Santa Monica, a popular resort town in Los Angeles County, California, offers a diverse range of Specialty Properties for sale, making it an attractive investment opportunity. With a population of around 93,000 residents, Santa Monica's economy is driven by the hospitality industry, entertainment, technology, and music, with major companies like Hulu, Activision Blizzard, and Universal Music Group headquartered in the city. Specialty Properties in Santa Monica can represent a variety of investments, including retail, office, and industrial spaces, each offering unique benefits and opportunities. The city's infrastructure, including UCLA Medical Center, Santa Monica and Saint John's Health Center, and the Santa Monica Police Department, ensures a high quality of life for residents and businesses alike. Additionally, Santa Monica's location, with its 3-mile coastline along Santa Monica Bay and proximity to Los Angeles, makes it an ideal place to invest in a Specialty Property. The city's attractions, such as the Santa Monica Pier, Palisades Park, and the Third Street Promenade, also contribute to its appeal as a great place for business and travel.
Santa Monica's Specialty Properties, with 3 listings available, offer a range of options for investors. The average price per square foot is $1,348 USD, and the average size is 7,969 square feet, with the largest property spanning 15,408 square feet. The average cap rate is. In addition to Specialty Properties, Santa Monica also offers Shopping Centers, with their own unique benefits and opportunities. Land properties are also available, providing a blank canvas for development. Office Properties, such as those in the Downtown District, offer a professional and convenient location. Warehouses, like those near the Santa Monica Airport, provide ample storage and shipping opportunities. With its diverse economy, rich history, and attractive location, Santa Monica is an excellent place to invest in a Specialty Property or explore other property types.
What financing options are available for specialty property purchases?
When it comes to financing specialty property purchases in Santa Monica, there are various options available to investors. For instance, commercial real estate loans (CRE loans), as explained in our article at CRE loans, can provide the necessary capital to acquire unique properties, such as those with 3 available listings, averaging $1,348 USD per square foot, and ranging in size from 7,969 square feet to 15,408 square feet, with an average cap rate of.
