1212 Third Street Promenade, Santa Monica, CA 90401

FOR SALE

ASKING PRICE:

$15,000,000

SIZE:

Ground Floor - Approx. 7,500 SF

Second Floor - Approx. 5,000 SF        

Approx. 12,500 Total SF

LEASE TERM:

5 Years

TRIPLE NETS:

Approx. $1.00 per SF

ELEVATOR:

YES

COMMENTS:

Based on the rent that can be attained, this is a 5 cap.

Perfect for an owner / user or as an investment.

FEATURES:

Type 47 Liquor License - Available for purchase

CUP Entertainment License

Ground Floor - Full Bar, Dining Area, Full-Service Kitchen, Stage, Sound System, 2 Handicap Bathrooms, Sprinkler System, TV’s, Large Projector Screen + Projector, and an Elevator.

Mezzanine - Full Bar, Dining Area, Sound System, Private Room / Event Space, Pool Tables, TV’s, and an Elevator.