Vacant-User

550 W Manchester Boulevard

Listing Price: $1,200,000

Cap Rate
5.00%
Gross SF
1,800
Rentable SF
1,800
Price/Gross SF
$666.67
Lot Size
0.13 acres
Year Built
1954

Investment Overview

Marcus & Millichap is pleased to present 550 W Manchester Blvd in Inglewood, California. This property is one of a kind. The surrounding area is a highly attractive location with a brand new $2.6b stadium being built (1.9 miles away) that will be the future home of the Los Angeles Rams and Chargers, as well host Super Bowl LVI. With the stadium opening summer of 2020, and a new light rail stop opening as well in Inglewoods downtown, investing in this location is a rare opportunity.

The 1,800 SF property is a free-standing commercial building that is superiorly positioned. The Owner recently signed a lease with a tenant that will be opening a cigar lounge. The newly signed lease is at above market rents. This is a great opportunity to acquire a property with a high paying tenant and drive stable cash flow and NOI.

The building sits on a 5,705 SF lot and also includes 6 private parking spots, with the potential to increase to 9 (subject to the city adopting the proposed Transit Oriented Development (TOD) Plan to change zoning to MUC that will allow for greater number of uses and parking density). This is a superior investment opportunity in a property that is positioned on a highly visible and trafficked corner.

Investment Highlights

  • Free-standing One-Story Building on a Signalized Corner
  • 1,800 SF Retail Property on a 5,705 SF Lot
  • Newly signed NNN Lease with Above Market Rents
  • Investment/ Owner-User located less than 2-miles from New SoFi Stadium

Exclusively Listed By

  • Ingrid Farias-Eisner

    Associate

    Email Ingrid

    License(s): CA: 02071328

    West Los Angeles

  • Laura Alice Scaturro

    Associate

    Email Laura Alice

    License(s): CA: 01942167

    West Los Angeles

Listing Price: $1,200,000

Cap Rate
5.00%
Gross SF
1,800
Rentable SF
1,800
Price/Gross SF
$666.67
Lot Size
0.13 acres
Year Built
1954

Investment Highlights

  • Free-standing One-Story Building on a Signalized Corner
  • 1,800 SF Retail Property on a 5,705 SF Lot
  • Newly signed NNN Lease with Above Market Rents
  • Investment/ Owner-User located less than 2-miles from New SoFi Stadium

Investment Overview

Marcus & Millichap is pleased to present 550 W Manchester Blvd in Inglewood, California. This property is one of a kind. The surrounding area is a highly attractive location with a brand new $2.6b stadium being built (1.9 miles away) that will be the future home of the Los Angeles Rams and Chargers, as well host Super Bowl LVI. With the stadium opening summer of 2020, and a new light rail stop opening as well in Inglewoods downtown, investing in this location is a rare opportunity.

The 1,800 SF property is a free-standing commercial building that is superiorly positioned. The Owner recently signed a lease with a tenant that will be opening a cigar lounge. The newly signed lease is at above market rents. This is a great opportunity to acquire a property with a high paying tenant and drive stable cash flow and NOI.

The building sits on a 5,705 SF lot and also includes 6 private parking spots, with the potential to increase to 9 (subject to the city adopting the proposed Transit Oriented Development (TOD) Plan to change zoning to MUC that will allow for greater number of uses and parking density). This is a superior investment opportunity in a property that is positioned on a highly visible and trafficked corner.

Exclusively Listed By

  • Ingrid Farias-Eisner

    Associate

    Email Ingrid

    License(s): CA: 02071328

    West Los Angeles

  • Laura Alice Scaturro

    Associate

    Email Laura Alice

    License(s): CA: 01942167

    West Los Angeles

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