Industrial Properties in Santa Monica, California, offer a unique investment opportunity for those looking to tap into the city's diverse economy. With a population of around 93,000 residents, Santa Monica is a popular resort town that hosts headquarters of notable companies like Hulu, Activision Blizzard, and Universal Music Group. Industrial Properties in Santa Monica can represent a range of investments, from warehouses and manufacturing facilities to research and development spaces. The city's strong infrastructure, including the Santa Monica Freeway, State Route 2, and Interstate 405, makes it an ideal location for businesses that require easy access to transportation routes. Additionally, Santa Monica's amenities, such as the Santa Monica Pier, Palisades Park, and the Third Street Promenade, make it an attractive location for businesses that want to offer their employees a high quality of life. The city's education system, which includes Santa Monica College and the Art Institute of California – Los Angeles, also provides a skilled workforce for businesses to draw from. Overall, Industrial Properties in Santa Monica offer a unique combination of location, infrastructure, and amenities that make them an attractive investment opportunity.
With 14 Industrial Properties for sale in Santa Monica, investors have a range of options to choose from. In addition to Industrial Properties, Santa Monica is also home to a range of other property types, including warehouses, such as those found in the Bergamot Station arts district, which offer a unique blend of creative and industrial space. Land is also available for development, providing opportunities for businesses to build custom facilities that meet their specific needs. Apartment Buildings, such as those found in the Downtown District, offer a range of housing options for employees, while Commercial Real Estate, like the offices on Montana Avenue, provide space for businesses to operate. Overall, Santa Monica's diverse range of property types makes it an attractive location for businesses of all types. With its strong economy, excellent infrastructure, and high quality of life, Santa Monica is an ideal location for businesses to invest in Industrial Properties and other types of real estate.
What is the average price per square foot for industrial properties in Santa Monica?
The average price per square foot for industrial properties in Santa Monica is $684 USD.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Santa Monica, as they directly impact the ease of doing business, accessibility, and overall desirability of a property.
- Proximity to major highways, such as the Santa Monica Freeway (Interstate 10) and State Route 2 (Santa Monica Boulevard), can increase property values due to the convenience and efficiency they provide for transportation and logistics.
- Access to public transportation options, including the Expo Line light rail and bus lines, can also boost property values by providing employees with alternative commuting options and reducing the need for parking.
- In addition, being situated near the Santa Monica Airport, which offers general aviation services, can be a valuable asset for industrial properties that require frequent air transportation or have international business connections.
