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500-506 Pacific Coast Hwy 5,850 SF 100% Leased Retail Building Hermosa Beach, CA 90254 $4,375,000 ($747.86/SF) 4.61% Cap Rate
Investment Highlights
- Irreplaceable Coastal Hard Corner on Pacific Coast Highway (PCH)
- 100% Occupied with Immediate, Stabilized Cash Flow
- Built-In Rental Growth: 3%–5% Annual Escalations
- Rare On-Site Parking Along Pacific Coast Highway (PCH)
- Michelin-Recognized Anchor Tenant with New Five (5)-Year Lease
- Diverse, Internet-Resistant Tenant Mix
Executive Summary
Rare Hermosa Beach Strip Center on PCH | 4% Annual Rent Increases
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,850 SF
Building Class
C
Year Built/Renovated
1984/2021
Price
$4,375,000
Price Per SF
$747.86
Cap Rate
4.61%
NOI
$201,624
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.34 AC
Zoning
HBC3* - Commercial
Parking
12 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
74’ on Pacific Coast Hwy
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4186-016-045 | Improvements Assessment | $1,137,827 |
| Land Assessment | $3,413,486 | Total Assessment | $4,551,313 |
Property Taxes
Parcel Number
4186-016-045
Land Assessment
$3,413,486
Improvements Assessment
$1,137,827
Total Assessment
$4,551,313
Contacts
-
Patrick Wade -
Bo Henderson -
Alex Kozakov -
Matthew Greenberg -
Jack Webber -
Nick Solomon -
Vivian Tran -
CBRE, Inc.
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
500-506 Pacific Coast Hwy
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