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15460 - 15508 S Western Avenue - Tozai Plaza, Gardena, CA

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15460 - 15508 S Western Avenue - Tozai Plaza

Gardena, CA 90249-4325 - Hawthorne/Gardena Submarket


Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:1987
Building Size:39,344 SF Land Area:3.23 AC (140,699 SF)
Smallest Space:830 SF Largest Space:4,500 SF Total Space Avail:9,994 SF Rent/SF/Yr:
$22.20 - $39.00
Parking:282 Surface spaces are available; Ratio of 7.17/1,000 SF
Features:Balcony, Bus Line, Dedicated Turn Lane, Pylon Sign, Signage, Signalized Intersection


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
4,500 SF
$39.00/SF/Yr
Vacant
1-10 yrs
Retail
 2nd
1,032 SF
$22.20/SF/Yr
Vacant
1-10 yrs
Office
 2nd
1,008 SF
$22.20/SF/Yr
Vacant
2-5 yrs
Office
 2nd
1,032 SF
$22.20/SF/Yr
30 Days
1-10 yrs
Office
 2nd
1,592 SF
$22.20/SF/Yr
30 Days
1-10 yrs
Office
 2nd
830 SF
$22.20/SF/Yr
30 Days
1-10 yrs
Office
 
10768061
4606271
8277397
6610667
5681806
6745743


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
4,500 SF
$39.00/SF/Yr
Vacant
1-10 yrs
Retail
2nd
1,032 SF
$22.20/SF/Yr
Vacant
1-10 yrs
Office
2nd
1,008 SF
$22.20/SF/Yr
Vacant
2-5 yrs
Office
2nd
1,032 SF
$22.20/SF/Yr
30 Days
1-10 yrs
Office
2nd
1,592 SF
$22.20/SF/Yr
30 Days
1-10 yrs
Office
2nd
830 SF
$22.20/SF/Yr
30 Days
1-10 yrs
Office
This Tozai Plaza has convenient access to the 91, 105, 110 and 405 freeways. The plaza is anchored by Marie Calendars restaurant.

Sale Notes:
Description
* Pride of Ownership Asset Opportunity to acquire a 39,349 SF, multi-tenant retail center in the mature, densely populated city of Gardena, CA

* Below Market Rents Overall contract rents in the center average $2.72 PSF/MN, well below the estimated average market rent of $3.07 PSF/MN

* Strong Historical Tenant Occupancy Nearly ½ of all the in-place tenants have occupied the property +10 years, proving the viability of this retail location and the tenants' commitment to the property

* Trade Area Conscious Tenancy Existing tenant mix of regional and local operators appeal to the surrounding demographics
* Convenient Southern California Location Property enjoys a centralized, Southern California location with ease of access to and from major thoroughfares including, I-405, I-105, I-110 and SR-91 freeways

* Dense, Infill Trade Area More than 770,100 people in a 5-mile radius with an Average Household Income exceeding $72,600


The Abbey Company
Eamonn Pardini
(562) 435-2100



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