2101-2105 Artesia Blvd 7,056 SF 100% Leased Retail Building Redondo Beach, CA 90278 $4,969,692 CAD ($704.32 CAD/SF) 6.56% Cap Rate

NAI Capital Commercial is pleased to present 2101 – 2105 Artesia
Blvd, a premier retail investment opportunity on one of Redondo
Beach’s busiest commercial corridors. Originally constructed in
the year 2000, the single story wood frame structure is fully leased
to three strong commercial tenants on staggered leases. Savvy
investors will enjoy a stable income stream in a highly desirable area
of Los Angeles’ coveted South Bay market. The approximately
7,056 SF structure rests on a 0.45 AC (19,497 SF) lot zoned GC,
with 27 parking spaces - a phenomal 3.83/1000 parking ratio.
2101 – 2105 Artesia Blvd is fully leased to a desirable, ecommerceresistant
tenant mix. The highly successful Papa John’s franchise
occupies 21% of the center, and is currently operating on a 5 year
lease with three, 5-year options. Pharos Gym occupies approximately
66% of the property and is leased through 2028 with two, 5-year
options. Dayus Nail Spa has operated in this location for over 5 years
and recently renewed their lease through 2031, and occupy 13%
of the rentable building area. The property is currently leased at an
average weighted rent of $2.98/SF NNN, well below the market
average along North Redondo’s strategic Artesia Blvd/ 91 Freeway.
The property is optimally located on the north east corner of Artesia
Blvd and Blossom Lane, with traffic counts of ± 33,465 vehicles per
day. It has strong signage and excellent visibility, with approximately
159 feet of frontage on Artesia Blvd. The property enjoys a Walk
Score of 90 – Walker’s Paradise.