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.