240 Center St - Loft/Creative Space FOR SALE


El Segundo, CA 90245
$7,950,000 USD
310-939-7171
240 Center St, El Segundo, CA for Sale
$7,950,000 USD
Loft/Creative Space - FOR SALE
1/21
null | 6% Cap Rate

240 Center St
El Segundo, CA 90245


HIGHLIGHTS

  • Prime corner lot location in the center of El Segundo, one mile from the ocean.
  • Fully leased to long-term tenants, including a veterinarian and specialty retail business.
  • Positioned along a major east-west thoroughfare with excellent visibility and accessibility.
  • Located in a business-friendly city known for aerospace, tech, and entertainment industries.
  • Convenient access to Pacific Coast Highway, I-105, I-405, and Los Angeles International Airport.
  • Strong investment fundamentals with a 6% cap rate and stable income stream.

OVERVIEW

This fully leased investment property at 240 Center Street offers a rare opportunity to acquire a stabilized asset in the heart of El Segundo, one of Los Angeles’ most business-friendly coastal cities. The two-story, 14,350-square-foot building sits on a prominent 0.47-acre corner lot along a primary east-west corridor, just one mile from the Pacific Ocean. Zoned M1, the property combines long-term tenancy with strong income stability, featuring a well-established veterinarian occupying the upper level and a sports memorabilia retailer on the ground floor. El Segundo is a thriving hub for Fortune 500 companies, aerospace leaders, and entertainment firms, making it a magnet for both corporate and creative industries. The property benefits from excellent connectivity to Pacific Coast Highway, I-105, and I-405, as well as close proximity to Los Angeles International Airport. The city’s walkable downtown, vibrant dining scene, and proximity to major sports and entertainment venues—including the future home of the LA Clippers and Topgolf—enhance the long-term desirability of this location. The combination of a prime coastal location, strong tenant mix, and limited supply of comparable properties makes this an exceptional opportunity for 1031 exchange buyers or investors seeking a stable, income-producing asset in the South Bay market.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$554 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

M1, El Segundo

APN/PARCEL ID

4139-005-063

ASK ABOUT THIS PROPERTY

Steven LegareWest Shores RealtyMore Info
310-939-7171

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Steven LegareWest Shores RealtyMore Info
310-939-7171

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