741 – 749 N. Douglas Street, Building 16, El Segundo, CA 90245
-
PROPERTY BROCHURE
-
Listing type: Sold
-
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
ZONING: CCSP
• 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