949-725-8507
1340-1386 W Artesia Blvd, Gardena, CA for Sale
Retail - FOR SALE
1/5
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1340-1386 W Artesia Blvd
Gardena, CA 90248


HIGHLIGHTS

  • Premier Specialty Grocery Anchored Shopping Center – Gardena Gateway Center is a ±65,987 SF, 100% occupied
  • High Performing Tenancy – Over 75% of the GLA reports sales, including national and regional tenants
  • Historically Stable, Long-Term Occupancy – Approximately, ±53,362 SF (81% of GLA) has been occupied for 10+ years
  • Below Market Rents – Current in place lease rates are approximately ~20% below prevailing market rents
  • Improving Returns – Due to embedded rental increases, the Net Operating Income is expected to increase approximately $861,000 (42%)
  • Significant Frontage, Tremendous Visibility and Signage – Gardena Gateway Center benefits from ±900 feet of prominent frontage along SR-91

OVERVIEW

* Premier Specialty Grocery Anchored Shopping Center – Gardena Gateway Center is a ±65,987 SF, 100% occupied, neighborhood shopping center anchored by a high-performing 99 Ranch Market and featuring a diverse, top tier tenant mix generating meaningful “daily needs” trips * 99 Ranch Market is the largest Asian supermarket chain in the U.S. and the largest retailer specializing in Chinese and Taiwanese products, founded in 1984 and operating 60+ locations nationwide. It is widely recognized for its authentic Asian groceries, fresh produce and seafood, and a strong assortment of everyday essentials alongside select Western offerings * High Performing Tenancy – Over 75% of the GLA reports sales, including national and regional tenants 99 Ranch Market, Daiso Japan, and 85°C Bakery Café, combined averaging $527+ PSF in sales, underscoring strong tenant health, sustained foot traffic, and long term rent durability * Historically Stable, Long-Term Occupancy – Approximately, ±53,362 SF (81% of GLA) has been occupied for 10+ years, and ±26,200 SF (40% of GLA) for 30+ years, underscoring strong tenant retention, operational stability, and long standing commitment to the site * Below Market Rents – Current in place lease rates are approximately ~20% below prevailing market rents property wide, providing investors with meaningful upside through lease rollover and rent growth * Improving Returns – Due to embedded rental increases, the Net Operating Income is expected to increase approximately $861,000 (42%) over the expected hold period, enhancing long term return potential * Significant Frontage, Tremendous Visibility and Signage – Gardena Gateway Center benefits from ±900 feet of prominent frontage along SR-91 (±57,000 CPD) with convenient access from Normandie Avenue (±22,200 CPD) and W Cassidy Street. The property is strategically located within a half mile of both the I-110 and I-405, providing regional connectivity and ease of access

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gardena Gateway Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

345

LAND DETAILS

CROSS STREETS

Normandie Ave

LAND ACRES

6.45 AC

LAND SF

280,962 SF

ZONING

GAC3

APN/PARCEL ID

6111-040-021

ASK ABOUT THIS PROPERTY

Jimmy SlusherCBRE, Inc.More Info
949-725-8507

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Jimmy SlusherCBRE, Inc.More Info
949-725-8507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.