306-312 S Catalina Ave
Redondo Beach, CA 90277
Property For Lease
Highlights
- Current short term in-place leases provide immediate income.
- Located within one block of the ocean with potential for panoramic ocean views
- Potential to accommodate a variety of commercial uses.
Property Overview
CBRE is pleased to offer 306-312 S. Catalina Avenue in Redondo Beach for sale for the first time in over 50 years. This is a once in a lifetime opportunity to own a commercial site just a few steps off the beach. The property consists of three adjacent buildings totaling +/- 20,329 square feet on two parcels totaling +/- 32,905 square feet of land. The buildings are currently leased by two tenants, a government contractor which has occupied the building since 2004 and a Pilates studio. Both tenants are on short term leases providing ultimate flexibility to the owner. The area is amenity rich and in-place rents are 15% to 20% below market offering immediate upside in the building's current configuration or the opportunity to repositioning the property to achieve even higher rents.
- Fenced Lot
Property Facts
