1660 W 25th St - Auto Repair FOR SALE


San Pedro, CA 90732- Coastal San Pedro
$2,180,000 USD
213-298-3593
1660 W 25th St, San Pedro, CA for Sale
$2,180,000 USD
Auto Repair - FOR SALE
1/4
null | 5.5% Cap Rate

1660 W 25th St
San Pedro, CA 90732
Coastal San Pedro


HIGHLIGHTS

  • Core, Coastal, Irreplaceable Location
  • Located at the base of Rancho Palos Verdes & San Pedro, two dynamic Los Angeles coastal communities with a diverse consumer base
  • High barriers to entry coastal market with no future competition
  • Positioned at the corner of Western Avenue and West 25th Street, the two primary arterials around the Palos Verdes Peninsula and San Pedro markets
  • Newly remodeled Smart & Final anchored shopping center
  • One of the most affluent and supply-restricted coastal submarkets in Los Angeles

OVERVIEW

Newmark Capital Markets & WestPac Partners is pleased to present to qualified investors the rare opportunity to acquire a core, coastal, single-tenant NNN A&E Auto Service & Tire (“Property”). Strategically located at the convergence of Rancho Palos Verdes and San Pedro, two of the most stable and established coastal communities in Los Angeles County, the Property consists of 1,800 square feet of improvements situated on 0.27 acres of land. A&E Auto Service recently executed a fresh 5-year lease extension, further validating the long-term strength and viability of this location. The lease features fixed rental increases of 4% annually. The site has served as an essential service hub for the residents of Rancho Palos Verdes Peninsula and San Pedro. The two submarkets are historically supply-constrained, featuring high barriers to entry, limited competing auto service facilities, and a deeply loyal consumer base. San Pedro has an average household income exceeding $96,000 while Rancho Palos Verdes represents over $158,000. The property sits just west of the signalized intersection of 25th Street & Western Avenue. Western Avenue is the primary north/south arterial for commuters around the Palos Verdes Peninsula while West 25th Street turns into Palos Verdes Drive East, the primary east/west arterial around the Palos Verdes Peninsula with very good combined traffic counts of over 58,000 CPD at the signalized intersection of 25th & Western.

FOR SALE DETAILS

PRICE

$2,180,000 USD

PRICE/SF

$1,621 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,786 SF

ZONING

LAC2

APN/PARCEL ID

7562-017-016

ASK ABOUT THIS PROPERTY

William BaumanNewmarkMore Info
213-298-3593

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William BaumanNewmarkMore Info
213-298-3593

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