29050 S Western Ave - Restaurant FOR SALE


Rancho Palos Verdes, CA 90275
$24,000,000 USD
626-437-7580
29050 S Western Ave, Rancho Palos Verdes, CA for Sale
$24,000,000 USD
Restaurant - FOR SALE
1/11
null | 5.08% Cap Rate

29050 S Western Ave
Rancho Palos Verdes, CA 90275


OVERVIEW

Great opportunity to own a 100% leased Neighborhood Retail Center in an affluent area of Los Angeles with 22 Tenants that are all on NNN Leases with an additional passive income generated by T-Mobile Wireless Cell Tower. The excellent retail location is anchored by AutoZone and It is situated on a signalized corner at the intersection of Western Avenue and Capitol Drive. In addition, the traffic counts exceeds 40,000 cars per day along Western Avenue and is in close proximity to the 101 freeway. The property has undergone capital improvements including smooth stucco and paint on Facade of the builidngs, Parking Lot repairs, slurry coat and restriping as well as landscaping.

FOR SALE DETAILS

PRICE

$24,000,000 USD

PRICE/SF

$553 USD /SF

CAP RATE

5.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbour Cove Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.89 AC

LAND SF

125,888 SF

ZONING

LAC2

APN/PARCEL ID

7445-004-242

ASK ABOUT THIS PROPERTY

Teresa TingMasters RealtyMore Info
626-437-7580

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Teresa TingMasters RealtyMore Info
626-437-7580

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