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2207-2209 Artesia Blvd
Redondo Beach, CA
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Investment Highlights
- + Excellent owner/user or re-positioning opportunity
- + Property is surrounded by tenants such as Taco Bell, Dollar Tree, Carl’s Jr., and CVS
- + Well Located and Visible – About 100 feet of frontage on Artesia Blvd (44,000+ cars per day)
- + Dense Population - There are more than 566,458 people in a 5 mile radius
- +Affluent Demographics – average household income exceeding $112,000 within a 1 Mile Radius
- +Turnkey Property – Property was extensively remodeled in 2008
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CBRE has been retained as the exclusive advisor to offer for sale a 100% fee simple interest in 2207-2209 Artesia Boulevard in Redondo Beach.
The property is a 5,056 square foot building situated on 12,967 square feet of land with 18 parking spaces. This is a rare opportunity for an Owner-User looking for a site in the South Bay. An Owner-User has the opportunity to take advantage of a very favorable SBA loan program if
they are looking to occupy over half of the building. This offering will also appeal to an investor looking to re-tenant the property with one or more
tenants. At the market rent of $2.45 a square foot per month, an investor would be able to achieve a 5.61% capitalization rate along the coast.
Additionally, the building was heavily renovated in 2008. The remodel included a new roof, a new facade with new glass, and a new HVAC system. The remodel also included new awnings, new electrical, and recently undergone seismic retrofitting.
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CBRE
2221 Rosecrans Ave,
Suite 100
El Segundo, CA 90245
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Ryan Sharpe
310 893 3397
Ryan.Sharpe@cbre.com
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