SOLD - June 2022
The Marina Connection
503 Washington, Venice 90291
Building Size- Approximately 9,837 square feet.
Lot Size- Approximately 19,093 square feet.
Price- Call for information.
Cap Rate- +/- 4.25%.
Year Built- 1987.
Location- Situated on the northeast signalized corner of Washington Blvd. and Ocean Ave. and is nestled between the affluent Beach City communities of Marina Del Rey and Venice.
Description- We are pleased to announce an opportunity to purchase The Marina Connection, a Silicon Beach pride of ownership shopping center. The property occupies an entire City block with almost 200 feet of frontage on Washington Boulevard.
The Shopping Center consists of nine well seasoned triple net tenants, six of which are restaurants, all with multiple years remaining on their leases, high annual increases and fair market value extension options.