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- LoopNet Team
2207 Artesia Blvd
Redondo Beach, CA 90278
Property For Lease
Property Facts
| Property Type | Retail | Year Built/Renovated | 1956/2008 |
| Property Subtype | Freestanding | Parking Ratio | 3.56/1,000 SF |
| Gross Leasable Area | 5,056 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,056 SF |
| Year Built/Renovated | 1956/2008 |
| Parking Ratio | 3.56/1,000 SF |
About the Property
CBRE has been retained as the exclusive advisor to offer for sale a 100% fee simple interest in 2207-2209 Artesia Boulevard in Redondo Beach. The property is a 5,056 square foot building situated on 12,967 square feet of land with 18 parking spaces. This is a rare opportunity for an Owner-User looking for a site in the South Bay. An Owner-User has the opportunity to take advantage of a very favorable SBA loan program if they are looking to occupy over half of the building. This offering will also appeal to an investor looking to re-tenant the property with one or more tenants. At the market rent of $2.45 a square foot per month, an investor would be able to achieve a 5.96% capitalization rate along the coast. Additionally, the building was heavily renovated in 2008. The remodel included a new roof, a new façade with new glass, and a new HVAC system. The remodel also included new awnings, new electrical, and recently undergone seismic retrofitting.
- Storage Space
