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1930 Nadeau Street, Los Angeles, CA

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DetailMap
1930 Nadeau Street

Los Angeles, CA 90001-3500 - Mid-Cities Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:1990
Building Size:4,184 SF Land Area:.21 AC (8,965 SF)
% Leased:
For Sale Price:$875,000 Price/SF:$209.13
Cap Rate:6.31 %
Smallest Space:1,200 SF Largest Space:4,184 SF Total Space Avail:4,184 SF Rent/SF/Yr:
$18.00
Parking:11 Surface spaces are available; Ratio of 2.62/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,200 SF-4,184 SF
$18.00/SF/Yr
30 Days
Negotiable
Retail
 
10790772
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,200 SF-4,184 SF
$18.00/SF/Yr
30 Days
Negotiable
Retail

Sale Notes:
Brookfield Partners is pleased to present a newly constructed strip center in South Los Angeles. This property is a value added opportunity for an astute investor looking to reposition the asset. Approximately 48% of rentable square footage is on month-to-month (modified gross leases), which are well below market. An investor can retenant or reposition the building with credit tenants and implement triple net leases. If aggressively repositioned at $2.00 per square foot (plus NNN) for the 3 smaller units (661sf each), an investor could immediately capture over a 6 cap rate. The anchor laundry tenant is on a 5 year lease, at $.91 per square foot on a modified gross lease for 2,200 square feet. Converting this lease upon rollover to a triple lease will only further enhance cap rate as well.

Offering Memorandum with current and pro-forma numbers available upon request.
This strip center is situated on a hard corner location, just west of Alameda Street and nestled in the middle of the 110, 10, 710, and 105 freeways in South Los Angeles. More specifically between East Florence Avenue and Firestone Blvd, just west of South Gate, Walnut Park, and Huntington Park. Also, the property is just .5 miles away from Florence Blue Station.

Hudson Commercial Partners, Inc [Hudson Partners]
Jay Martinez
(818) 201-3605


Hudson Commercial Partners, Inc [Hudson Partners]
Jay Martinez
(818) 201-3605



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