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Key Details
Sold Price $710,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22102450
Sold Date 09/15/22
HOA Y/N No
Year Built 2009
Lot Size 9,975 Sqft
Property Description
NNN Leased investment opportunity with current cap rate of 4.01. PRIME West facing retail unit #109 (Tenant is Goodboybob Coffee) in the 1300 Highland Shops & Work Lofts which is an extraordinary mixed-use complex that seamlessly blends together work and pleasure and is ideally situated among a vibrant community of forward-thinking businesses. This inspired development was artfully designed in 2009 by master architects to maximize ocean breezes and natural light. Located in the heart of downtown Manhattan Beach, the complex is just steps from the sparkling Pacific, numerous award-winning restaurants, and year-round community events. The exposed steel structure, bleached cedar cladding and individual private balconies and patios, echo the community’s modern beach homes, while its 10,000 square-foot basement with spa locker rooms, steam showers, and private storage helps you mix more play into your work day. Arrive without the hassle of street parking via an underground garage. The South Bay is the southern Silicon Beach, packed with VCs, technology startups and creatives, as well as a healthy mixture of aerospace, retail and traditional professional services.
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Zoning MNCD
Interior
Heating Electric
Cooling Electric
Fireplace No
Laundry None
Exterior
Utilities Available Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Membrane
Total Parking Spaces 18
Building
Lot Description 0-1 Unit/Acre
Water Public
Others
Tax ID 4179004042
Security Features Fire Sprinkler System,Security Gate
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Michael Rossi • Strand Hill Christies International Real Estate
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692