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Atrium Design Center 2413 Pacific Coast Hwy 35,613 SF 84% Leased 4-Star Retail Building Lomita, CA 90717 $10,800,000 ($303.26/SF) 7.44% Cap Rate
Investment Highlights
- Ground Floor Retail Center + 2 Levels of Multi-Tenant Design Center
- Highly Visible Location with Prominent Signage Along Pacific Coast Hwy with Large LED Displays
- Medical Office Allowed
- Fully Renovated in 2022 Featuring High-End Construction Throughout with Premium Finishes and Modern Amenities
- Significantly Below Replacement Cost
Executive Summary
Atrium Design Center was fully renovated and completed in 2022 featuring five established ground-floor retail tenants, creating a complementary mix of food and service uses that generate consistent customer traffic to the center. Also zoned for medical use, making this a fantastic Healthcare investment opportunity. The upper floors are positioned as a one-stop destination for home improvement, anchored by WDC Kitchen & Bath and South Bay Design Center, two well-recognized home improvement retailers serving the South Bay market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
35,613 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2021/2022
Price
$10,800,000
Price Per SF
$303.26
Cap Rate
7.44%
NOI
$803,589
Percent Leased
84%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.20
Lot Size
0.68 AC
Zoning
LOR1P*
Parking
59 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7373-019-071 | Improvements Assessment | $4,186,407 |
| Land Assessment | $1,239,444 | Total Assessment | $5,425,851 |
Property Taxes
Parcel Number
7373-019-071
Land Assessment
$1,239,444
Improvements Assessment
$4,186,407
Total Assessment
$5,425,851
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Contact the Sale Advisor
Atrium Design Center | 2413 Pacific Coast Hwy