Investment Overview

Marcus & Millichap is pleased to present a trophy, once in a lifetime opportunity in prime Marina Del Rey at 4140 Via Marina, directly in front of Mothers Beach centrally located within millions of square feet of Class A apartment and hotel developments. This is a Unique opportunity to purchase the leasehold interest from the lessee to potentially negotiate a long-term ground lease for future development; the current ground lease has been extended until May 31, 2027. If successful in the negotiation, a developer could have the opportunity to build a high-density hotel without needing a zone change; a height restriction of 225 feet allows for a sizeable project with 300 feet of frontage on Via Marina. The current subtenants occupying the property include The Cheesecake Factory, Foghorn Harbor Inn, and a liquor store; one additional space will be delivered vacant for an investor to further increase the income; current in-place minimum NOI of $743,400 annually. The subject property benefits from the existing prominent hotel synergy including major projects such as the Ritz Carlton Marina del Rey, Courtyard Marriott & Residence Inn Marina del Rey, Hilton Jamaica Bay and Hilton Garden Marina del Rey, among others. Property sits on a lot that sees year-round tourism in the middle of Silicon Beach with nearby employers like Google, YouTube, and Facebook/Meta among others. 4140 Via Marina is within walking distance to Venice Beach and has easy access to Lincoln Blvd and the 90 Freeway. Furthermore, it is less than six miles from LAX, attracting constant visitors due to the access to the beach and the rest of the westside.