Target - Lomita, CA
2130 Pacific Coast Hwy, Lomita, CA, 90717-2503, US
32,663 sf
Asset description
JLL has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire Crenshaw Plaza, a 146,901 SF grocery-anchored neighborhood center in Los Angeles, California. This 92.8% leased asset offers a rare opportunity in a dense, supply-constrained market with 373,100 residents within 3 miles. Located adjacent to the LAX Light Rail Transit Line, the property features a diverse mix of national and credit-worthy tenants, including Vallarta (Brand New Lease), Planet Fitness (Brand New Lease), Foot Locker, Ono Hawaiian BBQ, Wells Fargo, and Burger King. Recent leasing activity and a 9.8-year weighted average lease term ensure strong cash flow, while below-market rents provide growth potential. With 85% of square footage leased to national or regional credit tenants, Crenshaw Plaza offers stability and upside.
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Attributes
Building area net
146,901 sf
Occupancy
92.8%
Land area gross
8.7 acres
Parcel
7
Parking spaces
491
Year built
2004
Media
Investment highlights
- Recent Improvements with Two (2) Brand New Anchor Leases
- Extremely Dense Infill Location with Growing Incomes
- Transit Oriented Location Adjacent To New Light Rail Station
- Significant Frontage and Visibility
- Synergistic Daily-Needs Oriented Tenant Mix
- Limited Future Competition, Supply Constrained Market
- Embedded Multifamily Development Potential
- Epicenter of Crenshaw Corridor Specific Plan
Contact brokers
Crenshaw Plaza (2025) (0 Properties)
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Last updated
May 7, 2025
