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Vacant Building

13476 Washington Blvd

13476 Washington Blvd, Marina del Rey, CA 90292

Listing Price: $5,950,000

Number of Units
2
Gross SF
4,956
Price/Gross SF
$1,200.56

Investment Overview

The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale 13474-13476 Washington Boulevard, a 4,956 square foot vacant mixed-use retail and medical office building located on 13,316 square feet of land. The property is located on five parcels, two of which are in Culver City, three of which are in Marina Del Rey. The property features excellent ingress and egress, and is accessible from Washington Boulevard, Beach Avenue, and Del Rey Avenue. The building features 16 parking spaces, in an otherwise parking constrained submarket. The property has 78 feet of frontage along highly trafficked Washington Boulevard, which sees an average daily traffic count north of 26,000 vehicles per day, and features a rooftop sign which is approximately 60” by 118”. The subject property is also located two blocks east of the signalized intersection of Washington Boulevard and Lincoln Boulevard, which sees an average daily traffic count north of 66,500 vehicles per day. The subject property’s neighbors consist of leading-edge companies in technology, entertainment, retail, design and other creative industries. The location is such a thriving business epicenter that Costco and Costco Gasoline are directly across the street (the only one within a 9-mile radius). Consistently drawing in the highly educated, affluent residents of the larger outlying area, this enormously successful Costco is the retail anchor for superstar performers such as In-N-Out Burger, Starbucks, Dunkin’, Walgreens, and a newly-opened Chick-Fil-A, among other national and local retailers. Directly behind 13474-13476 Washington Boulevard is G8 by California Landmark Group, a recently completed, highly amenitized 230-unit development. Other nearby developments include the 585-unit AMLI Marina Del Rey, and the 526-unit Neptune Marina. Cedars-Sinai Marina del Rey Hospital is expected to break ground later this year on a new 9-story 200,000 SF hospital building, more than doubling in size. The hospital is on Lincoln Blvd, just south of subject property’s major intersection of Lincoln Blvd at Washington Blvd. 13474-13476 Washington Boulevard is an excellent owner-user or investment opportunity in the high-demand, high profile and elite submarkets of Marina Del Rey and Culver City, CA.

Investment Highlights

  • MIXED-USE RETAIL AND MEDICAL OFFICE PROPERTY WITH EXCELLENT FUNDAMENTALS
  • CENTRALLY LOCATED WITHIN THE MARINA DEL REY SUBMARKET
  • SURROUNDED BY SUBSTANTIAL DEVELOPMENT
  • DENSE AND AFFLUENT DEMOGRAPHICS

Exclusively Listed By

Listing Price: $5,950,000

Number of Units
2
Gross SF
4,956
Price/Gross SF
$1,200.56

Investment Highlights

  • MIXED-USE RETAIL AND MEDICAL OFFICE PROPERTY WITH EXCELLENT FUNDAMENTALS
  • CENTRALLY LOCATED WITHIN THE MARINA DEL REY SUBMARKET
  • SURROUNDED BY SUBSTANTIAL DEVELOPMENT
  • DENSE AND AFFLUENT DEMOGRAPHICS

Investment Overview

The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale 13474-13476 Washington Boulevard, a 4,956 square foot vacant mixed-use retail and medical office building located on 13,316 square feet of land. The property is located on five parcels, two of which are in Culver City, three of which are in Marina Del Rey. The property features excellent ingress and egress, and is accessible from Washington Boulevard, Beach Avenue, and Del Rey Avenue. The building features 16 parking spaces, in an otherwise parking constrained submarket. The property has 78 feet of frontage along highly trafficked Washington Boulevard, which sees an average daily traffic count north of 26,000 vehicles per day, and features a rooftop sign which is approximately 60” by 118”. The subject property is also located two blocks east of the signalized intersection of Washington Boulevard and Lincoln Boulevard, which sees an average daily traffic count north of 66,500 vehicles per day. The subject property’s neighbors consist of leading-edge companies in technology, entertainment, retail, design and other creative industries. The location is such a thriving business epicenter that Costco and Costco Gasoline are directly across the street (the only one within a 9-mile radius). Consistently drawing in the highly educated, affluent residents of the larger outlying area, this enormously successful Costco is the retail anchor for superstar performers such as In-N-Out Burger, Starbucks, Dunkin’, Walgreens, and a newly-opened Chick-Fil-A, among other national and local retailers. Directly behind 13474-13476 Washington Boulevard is G8 by California Landmark Group, a recently completed, highly amenitized 230-unit development. Other nearby developments include the 585-unit AMLI Marina Del Rey, and the 526-unit Neptune Marina. Cedars-Sinai Marina del Rey Hospital is expected to break ground later this year on a new 9-story 200,000 SF hospital building, more than doubling in size. The hospital is on Lincoln Blvd, just south of subject property’s major intersection of Lincoln Blvd at Washington Blvd. 13474-13476 Washington Boulevard is an excellent owner-user or investment opportunity in the high-demand, high profile and elite submarkets of Marina Del Rey and Culver City, CA.

Exclusively Listed By

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