1232-1240 Third Street

1240 3rd St, Santa Monica, CA 90403, USA

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CIM acquired these four two-story buildings in the heart of the Third Street Promenade pedestrian mall in 1998. After an extensive renovation, the properties were leased to Old Navy and Sunset Grill.

CIM sold 1232- 1240 Third Street in 2007.



Investment Highlights
  • 28,000 square feet of retail space
  • Outdoor patio space for dining
CIM views urban investing as a discipline rather than a market niche or a trend.