Current Listing | Rare Opportunity to Own Retail Space in Manhattan Beach
Woody Stahl and Brett Lyon of Lyon Stahl are pleased to present 3308 Highland Ave, a 1,263 SF single-tenant retail building situated on a 1,756 SF lot just 3 blocks from The Strand.
This property is listed at $2,560,000.
This is a rare opportunity to own retail space on Highland Ave with a NNN tenant (cycling studio) that currently pays $6.33/SF/month.
The location is ideal for a future owner-user or 1031 Exchange Buyer and is uniquely situated on a pedestrian-friendly street that sees more than 38,000 cars per day.
Currently stabilizing at a 3.75% CAP, this asset offers little management responsibility, strong cash flow, and tremendous growth potential due to its unbeatable location in Manhattan Beach.
1,263 SF of Retail Space | Situated on a 1,756 SF Lot
Prime location in North Manhattan Beach, only 3 blocks from The Strand
3.75% CAP Rate | NNN Tenant | $6.33/SF/month
Dense population & affluent demographics – more than 566,458 people in a 5-mile radius, as well as an average household income exceeding $112K , 1-Mile
More on this Property:
For More Information, Contact:
Woody Stahl: [email protected]
Brett Lyon: [email protected]