JLL has been exclusively retained by Ownership to offer the opportunity to acquire 3032 Wilshire Blvd (the “Property”), a newly re-developed
mixed-use property totaling +/- 12,083 square-feet, with an additional 851sf balcony-patio, located in Santa Monica, CA. The property features
modern architecture, high ceilings and abundant on-site parking, ideal for retail or creative office use. The surrounding neighborhood is
densely populated and highly affluent; three-mile population is over 260,000 and average household incomes exceed $150,000. The building
sits prominently on the primary transportation corridor that bridges the west-side coastal community of Santa Monica with Brentwood and
Westwood. At 40% occupancy, the Property offers significant upside to investors via future lease-up. Home to a wealthy millennial population,
the Wilshire corridor is lined with health & wellness-based tenants including fitness studios, healthy restaurants, medspas, and more. Modern
architecture makes the building appealing to a variety of users. Owner-users will find value in the ability to occupy contiguous second floor suites
with multiple access points, vertical transportation options, and a balcony overlooking the streetscape.
DESIRABLE SANTA MONICA LOCATION:
The Property’s location along the Wilshire Corridor
makes it easily accessible from several highly affluent
markets including Santa Monica, Brentwood, Beverly
Hills, and Westwood. Located on one of the most
trafficked thoroughfares in Los Angeles, 3032 Wilshire
benefits from unbeatable visibility.