Newmark is pleased to present the opportunity to acquire Marine Plaza, a 19,671-square-foot office and medical building located along the highly trafficked Sepulveda Boulevard (aka Pacific Coast Highway) in Manhattan Beach, California, one of the most sought after beach communities in Los Angeles County. The building is 100% leased to 3 tenants - UCLA Health, Reliance Escrow, and Vista Sotheby’s International Realty, providing an investor with in-place income and potential for an owner/user to occupy the entire 2nd floor.

Marine Plaza’s prestigious location at the main arterial streets of Sepulveda Boulevard and Marine Avenue offers valuable signage and branding opportunities. The ingress and egress of the property is accessible via 2 entrances and a signalized turning lane for northbound access. 73 total parking spaces are available in the building’s gated subterranean garage and visitor parking area. In addition, the property is 4 miles to LAX International Airport. This accessibility makes it convenient for both for employees and visitors.

Manhattan Beach is known for its stunning beaches, upscale neighborhoods, excellent schools, and year-round mild temps. This premier beach community offers an outstanding quality of life with a very strong economy and a vibrant social scene. In terms of demographics, Manhattan Beach boasts a high percentage of residents holding college degrees with the median household income significantly higher than the national average and the median age around 42 years old, making it an attractive market for businesses targeting high-end clientele. This well-educated population contributes to a skilled workforce and a strong consumer base. The average home sale in the area surrounding Marine Plaza is approximately $3 to $4 million, and upwards to the most expensive residential listing in 2023 of $37,000,000, attracting high net worth professionals, celebrities, and sports stars.