Listed by David Weinberger with Keller Williams Studio City

14125 -14141 Crenshaw Boulevard

Hawthorne, CA, 90250

$7,056,000

$302 per ft²
$7,056,000
$302 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
23,329 ft²
property_type
Commercial
calendar
Built 1963
14141-14125 Crenshaw Blvd. is an open-air neighborhood Retail strip center located on a bustling corner in Hawthorne. This multi-tenant property is comprised of 3 separate buildings - totaling 19 units, 23,329 building sqft, and 63,792 lot sqft. Two APN's included are - 4052-018-011 & 4052-018-010. The property is situated on the signalized intersection of Crenshaw Blvd. and Rosecrans Ave., offering high visibility. Rosecrans and Crenshaw are heavily traveled streets, with traffic coming from nearby Gardena, Torrance, and the 405 Freeway. Therefore, this corner site is highly favorable due to its enhanced visibility and access. Additionally, the subject property benefits from Pizza Hut & Metro by T-Mobile, two nationally recognized companies, and its high-traffic location on Crenshaw Blvd. and Rosecrans Ave. with visible street signage. Ample parking provides easy access to this retail center, benefiting the tenants' businesses. A location score of 90 and a walking Score of 81 make this a prominent and widely used retail center. This is an excellent opportunity for Investors to acquire a property to reposition with a new tenant base or a build-to-suit store for an anchor tenant and increase market rents on a NNN basis, as well as the potential for a Partial Owner/User to run their business. Seven units are purposely vacant for a new owner to create their own vision and implement a plan to obtain tenants they want on NNN leases.Hawthorne is rapidly becoming the area of choice for prominent companies such as Tesla, Space X, Triumph Aerostructures, 9 to 5 Seating, and a new Ring headquarters is being built adjacent to Space X.
MLS® ID:
22208912
Listed:
10/13/22
Updated:
3/27/23
Stroyke Properties - Bayside Real Estate

Exterior/Building Features

Lot Size
1.46 acres lot
Lot Details
Corner Lot, Lot Over 40000 Sqft

Other Property Details

Area Name
110 - East Hawthorne
Garage
No
Parking
66
Parking Total
66.0
View
N
County
Los Angeles
Pool
No
Total Stories
1
Zoning
HACM*
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/27/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/27/23 at 5:00 PM UTC

Stroyke Properties - Bayside Real Estate
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