4501 Artesia Blvd 8,617 SF 100% Leased Retail Building Lawndale, CA 90260 $3,495,000 ($405.59/SF)

BACK ON THE MARKET!!!!
PRO FORMA CAP RATE: 7.36%
PRO FORMA NOI: $257,514
Newmark is pleased to present the opportunity to acquire 4513 Artesia Boulevard, Lawndale, California 90260 (hereafter the
“Property”, “Project”), a retail strip center investment opportunity. The Property consists of an approximately 8,617 square foot of
building on approximately 16,493 square foot land at the northwest corner of the signalized intersection of Artesia Boulevard and
Redondo Beach Boulevard, just west of Hawthorne Boulevard. The center is anchored by a liquor store, dental office, nail shop, and Cake Garden Deli/Bakery. With one unit vacant and three other units being on month-to-month leases,the property provides an excellent repositioning opportunity for an investor to sign new leases and add value to the center. Located in the City of Lawndale California, the Property is located in the South Bay sub-market of Los Angeles nearby to cities Redondo Beach, Hermosa Beach, Manhattan Beach, El Segundo and Torrance. Located just west of the 405 freeway, the property lies on the northside of Artesia Boulevard at the intersection of Redondo Beach Boulevard, and just west of Hawthorne Boulevard. Across the street to the south of the property is the South Bay Galleria anchored by Kohl’s, Macy’s, AMC, Total Wine & More, Nordstrom’s Rack, Sprouts and Living Spaces. Other major retail tenants nearby include Ralph’s, TJ Maxx, Starbucks, Harbor Freight, Guitar Center and Walgreens.

- Retail strip center with 7 units anchored by a liquor store, dental office, nail shop, and new Cake Garden Deli/Bakery (under construction).
- With one unit vacant and three other units being on month-to-month leases, the property provides an excellent repositioning opportunity for an investor to sign new leases and add value to the center.
- Excellent location at the northwest corner of the signalized intersection of Artesia Boulevard and Redondo Beach Boulevard, just west of Hawthorne Boulevard.
- Located in the South Bay sub-market of Los Angeles nearby to cities Redondo Beach, Hermosa Beach, Manhattan Beach, El Segundo and Torrance.
- Across the street to the south of the property is the South Bay Galleria anchored by Kohl’s, Macy’s, AMC, Total Wine & More, Nordstrom’s Rack, Sprouts and Living Spaces.
- Other major retail tenants nearby include Ralph’s, TJ Maxx, Starbucks, Harbor Freight, Guitar Center and Walgreens.
- Over 70,000 vehicles a day, average household income is $135,000 and average home value is $970K.
- Approximately 26 parking spaces (9 of which are located under the property on the alley)
- Los Angeles County Assessor states the property is approximately 8,617 SF building, however the rent roll states the property is approximately 7,670 SF building.