About This Restaurant
Investment Highlights
Executive Summary
Rare boutique two story courtyard building in the heart of the Riviera Village with 7,792 square feet of leasable space. Constructed in 1981 and situated on a high visibility 10,567 corner parcel with a high daily vehicle count and significant pedestrian foot traffic. The corner parcel offers 119' of Catalina Ave street frontage and 85' of frontage on Avenue I. The A+ location has 27 parking spaces, is just one block from the beach with a major beach access ramp at the base of Avenue I and is surrounded by high-end retail outlets, restaurants and the iconic beach front bike path.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Storefront Retail/Office Storefront Retail/Office General Retail Restaurant General Retail Storefront Storefront Retail/Office
- Building Size 7,792
- Building Class C
- Year Built 1981
- Price 6,200,000
- Price Per SF 796
- Cap Rate 4.89
- NOI 302,954
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 0.75
- Land Acres 0.24 AC
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Storage Space
Nearby Amenities & Transportation
| Retail | Buca Di Beppo | ||
| Retail | Coffee Bean And Tea Leaf | ||
| Retail | Mayweather Boxing + Fitness | ||
| Retail | Chase Bank | ||
| Retail | Bank of America | ||
| Retail | Smart & Final | ||
| Retail | Peet's Coffee | ||
| Retail | Pure Barre | ||
| Retail | Marie Callender's Restaurant & Bakery | ||
| Retail | CrossFit |
Property Taxes
| Parcel Number | 7511-012-012 | Improvements Assessment | $539,205 |
| Land Assessment | $2,454,691 | Total Assessment | $(1) (0.00/SF) |
| Date Created: | 2024-07-16 04:09:22 | Last Updated: | 2024-07-16 04:09:22 |
| Address: | 1700 S Catalina Ave , Redondo Beach, California, 90277 | ||