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170 Pier Ave
Santa Monica, CA 90405 Ocean Park

$9,275,000 USD

Storefront For Sale  •  4,939 SF

Property Details

• Property Type Storefront
• Total Building Size 4,939 SF
• Lot Size 0.31 AC
• Building Class B
• Year Built 1956
• Cap Rate 4.75 %
• Tenancy Single
• Zoning SMCM4*

60 Transit Score

90 Walk Score

Highlights

Single-Tenant Wells Fargo Bank; Over 6 Years Remaining with One 5-Year Option at Fair Market; Investment-Grade Credit (S&P: BBB+)

Corporate Guaranty; Long-Term Historical Occupancy; Tenant Since 2007

NNN Lease; Ease of Management; 2026 Planned Renovation; Tenant Investment Into Exterior and Interior Upgrades

Rare Parking Lot Included with Approximately 22 Spaces; Approx. 1/3 Acre Parcel Allows for Future Development Potential

Positioned Along Santa Monica's Largest North/South Coastal Thoroughfare: Neilson Way, Ocean Avenue and Pacific Avenue

Prime Santa Monica Location Less Than 1 Block from the Beach

Cap Rate:

4.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Wells Fargo Bank

Amenities

• Bus Line
• Signalized Intersection

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	16 min	-	7.7 mi
Bob Hope	37 min	-	24.2 mi
Long Beach (Daugherty Field)	38 min	-	27.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	22
Type:	Surface
Included in Rent:	Yes