Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present qualified investors with the opportunity to acquire a 100% fee simple interest in 1620–1650 Euclid Street (collectively, the “Properties”) — three buildings on a single Santa Monica block that, together, offer a rare degree of investment optionality. The Properties comprise 1650 Euclid, a 56,623-RSF Class A creative-office building, and the adjacent 1620 & 1630 Euclid, a 0.61-acre potential development site.

Investors are invited to submit an offer for all or any of the parts of the offering: the three buildings individually or in any combination. 1650 Euclid: 56,623 RSF (57,213 as-leased), ~11% occupied, 4.0-year WALT, a 2024 Class A lease-up play. 1630 Euclid: 8,879 RSF, 100% leased to two media tenants, stabilized in-place cash flow. 1620 Euclid: 10,171 RSF, fully vacant, a value add repositioning. Together, 1620 and 1630 can also be viewed as a .61 acre potential development site.

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Attributes

Building area net

6,225 sm

Year built

2024

Media

Investment highlights

THREE BUILDINGS PROVIDE OPTIONALITY

Acquire the entire block, the 1650 office building, or the 1620 & 1630 development site — a flexibility rarely available on a single Santa Monica block.

25% OF SANTA MONICA’S TIER 1

1650 Euclid is a Tier 1 lifestyle-office (2015+) building. Only about3% of Santa Monica’s office stock qualifies as Tier 1, and 1650 Euclid alone accounts for roughly 25% of that Tier 1 inventory.

POSITIONED FOR FLIGHT-TO-QUALITY

Tier 1 assets are expected to outperform Tier 2 in occupancy gains over the next five years, as tenant demand continues to concentrate in new vintage product amid a slowdown in new deliveries.

BUILT FOR THE TENANTS THAT DRIVE THE MARKET