1420 W Redondo Beach Blvd | Gardena, CA 90247
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- LoopNet Team
1420 W Redondo Beach Blvd
Gardena, CA 90247
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Stabilized Investment – The Strip Center is Fully Leased. Moe’s Southwest Grill Space is Dark but Paying Rent.
- New Long-Term Leases with Rental Increases – Moe’s Southwest Grill and Hiccups Recently Executed Brand New 10-Year Leases.
- Efficiently Sized Unit – The 1,600 – 2,400 SF Suites are Ideal for a Wide Range of Retail Uses and Help Command Top-of-Market Rents.
- Owner-User Opportunity with Buyout – The Franchisee of Moe’s is willing to Pay a Buyout of their Remaining 9 Year Lease Term.
- Minimal Landlord Expense Responsibilities – The Leases are Triple Net, with Most Operating Expenses Reimbursed.
- 100% Rent Collections Throughout 2020 - Both Tenants Current on Rent Obligations.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,148 SF
Building Class
B
Year Built
2019
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.27 AC
Zoning
GAC2 - "Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
11 Spaces (2.65 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 6105-008-038 | Improvements Assessment | $2,221,254 |
| Land Assessment | $951,966 | Total Assessment | $3,173,220 |
PROPERTY TAXES
Parcel Number
6105-008-038
Land Assessment
$951,966
Improvements Assessment
$2,221,254
Total Assessment
$3,173,220
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