1060 Aviation Blvd
Hermosa Beach, CA 90254
Prime Hermosa Beach Office Building · Office Property For Sale

Prime Hermosa Beach office building with ocean views plus an adjacent parcel zoned R-2 currently used for parking. The first floor is currently available for an owner/user, which is 2,030 sf of office space plus 400 sf of additional permitted space on the mezzanine level for storage use . In addition to the 2,430 sf, there is 400 sf of mezzanine space that the previous owner also used for storage for a potential total of 800 sf of mezzanine storage space. Upstairs, 2000 sf is currently leased to Grand Harbor Property Management on a 5 year lease expiring in January of 2021. They are currently paying $3,605/mo with 3% annual increases and have a 5 year option at the owners then offering rate. In addition to having the income from this tenant, the current owner negotiated a 99 year rooftop lease to Crown Castle for the purposes of marketing to cell carrier companies, and any future income from cell towers will be split 50%/50% between Crown Castle and the new owner of the building. Please see attachment with a detailed description of special features of the ground floor space. Seller will carry with 25% down to a qualified Buyer The property is ideally situated on Aviation between Prospect and Pacific Coast Highway and has ocean views. There is also future development potential for the adjacent 3,808 sf R-2 zoned lot included in the price.