Office

25332 Narbonne Ave

Listing Price: $1,998,000

Cap Rate
2.86%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$333.00
Lot Size
0.21 acres
Year Built
1965

Investment Overview

Marcus & Millichap is proud to exclusively present this amazing Owner/User or Investment opportunity located at 25332 Narbonne Ave in the South Bay neighborhood of Lomita. This 6,375-square-foot medical office building is situated on a 9,021-square-foot corner lot, and was originally constructed as Lomita City Hall. The building has been meticulously maintained by the current owners, whom in 2017, also remodeled each unit on the ground floor. The Subject Property is visible at the northeast corner of Narbonne Avenue and 253rd Place and has a parking lot in the rear of the building with 15 spots.
There is a tremendous potential for upside as an investment property due to the fact that nearly all the tenants are on month-to-month lease terms and are paying under market rents. Seller currently occupies their suite (100) and will leaseback current suite or move suites to accommodate the buyer. This is also a great opportunity for an Owner/User or local business looking to relocate and be able to occupy a majority of the building.
The property is within walking distance to Lomitas quaint downtown shops, local restaurants, and services as well as Pacific Coast Highway with an additional abundance of retail amenities. It also is less than one-mile from several large and major tenant shopping centers. The city has recently seen a spike in young families and business moving into the area to avoid the higher costs of living and working in the surrounding beach cities. Due to this growth their has been a rise in market rents across the board. The property is one-mile from Rancho Palos Verdes, 4-miles to Torrance, and less than 10-miles to San Pedro and downtown Long Beach.

Investment Highlights

  • Less than 2 Miles from Kaiser Permanente South Bay Medical Center
  • Close proximity to 110 Fwy and Pacific Coast Hwy
  • Well Maintained Building on a Prime Corner Lot with Ample Parking
  • Perfect Opportunity for Owner/User or Investor

Exclusively Listed By

Financing By

Listing Price: $1,998,000

Cap Rate
2.86%
Gross SF
6,000
Rentable SF
6,000
Price/Gross SF
$333.00
Lot Size
0.21 acres
Year Built
1965

Investment Highlights

  • Less than 2 Miles from Kaiser Permanente South Bay Medical Center
  • Close proximity to 110 Fwy and Pacific Coast Hwy
  • Well Maintained Building on a Prime Corner Lot with Ample Parking
  • Perfect Opportunity for Owner/User or Investor

Investment Overview

Marcus & Millichap is proud to exclusively present this amazing Owner/User or Investment opportunity located at 25332 Narbonne Ave in the South Bay neighborhood of Lomita. This 6,375-square-foot medical office building is situated on a 9,021-square-foot corner lot, and was originally constructed as Lomita City Hall. The building has been meticulously maintained by the current owners, whom in 2017, also remodeled each unit on the ground floor. The Subject Property is visible at the northeast corner of Narbonne Avenue and 253rd Place and has a parking lot in the rear of the building with 15 spots.
There is a tremendous potential for upside as an investment property due to the fact that nearly all the tenants are on month-to-month lease terms and are paying under market rents. Seller currently occupies their suite (100) and will leaseback current suite or move suites to accommodate the buyer. This is also a great opportunity for an Owner/User or local business looking to relocate and be able to occupy a majority of the building.
The property is within walking distance to Lomitas quaint downtown shops, local restaurants, and services as well as Pacific Coast Highway with an additional abundance of retail amenities. It also is less than one-mile from several large and major tenant shopping centers. The city has recently seen a spike in young families and business moving into the area to avoid the higher costs of living and working in the surrounding beach cities. Due to this growth their has been a rise in market rents across the board. The property is one-mile from Rancho Palos Verdes, 4-miles to Torrance, and less than 10-miles to San Pedro and downtown Long Beach.

Exclusively Listed By

Financing By

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