The Hermosa Avenue Collection _Property for Sale
The Hermosa Avenue Collection _Property for Sale
1320 Hermosa Avenue, Hermosa Beach, CA, 90254, US

The Hermosa Avenue Collection

Asset Description

Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire the Hermosa Avenue Collection (the “Property”), a 6,470 square foot collection of four street-front retail suites located in Downtown Hermosa Beach, California. The Property is situated within the main retail trade area, along Hermosa Avenue (13,398 VPD) and just before Pier Avenue (57,943 VPD). The beach front streets are lined with a variety of retailers, high-quality dining options, and entertainment venues – earning the area a Walker’s Paradise designation. The area provides an excellent environment for retailers with a combination of affluent residents and a consistent inflow of tourists each year. Average Household Income tops $180,000 within a one-mile radius of the Property while the Hermosa Beach Boardwalk sees over 8 million visitors annually. With limited transaction volume and zero new retail developments, The Hermosa Avenue Collection grants an Investor the rare opportunity to benefit from Hermosa Beach’s premium rental rates, affluent demographics, and high barriers to entry within a market where assets rarely trade hands.

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Attributes

Asking price
€5,196,000
Cap rate
5%
Building area net
601 m²
Land area gross
743 m²
Year built
1922
Year renovated
2012
Zoning
HBC2YY
Occupancy
100%
NOI
€262,000

Media

Investment Highlights

  • IRREPLACEABLE REAL ESTATE
  • SIGNIFICANT FRONTAGE
  • WALKER’S PARADISE
  • PREMIUM RENTAL RATE
  • HIGH BARRIERS TO ENTRY
  • AFFLUENT DEMOGRAPHICS
  • SOUTH BAY RENAISSANCE
The Hermosa Avenue Collection  4_Property for Sale
The Hermosa Avenue Collection  4_Property for Sale

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The Hermosa Avenue Collection (0 Properties)

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Last updated
3 Oct 2024