For Sale
For Sale
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Year Built
1923
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Overview
Brand new 10 Year NNN Investment in Santa Monica
Corporate Guarantee from Citibank – the 3rd Largest Bank in the US (NYSE: “C” | S&P “A” Rating | $210B Net Worth)
Strong 3% Annual Rent Increases starting Year 4: Excellent Inflation Hedge
Fee Simple Ownership including Improvements: Allows for Depreciation which enhances after-tax cash flow
Delivered Free & Clear of Debt: Ability to Buy All-Cash or Obtain Financing
Property Details
Brand new 10 Year NNN Investment in Santa Monica
Corporate Guarantee from Citibank – the 3rd Largest Bank in the US (NYSE: “C” | S&P “A” Rating | $210B Net Worth)
Strong 3% Annual Rent Increases starting Year 4: Excellent Inflation Hedge
Fee Simple Ownership including Improvements: Allows for Depreciation which enhances after-tax cash flow
Delivered Free & Clear of Debt: Ability to Buy All-Cash or Obtain Financing
- Property TypeRetail
- Submarket
- Year Built1923
- Total Building Size2,200RSF
- Number of Floors1
- Number of Buildings1
- Property ID1290492