Commercial Property For Sale Tiffany H. Hwang 213.210.4500 ...

[Pages:6]Commercial Property

For Sale

Tiffany H. Hwang | 213.210.4500

16400?16410 South Western Ave. Gardena, California

Redpoint Realty is pleased to present the subject property located on a corner lot at 16400 ? 16410 South Western Avenue in Gardena, California.

The property benefits not only from its close proximity to many other restaurants and shops but also from its easy access to freeways.

The property is on a busy street. The immediate area surrounding this property is retail, residential, and service-oriented type businesses.

Commercial Property

Location

16400 ? 16410 South Western Ave.

Tiffany H. Hwang Realtor? | DRE 02089583

213.210.4500

Gardena, CA 90247

2

Commercial Property

LOCATION HIGHLIGHTS

Corner Lot. Northeast corner of Gardena Blvd. and Western Ave. Ample parking of 25 spaces on property Great Owner-User, or Investment Opportunity Great location--East of 405 Freeway, West of 110 Freeway, North of 91 Highway Heavy day-time foot traffic Potential to increase rental income with pro-forma cap rate of 6%

LOCATION OVERVIEW

$2,750,000

Offering Price

6,292

Building Sq Ft

14,449

Lot Sq Ft

Investment

Overview

16400 & 16410 South Western Avenue 16400 & 16410 South Western Avenue

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Map

NEIGHBORHOOD

The property benefits not only from its close proximity to many other restaurants and shops but also from its easy access to the 110, 405, and the 91 Freeway.

The immediate area surrounding this property is retail, residential, and service-oriented type businesses. The property totals approximately 6,292 Sq Ft and consists of an office and restaurant (Korean BBQ) occupied by the seller and corner lot restaurant occupied by tenant (Three Spices Thai Kitchen) with a remaining lease term of 2 years. The property is on a busy street of Western Avenue. and it has ample parking of 25 spaces with a 3.91 /1,000 SF ratio.

DEMOGRAPHICS

POPULATION 2020 Population 2020 Median HH Income 2020 Average HH Income

1 MILE 31,367 $64,897 $85,677

3 MILE 224,751 $61,258 $82,071

5 MILE 748,533 $66,839 $93,216

Tozai Painter's Tape

Kotohira

Umemura

Burnt Tortilla Spoon House Bakery and Restaurant

Crazy Rock'n Sushi Sea Empress Seafood Restaurant

Tokyo Central And Main

Fukuno Restaurant

Chikara Mochi

Garden Spa JT Cleaners

Snack Spot

Los 3 Potosino's Mexican Food

Moon BBQ

16400 & 16410 South Western Avenue

Meiji Tofu Kiku Florist & Gifts Otafuku Noodle House

Sunset Market

The Original Giuliano's Delicatessen Diana's Market

Shilla Restaurant

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Photography

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Disclaimer

Thank You!

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Redpoint Realty and it should not be made available to any other person or entity without the written consent of Redpoint Realty.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. Redpoint Realty has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Redpoint Realty has not verified, and will not verify, any of the information contained herein, nor has Redpoint Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

TIFFANY H. HWANG -- 3435 Wilshire Boulevard, Suite 1828 Los Angeles, California 90010

213.210.4500 tiffanyredpoint@

DRE 02089583

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