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16407 S Normandie Ave

4,100 SF 22% Leased Retail Building Gardena, CA 90247 £1,382,588 (£337/SF) 7.35% Net Initial Yield

Investment Highlights

  • Corner unit, close to school and city of Gardena,daily 23,000 car traffic
  • Newer construction with up to date building codes. Low maintenance
  • 19 parking spaces

Executive Summary

Constructed in 2023.For medical, retail and office use. Good for owner user. Located at the corner of Normandie and Gardena ,with daily 23,000+ car traffic. The building comes with 19 parking spaces and 800 Amp electric power. There are 3 suits 800sf and 1 unit 1600 sf . The units can be combined based on tenant's needs. The seller may carry the loan. Also available for lease.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £144,270 £35.19
Other Income - -
Vacancy Loss £4,328 £1.06
Effective Gross Income £139,942 £34.13
Taxes £19,537 £4.77
Operating Expenses £17,633 £4.30
Total Expenses £37,170 £9.07
Net Operating Income £102,772 £25.07

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £144,270
Annual Per SF £35.19
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £4,328
Annual Per SF £1.06
Effective Gross Income
Annual £139,942
Annual Per SF £34.13
Taxes
Annual £19,537
Annual Per SF £4.77
Operating Expenses
Annual £17,633
Annual Per SF £4.30
Total Expenses
Annual £37,170
Annual Per SF £9.07
Net Operating Income
Annual £102,772
Annual Per SF £25.07

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,100 SF
Building Class
B
Year Built
2023
Price
£1,382,588
Price Per SF
£337
Net Initial Yield
7.35%
NOI
£101,590
Percent Leased
22%
Number of Floors
1
Building FAR
0.31
Lot Size
0.30 AC
Zoning
C -3 - Commercial
Parking
19 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
91 ft on 16407 S Normandie Ave

Amenities

  • 24 Hour Access
  • Corner Lot
  • Signalised Intersection
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Fiber Optic Internet

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A-B
  • 1,600 SF
  • Office/Retail
  • -
  • Now

Brand new building on the hard corner of Normandie and Gardena,with daily 23,000 car traffic. For Medical, Retail and Office use. The building comes with 19 parking spaces and 800 Amp electric power. The building has 4 suits 800 to 1600 sf in size. The units can be combined based on the tenant's needs. Also available for Sale

  • D
  • 800 SF
  • Office/Retail
  • -
  • Now
  • E
  • 800 SF
  • Office/Retail
  • -
  • Now
Space Size Space Use Position Available
A-B 1,600 SF Office/Retail - Now
D 800 SF Office/Retail - Now
E 800 SF Office/Retail - Now

A-B

Size
1,600 SF
Space Use
Office/Retail
Position
-
Available
Now

D

Size
800 SF
Space Use
Office/Retail
Position
-
Available
Now

E

Size
800 SF
Space Use
Office/Retail
Position
-
Available
Now

A-B

Size 1,600 SF
Space Use Office/Retail
Position -
Available Now

Brand new building on the hard corner of Normandie and Gardena,with daily 23,000 car traffic. For Medical, Retail and Office use. The building comes with 19 parking spaces and 800 Amp electric power. The building has 4 suits 800 to 1600 sf in size. The units can be combined based on the tenant's needs. Also available for Sale

Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase Bank
99 Ranch Market
Ymca
The Coffee Bean & Tea Leaf
Lee's Sandwiches
U.S. Bank
Kroger
Food 4 Less
Kinecta Federal Credit Union
Albertsons Bakery
  • Listing ID: 31482033

  • Date on Market: 11/04/2024

  • Last Updated:

  • Address: 16407 S Normandie Ave, Gardena, CA 90247

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