Overview
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.
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
- 80% of the 90 active Westside requirements are below 50,000 SF, and small-tenant leasing (4,000–15,000 SF) has fully recovered to pre-Covid levels.
SCARCE DEVELOPMENT LAND
- The adjacent 1620 & 1630 site offers an infill development opportunity.
Photo Gallery
Sales Team
License #: 02173278
(312) 636-2147Jeffrey.Bramson@jll.comLicense #: 01319640
(310) 498-8498Andrew.Harper@jll.com