Santa Monica, a popular resort town in Los Angeles County, California, offers a diverse economy and a range of attractions, making it an attractive location for shopping center investments. With a population of around 93,000 residents, Santa Monica provides a stable customer base for businesses. Shopping centers in Santa Monica can represent a variety of investments, from retail spaces to mixed-use developments, offering a range of opportunities for investors. The city's strong infrastructure, including UCLA Medical Center, Santa Monica and Saint John's Health Center, and the Santa Monica Police Department, ensures a safe and healthy environment for residents and visitors alike. Additionally, Santa Monica's location, with its 3-mile coastline along Santa Monica Bay, provides a unique setting for shopping centers, with amenities like Palisades Park and Tongva Park nearby. The city's strong sports presence, including the Santa Monica Track Club and Southern California Aquatics, also attracts visitors and locals alike. Overall, Santa Monica's desirable location, diverse economy, and strong infrastructure make it an attractive place for business and travel, with attractions like the Santa Monica Pier, Third Street Promenade, and Main Street drawing visitors from around the world.
With 1 shopping centers for sale in Santa Monica, investors have a range of options to choose from. Santa Monica's shopping centers offer an average price per square foot of $826 USD and an average size of 8,292 square feet, with the largest property spanning 8,292 square feet. The average cap rate for shopping centers in Santa Monica is. In addition to shopping centers, Santa Monica also offers other property types, such as restaurants, with their unique dining experiences, specialty properties, like the Santa Monica Looff Hippodrome, a National Historic Landmark, and land, with its potential for development. Office properties, like those found in the Downtown District, offer a range of options for businesses. Overall, Santa Monica's diverse range of property types and strong economy make it an attractive location for investors.
What is the average cap rate for shopping centers in Santa Monica?
The average cap rate for shopping centers in Santa Monica is , making it an attractive investment opportunity for those looking to capitalize on the city's strong economy and desirable location.
