Listing provided courtesy of Michael Talbot of RE/MAX Estate Properties. Last updated 2023-12-01 09:29:43.000000. Listing information © 2023 CRMLS.
Asking Price: $12,000,000
901 Pacific Coast, Redondo Beach CA 90277
Community: 157 - S Redondo Bch W of PCH
This Office property was built in 1987 and is priced at $12,000,000. Please see the additional details below.
- 0 Sq Ft
- 0 bathrooms
- 0 bedrooms
- MLS#: 370844401
- Type: Office
- Year Built: 1987
Rare opportunity to own a trophy asset at the Gateway to the beach cities located on the signalized corner of Pacific Coast Hwy. and Herondo (Anita - 190th) with a traffic count of 90k daily with 130 feet of frontage along PCH and 704 feet along Herondo. The three freshly painted 2 story contemporary professional commercial buildings of approx. 24,256 sq. ft. are divided into 8 suites spread out on a 50,188 sq. ft. lot. A strong seasoned tenant base is supporting a 3.6% cap rate as is with one unit available providing a value add opportunity or to satisfy an owner user to occupy the 4,200 sq. ft. ocean view office. Within the first year, there's an opportunity to lease the one available space, update cam charges as leases come up for renewal and adjust rents at market rates to a 5% cap rate. Please see the attached supplements with the marketing brochure with a virtual tour and rent roll, APOD, traffic count and demographics.