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1870 S Elena Avenue - OneWest Bank & Asaka Sushi Restaurant, Redondo Beach, CA

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1870 S Elena Avenue - OneWest Bank & Asaka Sushi Restaurant

Redondo Beach, CA 90277 - Beach Cities/Palos Verdes Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2009
Building Size:5,204 SF Land Area:.33 AC (14,427 SF)
For Sale Price:$3,425,000 Price/SF:$658.15
Cap Rate:6.67 %
Parking:21 Surface spaces are available; Ratio of 4.04/1,000 SF

Retail building built in 2009 with a bank and Japanese restaurant.

Sale Notes:
2-Tenant NNN Investment. One West Bank (Cit Group / NYSE:CIT): 72 Locations, $30 Billion in Deposits & $65 Billion in Assets, and Asaka Sushi & Grill: 3 locations in So. California. Ease of management. Pride of ownership. 100% leased. Annual 3% rent increases. Long term ground lease (Leasehold Interest) of 66 years remain. Tax Depreciation property. Rare On-Site Parking.
Coastal Redondo Beach Location within the Rivera Village. High Income Trade Area / Over $131,000 AHHI within 1- mile radius. Over 133,000 people w/in 3 miles. High Occupancy trade area and high barrier of entry

Faris Lee Investments
Jeff Conover
(949) 221-1810

Shaun D Riley
(949) 221-1807

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