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644 Redondo Ave 34,899 SF 100% Leased Retail Building Long Beach, CA 90814 $12,000,000 ($343.85/SF) 6.13% Cap Rate
Investment Highlights
- $344 Per Square Foot
- Below Market Rents
- Smart & Final Anchor Bolstered by Subway and a Mix of Service and Restaurant Tenants
- Established Grocery Anchor with Strong Sales
- 34,899 SF Neighborhood Shopping Center in Prime Long Beach
- Shadow-Anchored by Petco Unleashed
Executive Summary
The high-volume sales grocery anchor attracts consistent daily consumer traffic, further complemented by a necessity-based tenant mix proven to generate repeat visits. Easily accessible with ample parking in the sprawling on-site lot, the property is a convenient retail destination, popular among area residents.
An outstanding opportunity for commercial property investors looking to add a stable, needs-based asset in an established trade area with a nationally recognized anchor, strong local demographics, and long-term upside to their CRE portfolio.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Pylon Sign
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
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99,999 SF
- -
-
Lorem Ipsum
- -
Smart & Final is a privately held grocery and supply warehouse chain founded in 1871, headquartered in Commerce, California. The company operates approximately 254 stores across the Western U.S. and northern Mexico, targeting both household and food service clientele. It is owned by Chedraui USA (formerly Bodega Latina Corporation), the U.S. subsidiary of Grupo Comercial Chedraui. Smart & Final has roots dating back to Hellman, Haas & Co., launched in Los Angeles in 1871, and merged with Smart & Final Wholesale Grocers in 1953. Over the decades, it expanded through the introduction of self-serve “cash-and-carry” models and the launch of Smart & Final Extra! stores in 2008. While privately held, the company remains a key regional player in the warehouse grocery segment.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 7258-026-028 | Improvements Assessment | $1,269,585 |
| Land Assessment | $1,448,585 | Total Assessment | $2,718,170 |
Property Taxes
Contact the Sale Advisor
644 Redondo Ave