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2411 Artesia Boulevard
Redondo Beach, CA 90278

Price: $3,260,000 Zoning: RBC2-PD
Bldg SF: 6,655 SF Price/SF: $490
Land SF: 12,987 SF Occupancy: Vacant
Pro Forma CAP Rate:  5.69% Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Steven Schechter
(818) 212-2793
Steve.schechter@marcusmillichap.com
License # 01089464

Address: 2411 Artesia Boulevard, Redondo Beach, CA 90278
Price: $3,260,000
Bldg SF: 6,655 SF
Land SF: 12,987 SF
ProForma CAP Rate: 5.69%
Price/SF: $490
Occupancy:  Vacant
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Steven Schechter
(818) 212-2793
Steve.schechter@marcusmillichap.com
License # 01089464

Investment Highlights

Vacant Retail Building Ideally Located in the High Demand Beach City of Redondo Beach, CA

 

  • Excellent opportunity for an Owner-User Buyer looking to occupy a building for their own business

  • SBA financing is readily available at historically low rates

  • Excellent visibility and frontage along Artesia Boulevard, a main retail South Bay retail thoroughfare

  • Strong rental pocket with high daily traffic counts north of 40,000 vehicles per day

 

Excellent South Bay Location

 

  • Dense immediate population with over 39,000 people within one-mile, over 260,000 people within three-miles, and over 559,000 people within five-miles of th subject property

  • Affluent sub-market with an average household income over $125,000 within one-mile of the subject property

  • Median income over $98,000 within one-mile of the subject property

  • Well located within close proximity to dense retail including a plethora of national and local retailers in close proximity to a brand-new CVS and Grocery Outlet

  • Highly walkable sub-market with a walk score of 93/100, a walkers paradise

 

Significant Development in the Immediate Area

 

  • South Bay Galleria, the premier shopping destination in the South Bay, is currently undergoing a substantial development

  • $900 million South Bay development will include a hotel, apartments, retail, office, and a skate park

  • The city of Redondo Beach is planning improvement of pedestrian friendliness of North Redondo Beach by planning an $800,000 greenbelt renovation. This will include a park, bike path, and parking lot