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Shanna Naim And Nico Atherton Of Skyview Real Estate Partners Completes Retail Lease In Santa Monica

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LEASED
$1

California

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Retail16,700 SF
Leased 10/01/2024
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Property Image
LEASED

Shanna Naim And Nico Atherton Of Skyview Real Estate Partners Completes Retail Lease In Santa Monica

1541 Ocean Avenue

See Similar Deals
Retail16,700 SF
Leased 10/01/2024
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1
Total Square Footage:16,700 SF
Transaction Type:Lease

The asset involved in the transaction is a retail property located at 1541 Ocean Avenue in Santa Monica. The total square footage of the property is 16,700, making it suitable for various retail purposes. The property has been leased under a NNN lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1541 Ocean Avenue
  • Market: Santa Monica
  • Landlord: Isaac Simha - Bria Properties
  • Tenants: Fogo de Chao, Ghirardelli, Mon Ami
  • Brokers: Shanna Naim & Nico Atherton - Skyview Real Estate Partners
  • Lease Type: NNN Lease

Shanna Naim and Nico Atherton of Skyview Real Estate Partners represented both the Landlord and Tenants in the leasing process, which involved securing long-term NNN leases with the tenants. This deal successfully brought the property's retail spaces to 100% occupancy, indicating a complete leasing of the available retail area.

Players

Shanna Naim
33 deals$43.9M volume(310) 935-1401
BROKER

Nico Atherton
Skyview Real Estate Partners
12 deals$14.2M volume(323) 657-9581
BROKER

ENS Realty
BROKERAGE

Details

LEASED
IMAGE: Shanna Naim & Nico Atherton DATE: 10/01/2024 ADDRESS: 1541 Ocean Avenue MARKET: Santa Monica ASSET TYPE: Retail ~ SF: 16,700 LANDLORD: Isaac Simha - Bria Properties TENANT: Fogo de Chao, Ghirardelli & Mon Ami BROKERS: Shanna Naim (@Shannadoesrealestate) & Nico Atherton (@NicoAtherton_re) - Skyview Real Estate Partners LEASE TYPE: NNN Lease NOTE FROM BROKER: Shanna Naim and Nico Atherton of Skyview Real Estate Partners represented the Landlord and Tenants in re-tenanting and completing the retail leasing on 1541-1551 Ocean Avenue, an urban mixed use project in Santa Monica directly across the pier. Brokers signed long term NNN leases with Fogo de Chao, Ghirardelli, and Mon Ami bringing the property's retail to 100% occupancy. For any Landlord or Tenant representation in Southern CA, please contact Shanna Naim [email protected] and Nico Atherton [email protected].

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Deal Type
Effective Rent (Annual)

$19,144.68

Total Lease Value

$191,446.78

Net Landlord Cash Flow$19,144.68