24632 Narbonne Ave 4,700 SF 100% Leased Retail Building Lomita, CA 90717 $2,405,323 CAD ($511.77 CAD/SF) 7.36% Cap Rate

The subject property is a 4,700 square foot single story commercial building on Narbonne Avenue on a double lot (12,832 square feet) with a rear yard and additional parking for 15 vehicles. Narbonne is essentially the "MAIN STREET" of Lomita, and has excellent visibility and signage as well. It is across from the Lomita Steam Magnet Elementary School. The property is owner occupied and has been a successful flooring business for many years. The zoning is CG (Commercial General) which allows a broad range of uses including retail, office, service business such as a gym or fitness center subject to meeting parking requirements. The front show room area is approximately 46' wide and 66' deep. There is a private office, an office/supply room and a bathroom in the back portion which also has a warehouse area with one large roll up door and a regular door, both with concrete ramps built in. The ceilings have been finished with drywall and provide a 12' clear height. Depending on the area of the building and location of roof joists, there might be room to provide additional clear height (buyer to verify). NOI is based on $2.25 NNN, however, the property will be DELIVERED VACANT AT CLOSE OF ESCROW. PLEASE DO NOT DISTURB THE TENANTS, SHOWINGS ARE BY APPOINTMENT WITH LISTING BROKER ONLY.