Santa Monica Retail Investment
For Sale
$28,175,000
1427 4th St Santa, Santa Monica, CA 90401
Single tenant West Elm property in prime Santa Monica location.
Property Size24,705 SF
Lot Size0.38 Acres
Price / SF$1,140
Days on Market206
Property Features for 1427 4th St Santa
General Information
Standard status
Active
Size
24,705 SF
Lot size
0.38 Acres
Property subtype
Retail
Listing Agency:
Newmark | Las Vegas
(213) 298-3593
Listed By:
Bill Bauman · License #CA RE Lic. #00969493
Source:
Nmrk
Added: Jan 27
Changed: Aug 21
Last Checked: Aug 21 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Las Vegas
Investment Insights
Based on property information with market context.
Located in the coastal community of Santa Monica, this property features 24,705 square feet of improvements on a 0.38-acre parcel. The property fronts 4th Street, situated between Santa Monica Boulevard and Broadway, within the heart of Santa Monica’s commercial and pedestrian district. This area includes the 3rd Street Promenade and Santa Monica Place. The property is currently occupied by West Elm, under a 12-year lease expiring in 2031, with 3% annual increases. West Elm is a wholly-owned subsidiary of Williams-Sonoma, Inc (NYSE:WSM). The West Elm lease is fully guaranteed by Williams-Sonoma, Inc. The surrounding area has a dense consumer base and daytime population. The demographic profile within a 3-mile radius includes 168,946 people with an average household income exceeding $184,000, and within a 5-mile radius, there are over 407,200 people with an average household income exceeding $180,500.
Key Highlights
- High‑credit, single‑tenant NNN lease guaranteed by Williams‑Sonoma, Inc. (NYSE:WSM), providing ultimate security and stability.
- Core Santa Monica location within the heart of the commercial and pedestrian‑friendly district, near the 3rd Street Promenade and Santa Monica Place.
- 12‑year lease with West Elm expiring in 2031, featuring 3% annual rent increases, hedging against inflation.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,032
Businesses Nearby
455k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Apparel 31%
Shops & Services 14%
Superstores 9%
Target
Superstores
38,703 visits/mo
0.2 miles
T.J. Maxx
Apparel
31,827 visits/mo
0.1 miles
Hillstone
Dining
26,824 visits/mo
0.3 miles
Nordstrom
Apparel
25,648 visits/mo
0.3 miles
Trader Joe's
Groceries
23,003 visits/mo
0.2 miles
Demographics for 90401, CA
8,167
Population
5,782
Households
1.4
Avg Household Size
39
Median Age
76%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
10,209
Density / Sq Mi
$106,704
Median Household Income
$98,906
Median Earnings
$2,549
Median Rent
$1,129,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Single tenant West Elm property in prime Santa Monica location.
Where is this retail property located?
The property is located at 1427 4th St Santa Santa Monica, CA.
What is the asking price?
The asking price for this property is $28,175,000.
What are key features of this property?
This property features: High‑credit, single‑tenant NNN lease guaranteed by Williams‑Sonoma, Inc. (NYSE:WSM), providing ultimate security and stability.; Core Santa Monica location within the heart of the commercial and pedestrian‑friendly district, near the 3rd Street Promenade and Santa Monica Place.; 12‑year lease with West Elm expiring in 2031, featuring 3% annual rent increases, hedging against inflation.
