Historical Retail Sale Listing - Strawberry Square

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Strawberry Square

1000 Rosecrans Avenue, Gardena, CA 90247

N/A

36,947 SF | Retail

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Retail Property - Off Market

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

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

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

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