Yukon Square | 3560-3596 Redondo Beach Blvd
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Yukon Square 3560-3596 Redondo Beach Blvd
21,985 SF 88% Leased Retail Building Torrance, CA 90504 £8,098,755 (£368.38/SF) 5.63% 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
Storefront
Building Size
21,985 SF
Building Class
C
Year Built
1977
Price
£8,098,755
Price Per SF
£368.38
Net Initial Yield
5.63%
NOI
£455,741
Percent Leased
88%
Tenancy
Multiple
Number of Floors
1
Slab to Slab
10 ft
Building FAR
0.32
Lot Size
1.56 AC
Zoning
TOCC-GEN - General Commercial
Parking
98 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalised Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 1,260 SF
- Retail
- -
- Now
- 1st Floor
- 1,428 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,260 SF | Retail | - | Now |
| 1st Floor | 1,428 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 1,260 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,428 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4092-004-010 | Improvements Assessment | £1,736,699 |
| Land Assessment | £5,623,600 | Total Assessment | £7,360,299 |
PROPERTY TAXES
Parcel Number
4092-004-010
Land Assessment
£5,623,600
Improvements Assessment
£1,736,699
Total Assessment
£7,360,299
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Yukon Square | 3560-3596 Redondo Beach Blvd
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