1312-1320 Hermosa Ave - Storefront FOR SALE


Hermosa Beach, CA 90254
$5,575,000 USD
424-901-8206
1312-1320 Hermosa Ave, Hermosa Beach, CA for Sale
$5,575,000 USD
Storefront - FOR SALE
1/8
null | 5.03% Cap Rate

1312-1320 Hermosa Ave
Hermosa Beach, CA 90254


HIGHLIGHTS

  • IRREPLACEABLE REAL ESTATE
  • SIGNIFICANT FRONTAGE
  • WALKER’S PARADISE
  • PREMIUM RENTAL RATE
  • HIGH BARRIERS TO ENTRY
  • AFFLUENT DEMOGRAPHICS

OVERVIEW

Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire The Hermosa Avenue Collection (the “Property”), a 6,470 square foot collection of four street-front retail suites located in Downtown Hermosa Beach, California. The Property is situated within the main retail trade area, along Hermosa Avenue (13,398 VPD) and just before Pier Avenue (15,526 VPD). The beach front streets are lined with a variety of retailers, high-quality dining options, and entertainment venues – earning the area a Walker’s Paradise designation. The area provides an excellent environment for retailers with a combination of affluent residents and a consistent inflow of tourists each year. Average Household Income tops $180,000 within a one-mile radius of the Property while the Hermosa Beach Boardwalk sees over 8 million visitors annually. With limited transaction volume and zero new retail developments, The Hermosa Avenue Collection grants an Investor the rare opportunity to benefit from Hermosa Beach’s premium rental rates, affluent demographics, and high barriers to entry within a market where assets rarely trade hands.

FOR SALE DETAILS

PRICE

$5,575,000 USD

PRICE/SF

$862 USD /SF

CAP RATE

5.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hermosa Avenue Collection

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

HBC2YY

APN/PARCEL ID

4183-013-068

ASK ABOUT THIS PROPERTY

Tim KuruzarJLLMore Info
424-901-8206

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Tim KuruzarJLLMore Info
424-901-8206

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