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Mixed-Use

20715 Avalon Boulevard | Retail Mixed-Use

20715 Avalon Blvd, Carson, CA 90746

Listing Price: $18,500,000

Cap Rate
4.12%
Gross SF
30,000
Rentable SF
30,000
Price/Gross SF
$616.67
Lot Size
1.39 acres
Year Built
1973

Investment Overview

Marcus & Millichap is proud to present an exceptional opportunity to acquire a flagship 30,000-square-foot, three-story mixed-use retail and medical office building located in the heart of Carson, California. Strategically positioned directly across from the SouthBay Pavilion—home to IKEA, Target, and numerous national retailers—this high-profile property benefits from over 10.3+ million annual visitors (Placer.ai) and commanding exposure along the I-405 Freeway, the most traveled freeway in Southern California.

Built to the highest institutional standards, the property features a diverse and synergistic tenant mix with fully occupied ground-floor retail and stabilized medical tenancy on the second floor. Retail tenants include Crumbl Cookies, Ono Hawaiian BBQ (Drive-Thru), Crab N Spice, and Verizon Wireless, offering daily-needs services with strong consumer appeal. The second floor is occupied by Pro-Active Health, a well-established medical provider serving the growing demand for healthcare services in the area.

The third floor is currently vacant, offering a unique opportunity for an owner-user purchaser to occupy or investors to lease a premium top-floor space with 360-degree panoramic views of the Los Angeles basin. Additional income is generated through existing cell tower leases, and there is significant freeway signage—an increasingly valuable attribute in high-traffic corridors. The site is also adding a new drive-thru for Ono Hawaiian BBQ, a significant and valuable addition to the flexibility of the building.

With every major retailer located within a one-mile radius, prime visibility, multiple revenue streams, and value-add potential, this offering represents a rare opportunity to own and/or occupy a marquee asset in one of Southern California’s most dynamic submarkets.

Investment Highlights

  • 30,000 Square Foot Mixed-Use Building – A+ Three-Story Construction with Modern Finishes and Flexible Layout
  • Strategic Location – Directly Across from SouthBay Pavilion (IKEA & Target) with 10.3M+ Annual Visitors (Placer.ai)
  • High-Visibility Freeway Frontage – Adjacent to I-405, the Most Traveled Freeway in Southern California
  • Fully-Leased Ground Floor Retail – Crumbl Cookies, Verizon Wireless, Ono Hawaiian BBQ (Drive-Thru), and Crab N Spice
  • Second Floor Medical Tenant – Pro-Active Health Provides Stable In-Place Income From a Long-Term Medical User
  • Vacant Third Floor with Views – Ideal for Owner-User or Lease-Up; 360° Views of Los Angeles
  • Supplemental Income – Rooftop Cell Tower Lease Provides Passive Cash Flow
  • Drive-Thru –New Drive-Thru Being Installed for Ono Hawaiian BBQ End Cap Space

Exclusively Listed By

Mixed-Use

20715 Avalon Boulevard | Retail Mixed-Use

Listing Price: $18,500,000

Cap Rate
4.12%
Gross SF
30,000
Rentable SF
30,000
Price/Gross SF
$616.67
Lot Size
1.39 acres
Year Built
1973

Investment Highlights

  • 30,000 Square Foot Mixed-Use Building – A+ Three-Story Construction with Modern Finishes and Flexible Layout
  • Strategic Location – Directly Across from SouthBay Pavilion (IKEA & Target) with 10.3M+ Annual Visitors (Placer.ai)
  • High-Visibility Freeway Frontage – Adjacent to I-405, the Most Traveled Freeway in Southern California
  • Fully-Leased Ground Floor Retail – Crumbl Cookies, Verizon Wireless, Ono Hawaiian BBQ (Drive-Thru), and Crab N Spice
  • Second Floor Medical Tenant – Pro-Active Health Provides Stable In-Place Income From a Long-Term Medical User
  • Vacant Third Floor with Views – Ideal for Owner-User or Lease-Up; 360° Views of Los Angeles
  • Supplemental Income – Rooftop Cell Tower Lease Provides Passive Cash Flow
  • Drive-Thru –New Drive-Thru Being Installed for Ono Hawaiian BBQ End Cap Space

Investment Overview

Marcus & Millichap is proud to present an exceptional opportunity to acquire a flagship 30,000-square-foot, three-story mixed-use retail and medical office building located in the heart of Carson, California. Strategically positioned directly across from the SouthBay Pavilion—home to IKEA, Target, and numerous national retailers—this high-profile property benefits from over 10.3+ million annual visitors (Placer.ai) and commanding exposure along the I-405 Freeway, the most traveled freeway in Southern California. Built to the highest institutional standards, the property features a diverse and synergistic tenant mix with fully occupied ground-floor retail and stabilized medical tenancy on the second floor. Retail tenants include Crumbl Cookies, Ono Hawaiian BBQ (Drive-Thru), Crab N Spice, and Verizon Wireless, offering daily-needs services with strong consumer appeal. The second floor is occupied by Pro-Active Health, a well-established medical provider serving the growing demand for healthcare services in the area. The third floor is currently vacant, offering a unique opportunity for an owner-user purchaser to occupy or investors to lease a premium top-floor space with 360-degree panoramic views of the Los Angeles basin. Additional income is generated through existing cell tower leases, and there is significant freeway signage—an increasingly valuable attribute in high-traffic corridors. The site is also adding a new drive-thru for Ono Hawaiian BBQ, a significant and valuable addition to the flexibility of the building. With every major retailer located within a one-mile radius, prime visibility, multiple revenue streams, and value-add potential, this offering represents a rare opportunity to own and/or occupy a marquee asset in one of Southern California’s most dynamic submarkets.

Exclusively Listed By

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