Offers Due 9/29/2021
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.