2101-2105 Artesia Blvd - Freestanding FOR SALE


Redondo Beach, CA 90278- North Redondo Beach
$3,600,000 USD
805-338-9232
2101-2105 Artesia Blvd, Redondo Beach, CA for Sale
$3,600,000 USD
Freestanding - FOR SALE
1/8
null | 6.56% Cap Rate

2101-2105 Artesia Blvd
Redondo Beach, CA 90278
North Redondo Beach


HIGHLIGHTS

  • Fully leased to three strong commercial tenants on staggered leases.
  • Desirable, ecommerce-resistant tenant mix.
  • Average weighted rent is well below the market average.
  • Excellent visibility with approximately 159 feet of frontage.
  • The property enjoys a Walk Score of 90 — Walker's Paradise.

OVERVIEW

NAI Capital Commercial is pleased to present 2101 – 2105 Artesia Blvd, a premier retail investment opportunity on one of Redondo Beach’s busiest commercial corridors. Originally constructed in the year 2000, the single story wood frame structure is fully leased to three strong commercial tenants on staggered leases. Savvy investors will enjoy a stable income stream in a highly desirable area of Los Angeles’ coveted South Bay market. The approximately 7,056 SF structure rests on a 0.45 AC (19,497 SF) lot zoned GC, with 27 parking spaces - a phenomal 3.83/1000 parking ratio. 2101 – 2105 Artesia Blvd is fully leased to a desirable, ecommerceresistant tenant mix. The highly successful Papa John’s franchise occupies 21% of the center, and is currently operating on a 5 year lease with three, 5-year options. Pharos Gym occupies approximately 66% of the property and is leased through 2028 with two, 5-year options. Dayus Nail Spa has operated in this location for over 5 years and recently renewed their lease through 2031, and occupy 13% of the rentable building area. The property is currently leased at an average weighted rent of $2.98/SF NNN, well below the market average along North Redondo’s strategic Artesia Blvd/ 91 Freeway. The property is optimally located on the north east corner of Artesia Blvd and Blossom Lane, with traffic counts of ± 33,465 vehicles per day. It has strong signage and excellent visibility, with approximately 159 feet of frontage on Artesia Blvd. The property enjoys a Walk Score of 90 – Walker’s Paradise.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$510 USD /SF

CAP RATE

6.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

GC

APN/PARCEL ID

4155-031-025

ASK ABOUT THIS PROPERTY

Rose O'SullivanNAI CapitalMore Info
805-338-9232

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Rose O'SullivanNAI CapitalMore Info
805-338-9232

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