
  • APN4226-009-021
  • TenancySingle

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

Sean Fulp

Sean Fulp

Executive Managing Director

310-407-6596 sean.fulp@nmrk.com

CA RE Lic. #01389064

Ryan Plummer

Ryan Plummer

Managing Director

310-407-6570 ryan.plummer@nmrk.com

CA RE Lic. #01765854

Mark Schuessler

Mark Schuessler

Managing Director

310-201-2075 mark.schuessler@nmrk.com

CA RE Lic. #02033871

Matt Berres

Matt Berres

Executive Managing Director

949-608-2066 matt.berres@nmrk.com

CA RE Lic. #01977909