Available For Sale - Retail

8,050 SF | Show Pricing $

AVAILABILITY DETAILS

Size
8,050 SF
Price/SF
Show Pricing $
Listing ID
SA446920
Notes
NOI $990,864

Building Size 8,050 sqft

Lot Area 6,733 sqft

Lease TypeTriple Net

Year Built 1946

Price Per Sqft $123.09

Zoning MNCD

Year Last Renovated 1980



DESCRIPTION

CBRE is pleased to exclusively offer for sale a trophy, beachfront multi-tenant retail investment property in the heart of Downtown Manhattan Beach – Manhattan on Pier. This rare, generational investment boasts five retail units, consisting of four restaurants and one boutique clothing store. Currently 100% leased, the property has 8,050 SF gross leasable area, providing the ideal unit sizes to maximize rents. With full NNN leases and no common area, there are minimal management responsibilities making it the ideal passive investment.



The first time on the market since it was built in 1947, Manhattan on Pier has consistently maintained 100% occupancy. With four liquor licenses and excellent exposure along both Manhattan Avenue and Manhattan Beach Boulevard, there is excellent intrinsic value in the real estate.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Alexander Kozakov, CBRE