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Yukon Square 3560-3596 Redondo Beach Blvd 21,985 sq ft 88% Let Retail Property Torrance, CA 90504 £7,850,430 (£357.08/sq ft) 5.76% Net Initial Yield
EXECUTIVE SUMMARY
Great opportunity to own a Community Retail Center with 16 Tenants that are all on NNN Leases with 2 additional passive income generated by T-Mobile Wireless Antenna and Glacier Water Kiosk. The excellent retail location is anchored by 7-Eleven that has a Corporate-Guaranteed NNN Lease. It is situated on a signalized, hard corner at the intersection of Yukon Avenue and Redondo Beach Boulevard. In addition, the traffic counts exceeds 35,000 cars per day and is in close proximity to the 405 freeway. The property has undergone recent capital improvements including Facade Upgrades, LED Lighting, Parking Lot Resurfacing and Tenant Sign Renovations.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Shopfront
Property Size
21,985 sq ft
Costar Property Class
C
Year Built
1977
Price
£7,850,430
Price per sq ft
£357.08
Yield
5.76%
NOI
£451,981
Occupancy Rate
88%
Tenancy
Multiple
Number of Floors
1
Floor To Floor Height
10 ft
Plot ratio
0.32
Total Plot Size
1.56 ac
Use Class
TOCC-GEN - General Commercial
Parking
98 Spaces (4.86 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalised Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- POSITION
- AVAILABLE
- 1st Floor
- 1,260 sq ft
- Retail
- -
- Now
- 1st Floor
- 1,428 sq ft
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,260 sq ft | Retail | - | Now |
| 1st Floor | 1,428 sq ft | Retail | End Cap | Now |
1st Floor
| Size |
| 1,260 sq ft |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,428 sq ft |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
Walk Score®
Easily Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4092-004-010 | Improvements Assessment | £1,717,117 |
| Land Assessment | £5,560,192 | Total Assessment | £7,277,309 |
PROPERTY TAXES
Parcel Number
4092-004-010
Land Assessment
£5,560,192
Improvements Assessment
£1,717,117
Total Assessment
£7,277,309
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Yukon Square | 3560-3596 Redondo Beach Blvd
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