Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Junior Box Space Title is generated by Realmo AI

    220 E Grand Ave, El Segundo, CA 90245

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    17,710 SF retail space with excellent signage and accessibility.

    Type:Retail
    Property size:
    17,710 SF
    Lot size:
    1.54 Acres
    Added:
    Aug 1, 2024
    Days on Market:
    669
    Last Refresh:
    May 12 at 10:07 pm

    Property Features for 220 E Grand Ave

    General Information

    Standard status
    Active
    Size
    17,710 SF
    Lot size
    1.54 Acres
    Property subtype
    Retail

    Spaces For Lease

    at 220 E Grand Ave Contact us

    $4/Mo

    Size
    17,870 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Bill Durslag

    Listing agent Bill Durslag License #CA 00498427

    Listing office CBRE - South Bay

    Listing date Aug 1, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay

    HighLights

    • Prime 17,710 SF Free‑Standing Junior Box in Excellent Condition
    • Only building serving the surrounding neighborhood
    • Excellent Building Signage + Exclusive 'Grandfathered' Pole Sign for High Visibility
    • Loading Dock Suitable for 53 Ft Container Trucks with Dedicated Area
    • 85 Exclusive Surface Parking Spaces (5/1000 Ratio)
    • Corner Lot With (3) Access Points

    Overview

    This 17,710 square foot rectangular junior box is situated on 1.54 acres and offers a parking ratio of 5/1000. The space is fully built-out as a specialty space and is in excellent condition, featuring central air conditioning, private restrooms, freezer space, and a security system. It also includes high ceilings and plug & play capabilities. The property benefits from excellent building signage and an exclusive grandfathered pole sign for high visibility and branding. A loading dock suitable for 53-foot container trucks is provided, with a dedicated area that does not interfere with customer parking. The property includes 85 exclusive surface parking spaces and is located on a corner lot with three access points. The building is well-known within the community and is the only building serving the surrounding neighborhood. It presents a unique opportunity as it is available for the first time.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fadi A. Gobran, PharmD Pharmacy higi Medical Clinic Redbox Cinema Amazon Locker - Nadya Postal Service Rite Aid Pharmacy

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • St Antony Pharmacy — 310 E Grand Ave #105, El Segundo, CA 90245
    • Fadi A. Gobran, PharmD — 220 E Grand Ave, El Segundo, CA 90245
    • Rite Aid Pharmacy — 220 E Grand Ave, El Segundo, CA 90245
    • Laura Abernathy — 220 E Grand Ave, El Segundo, CA 902453827
    • Lillian Nguyen — 220 E Grand Ave, El Segundo, CA 902453827

    Location Insight

    • Map
    • Local Demand
    City
    El Segundo
    County
    Los Angeles
    State
    California
    Longitude
    -118.4140287
    Latitude
    33.9189237

    Nearby Similar for Lease

    • Sponsored
      $129-$5,035/Mo
      11-1,292 SF

      Spaces El Segundo LAX

      360 Pacific Coast Hwy, El Segundo, CA 90245
      View Details
    • $129-$4,838/Mo
      11-1,292 SF

      Continental Grand

      400 Continental Blvd, Unit 6TH, El Segundo, CA 90245
      View Details
    • $2 SF/Yr
      15,282 SF

      El Segundo Office Space Available

      Office space for rent in El Segundo, California.
      200 N Continental Blvd, El Segundo, CA 90245
      View Details
    • $3 SF/Yr
      9,302 SF

      Class A Office Space

      Class A office space for rent in El Segundo.
      801 Parkview Drive North, El Segundo, CA, 90245
      View Details
    • $4 SF/Yr
      11,239 SF

      El Segundo Office Space Available

      Office space available for lease in El Segundo, CA.
      2240 East Maple Avenue, El Segundo, CA, 90245
      View Details
    • Contact for pricing
      21,938 SF

      Furnished Office Space Available

      Plug-n-play, furnished office with amenities in El Segundo.
      400 N. Continental Blvd., Ste. 500, El Segundo, CA 90245
      View Details
    • $6 SF/Yr
      2,660 SF

      Retail Space with Open Plan

      Retail space featuring an open plan, kitchen, and storage.
      309 N Pacific Coast Hwy, EL SEGUNDO, CA 90245
      View Details
    • Contact for pricing
      339,540 SF

      Renovated El Segundo Office Building

      Newly renovated office building with unparalleled views and modern amenities.
      101 Continental Boulevard, El Segundo, CA, 90245
      View Details
    • $4 SF/Yr

      Prime Retail Space in El Segundo

      Free-standing retail opportunity in the heart of El Segundo.
      220 East Grand Avenue, El Segundo, CA, 90245
      View Details
    • Contact for pricing
      13,312 SF

      El Segundo Office Space Available

      Office space available for lease in El Segundo, California.
      2333 Utah Ave, El Segundo, CA 90245
      View Details
    • Contact for pricing
      9,255 SF

      Office Space for Sublease

      9,255 SF office space available for sublease.
      777 S Aviation Blvd, El Segundo, CA 90245
      View Details
    • $3 SF/Yr
      18,500 SF

      Freestanding Flex/Office Building For Rent

      Single-story, 18,500 sqft flex/office building available for lease.
      600 Lairport Street, El Segundo, CA, 90245
      View Details

    FAQs

    What type of property is this?
    Drug store - 17,710 SF retail space with excellent signage and accessibility.
    Where is this drug store located?
    The property is located at 220 E Grand Ave El Segundo, CA.
    What is the lease rate?
    The lease rate is $54 SF/Yr.
    What are key features of this property?
    This property features: Prime 17,710 SF Free‑Standing Junior Box in Excellent Condition; Only building serving the surrounding neighborhood; Excellent Building Signage + Exclusive 'Grandfathered' Pole Sign for High Visibility
    (805) 338-8454 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bill Durslag
    Real Estate License ID: CA 00498427
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    220 E Grand Ave, El Segundo, CA 90245
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!