3621-3629 N Sepulveda Blvd - Office FOR SALE


Manhattan Beach, CA 90266
$10,995,000 USD
415-378-5464
3621-3629 N Sepulveda Blvd, Manhattan Beach, CA for Sale
$10,995,000 USD
Office - FOR SALE
1/26
null | Request Cap Rate

3621-3629 N Sepulveda Blvd
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Two-story mixed use retail/office building located at the signalized corner of N. Sepulveda Blvd/Route 1 and Rosecrans Avenue
  • Directly across the street from The Pointe Retail Center, Manhattan Village and 1.5 miles from the Pacific Ocean
  • Prime signage and identity visibility
  • 3629 N. Sepulveda totals 7,970 Sq.Ft. per CoStar and includes two stories of move-in ready office space and a 2,656 Sq.Ft. functional basement space
  • 3621 N. Sepulveda is a two-story building comprised of small retail spaces and two vacancies
  • 19,111 Sq.Ft. lot zoned MNCG with 37 parking spaces

OVERVIEW

Maher Commercial Realty is pleased to present this two-story mixed-use retail and office building located on the prime signalized corner of N. Sepulveda Blvd/Route 1 and Rosecrans Avenue in Manhattan Beach, directly across the street from the famed The Pointe retail center, the Manhattan Village, and 1.5 miles from the Pacific Ocean. The subject site comprises of two buildings totaling +/-14,893 square foot (per CoStar, includes basement space) of gross leasable area. This offering is ideal for an owner-user who wants to take advantage of prime signage and identity visibility, enjoy many neighborhood restaurants and amenities, and also collect high rental income with future lease escalations in tow. 3629 N. Sepulveda is the building located closest to Rosecrans Avenue and totals +/- 7,970 square feet, per CoStar, which includes two stories of move-in ready office space including reception area, private offices, conference rooms, storage rooms, and bathrooms. The square footage also includes a functional +/- 2,656 square foot functional below-grade basement, perfect for record storage, laboratory work, or another ancillary professional or medical services use. 3621 N. Sepulveda is a two-story building comprised of multiple small retail uses and a few vacancies. There is a popular neighborhood dance studio occupying three suites totaling 3,248 square feet and paying an attractive $9.27 per square foot in gross rent and has expressed interest in a lease extension. Kumon, which is a national franchise, occupies approximately 1,293 square feet and has also expressed an interest in a lease extension. There are currently two vacant suites available in the building. The site has excellent exposure to both north and south traffic and is surrounded by shopping and dining options. The 19,111 square foot lot is zoned MNCG and and offers 37 parking spaces. Ideal for an owner-user and/or investor with great visibility along N. Sepulveda Blvd. (Rte 1). Excellent 105/405 freeway access for employees and staff traveling from any part of the City. Enjoy multiple amenities including food, retail shopping, coffee shops and juice bars all mixed with standard office uses.

FOR SALE DETAILS

PRICE

$10,995,000 USD

PRICE/SF

$701 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

MNCG

APN/PARCEL ID

4173-008-033

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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