RETAIL REDONDO BEACH

2207 ARTESIA BOULEVARD | REDONDO BEACH, CA

HIGHLIGHTS

• Own Versus Lease – Excellent opportunity for an owner/user to occupy more than half of the building and take advantage of historically low SBA financing.


• Dense Retail Corridor – Subject property is in close proximity to a brand-new CVS and Grocery Outlet. The property is also surrounded by tenants such as The Sofa Company, Taco Bell, Dollar Tree, Carl’s Jr., and Pep Boys.


• Well Located and Visible – About 100 feet of frontage on Artesia Blvd (40,000+ cars per day).


• Dense Population & Affluent Demographics – There are more than 566,458 people in a 5-mile radius, as well as an average household income exceeding $112,000 within a 1 Mile Radius.


• Improving Retail District - Subject property is down the street from the South Bay Galleria, which will soon undergo a +/- $900M makeover. It will include a hotel, apartments, retail, office, and a skate park.


• Pedestrian Friendly Street – The city of Redondo Beach is improving the pedestrian friendliness of North Redondo Beach by planning a $800k+ greenbelt renovation. This will include a park, bike path, and parking

PROPERTY INFO

Property Type: Retail

Status: For Sale

Building Size (Total GLA): 5,056 SF

Lot Size: 12,967 SF (0.30 Acres)

iNVESTMENT PRICING

Price: 2,380,000

Cap Rate Current: 5.00%

Cap Rate Pro Forma: 5.5%

Price Per Square Foot (Building): $470.73

financial DETAILS

Lease Type: Absolute-Net;Ground

Lease Term Remaining: 1.5 Years

Rent Increases: 15% at Options

Options to Extend: Four, 5-Year

Guarantor: Corporate

contact

Ryan Sharpe
Vice President
License No. 01940376
+1 310 893 3397
Ryan.Sharpe@vantiscap.com

STAY IN 
TOUCH

VANTIS CAPITAL ADVISORS

2 Park Plaza | Suite 300 | Irvine, CA 

949.942.1300

LOS ANGELES OFFICE COMING SOON

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