741 – 749 N. Douglas Street, Building 16, El Segundo, CA 90245

  • Square Feet Approximately 5,322 square feet
  • Lot Size Approximately 26,676 square feet
  • Property type: Sold
  • Parking 45 parking spaces
  • Asking Price $4,413,000
  • Neighborhood El Segundo

Property Description

Pride of Ownership Retail Investment in Desirable South Bay

BUILDING SIZE: Approximately 5,322 square feet
LOT SIZE: Approximately 26,676 square feet
ASKING PRICE: $4,413,000
PARKING: 45 parking spaces
APN: 4138-031-022

•  Superb opportunity to purchase a 100% leased, newly constructed, high-quality retail strip center leased to a mix of retail, service retail and restaurant tenants
•  Tenants are Hollyway Cleaners, Lisa’s Bon Appetit and Petros Kafe and Yogurt, all have NNN leases
•  Situated within the Campus El Segundo, a dynamic mixed-use project, containing office, retail, athletic fields and the new 143-room Hyatt Place Hotel
•    Adjacent to LAX, 10 miles south of Santa Monica, within close proximity to the 105-fwy, the 405-fwy and the Metro Rail Green Line, providing additional traffic throughout the day
•    Strong NOI growth – due to embedded increases, the Net Operating income is projected to increase more than $72,000 (33%) over the expected hold period
•    Strong inflation hedge – scheduled rental increases enhancing future cash on cash returns

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