Target - Lomita, CA
2130 Pacific Coast Hwy, Lomita, CA, 90717-2503, US
3,034 m²
Asset Description
JLL has been exclusively retained by Ownership to offer the opportunity to acquire Melrose Crossing (the “Property”, a +/- 22,458 sq. ft., mixed-use, retail, and creative office building located at the high traffic intersection of Melrose Avenue, Melrose Place, and Orlando Avenue (36,000 VPD) in the heart of Los Angeles. The recently renovated Property is strategically positioned on and benefits from exceptional visibility on a highly trafficked street with a dense and affluent surrounding population. With 0% occupancy and irreplaceable billboard / advertising opportunities, there are several avenues for near-term NOI growth.
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Attributes
Building area gross
1,981 m²
Year built
1960
Media
Investment Highlights
- WORLD CLASS BRANDING OPPORTUNITY AT A HIGH TRAFFIC INTERSECTION
- TANGIBLE NOI GROWTH
- EXTREMELY AFFLUENT AND DENSE SOCAL POPULATION
- ATTRACTIVE, MODERN ARCHITECTURE
- STRONG TENANT DEMAND
- RARE PARKING AMENITY
Contact brokers
Melrose Crossing (0 Properties)
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Last updated
16 May 2024
