Overview
Retail Strip Center For Sale
This retail strip center features 7 units, anchored by a liquor store, a dental office, a nail shop, and a new Cake Garden Deli/Bakery (under construction). The property offers a repositioning opportunity for investors to secure new leases and enhance the center's value, particularly with one vacant unit and three units operating on month-to-month leases. Situated at the northwest corner of the signalized intersection of Artesia Boulevard and Redondo Beach Boulevard, just west of Hawthorne Boulevard, the location benefits from high visibility and traffic. The property is located in the South Bay sub-market of Los Angeles, near Redondo Beach, Hermosa Beach, Manhattan Beach, El Segundo, and Torrance. The South Bay Galleria, anchored by Kohl’s, Macy’s, AMC, Total Wine & More, Nordstrom’s Rack, Sprouts, and Living Spaces, is located across the street to the south. Other nearby major retail tenants include Ralph’s, TJ Maxx, Starbucks, Harbor Freight, Guitar Center, and Walgreens. The location experiences over 70,000 vehicles daily, with an average household income of $135,000 and an average home value of $970,000. The property includes approximately 26 parking spaces, with 9 located under the building on the alley. The Los Angeles County Assessor states the building is approximately 8,617 square feet, while the rent roll indicates approximately 7,670 square feet. The lot is approximately 155 feet by 110 feet, featuring 155 feet of frontage on Artesia Boulevard. It is located within approximately 1/2 mile of the 405 Freeway and directly adjacent to the east of Hermosa Beach and Manhattan Beach. Artesia Boulevard serves as a main east/west thoroughfare into these cities.