217-229 PACIFIC COAST HIGHWAY Hermosa Beach, CA 90254 FOR SALE JAMES K. STANFILL, President Tel: 310.625.1132 Bre #: 01113910
217-229 PACIFIC COAST HIGHWAY Hermosa Beach, CA 90254 Approx. 2018 Net Operating Income: $208,700 APN Numbers: 4188-028-031 and 4188-028-032 Zoned C3 4,873 sq ft 8,276 land size SIX LEASED RETAIL SPACES: 217-1245 s.f. The Frame Store 219/221-1930 s.f. Amirian Home 225-575 s.f. Luxe Gold & Diamonds 227-550 s.f. HiFi Espresso 229-573 s.f. A Cultured Slice Parking: 12 assigned spaces directly behind property along with non metered city spaces behind assigned spaces and street parking in front.
Dynamic, "Up and Coming" Retail Location Hermosa Beach is featured as one of the top 10 beaches in the United States on the Travel Channel. Hermosa Beach, known as The Little Gem by the Sea, has something for everyone. The surf, sand and palms welcome visitors and residents year round. This intimate sun drenched beachside village combines a spectacular coastline, wide sandy beach, a century old rich history, specialty shops, restaurants and lively festivals - long a favorite with Californians. Hermosa Beach is located in the South Bay of Los Angeles nestled in between affluent Manhattan Beach to its north and vibrant Redondo Beach to its south. The city is popular for its beach volleyball, surfing, sunbathing, paddle boarding, restaurants and great weather. The average temperature is 70 F (22 C) in the summertime and 55 F (13 C) in winter. Westerly sea breezes ease occasional high summertime temps in the Los Angeles area and help to keep smog away. Hermosa averages 325 days of sunshine per year. The population is approximately 19,789 with an average household income of $155,163. Manhattan Beach has an average income of $217,703 and Redondo Beach has an average income of $126,671.
FEATURES: Pride of ownership retail opportunity in affluent South Bay of Los Angeles. Beautiful architectural building renovation. 100% Leased Every tenant pays all NNN costs and has annual increases. Most abundant parking in the South Hermosa retail corridor. Reserved parking spaces, non metered city parking lot directly behind the building and plenty of non metered street parking. New: front and rear facade, glass storefronts, handicapped bathrooms, skylights in every space, HVAC system for each space, electrical panels, sprinkler fire suppression system, roof and rear doors leading to resurfaced parking lot. Great visibility on Pacific Coast Highway. High visibility signage on PCH with incredible traffic counts. Renovation completed with high end finishes that present well with customers, providing excellent visibility. This is a pride of ownership investment built with higher end construction techniques and materials that cost more than traditional inline strip centers. Turn key investment with long term leases.
FLOOR PLAN 217 1245 ft² 219 1930 ft² 221 225 575 ft² 227 550 ft² 229 573 ft² The Frame Store Amirian Home Luxe Gold & Diamonds HiFi Espresso A Cultured Slice
AERIAL VIEW 217-229 PACIFIC COAST HIGHWAY Hermosa Beach, CA 90254 217-229 PCH JAMES K. STANFILL, President Tel: 310.625.1132 Bre #: 01113910
LOS ANGELES COUNTY Today, metro Los Angeles is the nation's largest manufacturing area, and the ports of Los Angeles and Long Beach are second only to New York as the largest customs district in the United States, and the distribution hub of the west coast and a gateway to Asia. Located on the southern coast of California, Los Angeles County covers 4,084 square miles and includes San Clemente and Santa Catalina islands. The county is comprised of approximately 88 vibrant and diverse cities hosting more than 244,000 business establishments the highest concentration in the state. The city's expansive metropolitan area is the second-largest in the country, with over 18,000,000 people spread over a land area the size of Maine. Thirty of LA's suburbs have populations of 80,000 or more. Los Angeles is very diverse, with people from over 140 countries and the largest Latin-American and Asian-American populations of any US city. The greater Los Angeles Area consists of a five county regions, which include Los Angeles County, Orange County, Riverside County, San Bernadino County and Ventura County. Throughout recent decades, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Walt Disney, Dole Food Company, Health Net, DirecTV Group, Mattel and many others. Los Angeles County has a Gross Domestic Product (GDP) of approximately $544 billion, placing it among the top 20 economies in the world higher than Switzerland, Sweden and Saudi Arabia. TOP ATTRACTIONS Goodyear Blimp site Stub Hub Center Porsche Experience Center The Links at Victoria Carson Stadium (Opening 2020) The Hollywood Museum Aquarium of the Pacific Universal Studios Los Angeles Zoo Six Flags Magic Mountain Griffith Observatory Six Flags Hurricane Harbor Staples Center Getty Center Walt Disney Concert Hall TCL Chinese Theatre Santa Monica Pier Olvera Street Hollywood Bowl Queen Mary Ahmanson Theatre Dodger Stadium Cathedral of Our Lady of the Angels Pantages Theatre Dolby Theatre LA Live Microsoft Theater Mark Taper Forum Dorothy Chandler Pavilion Pantages Theater Great Wolfe Lodge TOP RETAIL SPOTS Rodeo Drive LA Live 3rd Street Promenade Universal City Walk The Grove Citadel Outlets Beverly Center Hollywood & Highland Mall Santee Alley Westfield Culver City Santa Monica Place The Americana at Brand Westside Pavilion Galleria Mall Third Street Promenade
DISCLAIMER This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented as is without representation or warranty of any kind. Such information includes estimates based on forwardlooking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither Bluewater Realty Advisors, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. JAMES K. STANFILL, President Tel: 310.625.1132 Bre #: 01113910