2413 Pacific Coast Hwy - Storefront Retail/Office FOR SALE


Lomita, CA 90717
$15,790,000 USD
310-796-6229
2413 Pacific Coast Hwy, Lomita, CA for Sale
$15,790,000 USD
Storefront Retail/Office - FOR SALE
1/20
null | 6% Cap Rate

2413 Pacific Coast Hwy
Lomita, CA 90717


HIGHLIGHTS

  • Fully Renovated/Remodeled Asset-High End Construction.
  • Atrium Design Center was designed with the vision of being a one-stop shop for all home improvement needs.
  • Best-In-Class Finishes and Amenities offering High Depreciation Potential.
  • The property is surrounding by the highly affluent neighborhoods of Palos Verdes, Redondo Beach, Rolling Hills Estates, and Torrance.
  • The surrounding trade area possess extremely high average household incomes, household values, and levels of disposable income.
  • 51,000 VPH Signalized Intersection.

OVERVIEW

Value Add Trophy Asset with tremendous depreciation opportunity in the South Bay, Lomita, CA. The asset features extremely high-quality construction, state-of-the art design, high end finishes, and best-in-class amenities. The ground floor is comprised of five (5) tenured retail tenants. The upper floors of the center are designed to be a one-stop shop for all home improvement needs. Intersection traffic count of over ±51,000 VPD the property’s monument signage and LED billboards. High NOI and CAP Rates: With an initial Net Operating Income (NOI) of $947,669 (6.00% cap rate) and expected to increase to $1,118,041 (7.08% cap rate) by the second year, this property promises strong returns and a favorable income-to-investment ratio. Depreciation Benefits: Given the high-quality construction and best-in-class finishes, the property offers substantial depreciation benefits, enhancing the investor’s tax advantages and overall return on investment. Value-Add Opportunities: With a current occupancy rate of 89% and the possibility of leasing up the remaining vacant spaces.

FOR SALE DETAILS

PRICE

$15,790,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atrium Design Center - Value Add Trophy Asset

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,560 SF

ZONING

LOR1P*

APN/PARCEL ID

7373-019-071

ASK ABOUT THIS PROPERTY

Simon MattoxKidder MathewsMore Info
310-796-6229

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Simon MattoxKidder MathewsMore Info
310-796-6229

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