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1300 Highland Ave 300 SF Office/Retail Condo Unit Offered at $820,000 in Manhattan Beach, CA 90266
Investment Highlights
- Prime downtown Manhattan Beach location
- Secure underground parking garage with 18 spaces
- Currently a NNN leased investment with future opportunity for an owner/user
Executive Summary
1300 Highland Shops & Work Lofts. PRIME West facing retail unit #108 in the 1300 Highland Shops & Work Lofts which is an extraordinary mixed-use complex that seamlessly blends together work and pleasure and is ideally situated among a vibrant community of forward-thinking businesses. This inspired development was artfully designed in 2009 by master architects to maximize ocean breezes and natural light. Located in the heart of downtown Manhattan Beach, the complex is just steps from the sparkling Pacific, numerous award-winning restaurants, and year-round community events. The exposed steel structure, bleached cedar cladding and individual private balconies and patios, echo the community’s modern beach homes, while its 10,000 square-foot basement with spa locker rooms, steam showers, and private storage helps you mix more play into your work day. Arrive without the hassle of street parking via an underground garage. The South Bay is the southern Silicon Beach, packed with VCs, technology startups and creatives, as well as a healthy mixture of retail and traditional professional services. This is leased investment opportunity with future potential to be owner/user.
Property Facts
| Total Building Size | 13,000 SF | Typical Floor Size | 6,500 SF |
| Property Type | Retail (Condo) | Year Built | 2010 |
| Building Class | B | Lot Size | 0.23 AC |
| Floors | 2 | Parking Ratio | 1.15/1,000 SF |
| Zoning | MNCD - Property is zoned MNCD and the units are permitted for retail, personal services, and any other use allowed per the Conditional Use Permit. | ||
| Total Building Size | 13,000 SF |
| Property Type | Retail (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 6,500 SF |
| Year Built | 2010 |
| Lot Size | 0.23 AC |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | MNCD - Property is zoned MNCD and the units are permitted for retail, personal services, and any other use allowed per the Conditional Use Permit. |
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
1 Unit Available
Unit 108
| Unit Size | 300 SF | Cap Rate | 4.37% |
| Price | $820,000 | NOI | $35,815 |
| Price Per SF | $2,733.33 | Sale Conditions | 1031 Exchange |
| Condo Use | Office/Retail | APN/Parcel ID | 4179-004-041 |
| Sale Type | Investment |
| Unit Size | 300 SF |
| Price | $820,000 |
| Price Per SF | $2,733.33 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 4.37% |
| NOI | $35,815 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 4179-004-041 |
Description
Middle ground floor west facing unit on Highland Avenue. Unit is plumbed for an en-suite bathroom and enjoys individually controlled HVAC .
Nearby Major Retailers
Presented by
1300 Highland Ave
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