15715-15721 S Crenshaw Blvd - Storefront FOR SALE


Gardena, CA 90249
$2,235,000 USD
818-259-0476
15715-15721 S Crenshaw Blvd, Gardena, CA for Sale
$2,235,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

15715-15721 S Crenshaw Blvd
Gardena, CA 90249


HIGHLIGHTS

  • The Lease features uncapped CPI-based rent escalations every five (5) years, offering a reliable, inflation-hedged income stream.
  • At the Lease expiration, all improvements revert to the fee owner without compensation to the Lessee, unlocking substantial upside.
  • Located directly adjacent to El Camino College, home to over 22,000 students.
  • Positioned at the signalized hard corner of Crenshaw Blvd. and Manhattan Beach Blvd., the site and enjoys high visibility.
  • Surrounded by over 256,000 residents within a three (3)-mile radius and an average household income of $120,000.
  • The intersection sees 45,000+ vehicles daily, ensuring consistent exposure and foot traffic - a key driver of retail success.

OVERVIEW

Rare Ground Lease Offering - An exceptional opportunity to acquire the fee interest in a ground lease beneath a thriving shopping center, with thirteen (13) years remaining and no further extension options — offering a clear path to long-term value creation.

FOR SALE DETAILS

PRICE

$2,235,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

LCC1*

APN/PARCEL ID

4070-013-016

ASK ABOUT THIS PROPERTY

Patrick WadeCBRE, Inc.More Info
818-259-0476

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

Patrick WadeCBRE, Inc.More Info
818-259-0476

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