This Retail Property is Off-Market.

1000 Rosecrans Avenue
Gardena, CA 90247 ·

36,947 SF · Retail For Sale

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Strawberry Square

Price N/A No. Stories 1
Gross Leasable Area 36,947 SF Tenancy Multiple
Property Type Retail Year Built 1992
Property Sub-type Neighborhood Center Lot Size 3.45 AC
Property Use Type Investment Parking Ratio 5.94 / 1,000 SF
Listing ID: 17447241 Date Created: 12/09/2011 Last Updated: 08/05/2013

Description

* One of the best tenant rosters in the trade area tenants include Jack in the Box, KFC/Long John Silver' s, Subway, and CiCi' s Pizza
* Conventional strip site plan at a signalized hard corner intersection (60,000 cars per day), with shallow, efficiently sized tenant suites
* Approximately 81% occupied, providing an immediate opportunity to increase income through lease-up of the vacant space
* Two (2) free-standing pads, Jack in the Box (separate parcel) and KFC/Long John Silver' s present an opportunity to spin-off parcels, reducing basis and increasing returns
* Net Operating Income is projected to grow over $320,000 (57%) upon stabilization, and over $605,000 (107%) during the anticipated hold period, providing a great hedge against inflation
* Immediate access to the 110 (Harbor) Freeway (over 251,000 cars per day), located less than two (2) blocks from the Rosecrans Avenue north/south bound off ramps
* Over 512 feet of linear frontage along busy east/west thoroughfare Rosecrans Ave

* The Property is located at 1000-1096 West Rosecrans Avenue, on the southwest corner of Rosecrans Avenue and Vermont Avenue in the City of Gardena, CA

Research

1000 Rosecrans Avenue, Gardena, CA 90247 (Los Angeles County)

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