Miscellaneous

Redondo Beach Shopping Center Land Only

2701 Manhattan Beach Blvd, Redondo Beach, CA 90278

Listing Price: $15,500,000

Cap Rate
3.50%
Tenant Name
K&L Redondo, a California Partnership
Years Remaining On Lease
23.2
Guarantor
Private Guarantee
Rentable SF
47,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$11.58

Investment Overview

Marcus & Millichap is pleased to offer this rare opportunity to purchase the Land Owners position in this Long Term Ground Lease. With 23 years to go and coupled with annual rent increases, this covered land play offers steady, growing income and a bright future. Target investors will recognize the opportunity as an attractive and effective estate planning tool.

Investment Highlights

  • Absolute Net Ground Lease (Land Only) with 23 years remaining. No Management, no bills to pay and annual rent increases.
  • Hard Corner location. All parcels included. Just off the 405 Freeway acting as Gateway to City of Redondo Beach with incredible demographics and heavy traffic
  • Highest and best use of land is yet to come. Value today, if vacant might be significantly higher than the Offering Price.

Exclusively Listed By

Miscellaneous

Redondo Beach Shopping Center Land Only

Listing Price: $15,500,000

Cap Rate
3.50%
Tenant Name
K&L Redondo, a California Partnership
Years Remaining On Lease
23.2
Guarantor
Private Guarantee
Rentable SF
47,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$11.58

Investment Highlights

  • Absolute Net Ground Lease (Land Only) with 23 years remaining. No Management, no bills to pay and annual rent increases.
  • Hard Corner location. All parcels included. Just off the 405 Freeway acting as Gateway to City of Redondo Beach with incredible demographics and heavy traffic
  • Highest and best use of land is yet to come. Value today, if vacant might be significantly higher than the Offering Price.

Investment Overview

Marcus & Millichap is pleased to offer this rare opportunity to purchase the Land Owners position in this Long Term Ground Lease. With 23 years to go and coupled with annual rent increases, this covered land play offers steady, growing income and a bright future. Target investors will recognize the opportunity as an attractive and effective estate planning tool.

Exclusively Listed By

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