945 S Prairie Ave - Storefront Retail/Office FOR SALE


Inglewood, CA 90301
$4,250,000 USD
310-207-2368
945 S Prairie Ave, Inglewood, CA for Sale
$4,250,000 USD
Storefront Retail/Office - FOR SALE
1/12
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945 S Prairie Ave
Inglewood, CA 90301


HIGHLIGHTS

  • SBA Financing Eligible | Delivered 100% Vacant for Owner/User | Ability to acquire fee simple interest (land & building ownership) w/ minimum down.
  • Over ±8,300 rentable SF w/ the ability for owner to occupy 51% per SBA guidelines while being able to lease the other over ±4,000SF(49%) for income.
  • The Development Standards allow for a substantial development on the site | Up to 75-foot (or six story) height limit and up to 70% site coverage.
  • Premier walking distance to/from SoFi Stadium | Preeminent Sports & Entertainment Corridor | Kia Forum | Intuit Dome | YouTube Theater.
  • Large swath & variety of uses permitted in zoning including, Retail, Office, Restaurant, and Parking Facilities for use by adjacent businesses.
  • Excellent Accessibility & Access | Prairie Avenue Two-Way Major Arterial w/ 3-Lanes in each direction w/ center turn lane. Traffic Counts 35,000 CPD.

OVERVIEW

Extraordinary opportunity to acquire the fee simple interest (land & building ownership) in a ± 8,357 SF mixed-use retail center in the heart of Inglewood’s Entertainment District (Los Angeles MSA). The property is exceptionally located across from the main entrance to SoFi Stadium, the largest stadium in the NFL, with a capacity of 70,000 to 100,000, and was ranked the No. 1 stadium in the world for top-grossing concert and live event ticket sales in 2023. The improvements consist of ± 8,357 square feet of gross building area within 2 stories situated on ±17,170 SF land with great Visibility/Access on Prairie Avenue (main north/south avenue directly adjacent to Hollywood Park Development) with arterial traffic counts of 35,000 CPD. Large swath and variety of uses, including Retail, Office, Restaurant, and Parking Facilities (surface, subsurface, or structured) for use by adjacent businesses, permitted within the General Commercial C2, Medical, and/or TCO Zoning. There are 14 suites, of which all will be delivered vacant for an Owner/User and SBA Financing eligible, providing the ability to acquire the land & building with minimum 10-15% down payment requirement, at over ± 8300 existing rentable square feet with the ability for own/user to occupy 51% per SBA Guidelines while being able to lease the other over ±4,000 SF (49%) for income. The Development Standards allow for substantial development on the site. Up to 75-foot (or six story) height limit with up to 70% site coverage. Positioned for Long-Term Success; On-axis with Hollywood Park Development, the largest urban mixed-use development under construction in the Western United States, with every aspect of the 300-acre development thoughtfully curated and tailor-made to thrive in today’s evolving mixed-use environment, and within premium walking distance to and from the main entrance to SoFi Stadium for pre & post-event tourism, foot traffic, and event parking.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$509 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,910 SF

ZONING

C2

APN/PARCEL ID

4024-009-003,4024-009-005

ASK ABOUT THIS PROPERTY

Brian BranandBrian Ross Brandt BranandMore Info
310-207-2368

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Brian BranandBrian Ross Brandt BranandMore Info
310-207-2368

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