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New Listing – Multi-Tenant Retail/Office Building

New Listing – Multi-Tenant Retail/Office Building

Stephen Takahashi and Brett Lyon of Lyon | Stahl Investment Real Estate are proud to present 740 N Centinela Ave,
a beautiful multi-tenant retail/office building situated on a corner lot in a desirable area of Inglewood!

Listed at $2,900,000, this building was built in 2015 and has a cap rate of 4.06%.

Just minutes away from the new stadium, this newly constructed building consists of eight units (four retail on the 1st floor and four offices on the 2nd floor) with unit sizes ranging from 799 to 1,035 square feet. Located on Centinela Ave and Hyde Park Pl, this property has over 150 feet of frontage on both streets and traffic counts that exceed 27,000 VPD, granting the property plenty of exposure. Given the property’s exceptional location and value-add factor, due to approximately 25% of the building being vacant, this newly constructed retail/office center is a fantastic opportunity.


Investment Highlights:
● 7,705 SF (7,315 RBA) retail/office building situated on 16,980 SF
● New construction (2015 build) with excellent curb appeal
● Approx. 160′ of frontage on Centinela Ave & over 190′ on Hyde Park Pl
● Exceptional traffic counts exceeding 27,000 VPD
● 26 on-site open asphalt paved parking spaces | 3.6 : 1,000 SF

 

 

 


City Overview:
Inglewood is a city in the South Bay region of Los Angeles bordered by Westchester/LAX, Hawthorne, and Ladera Heights with a population of over 110,000. The Forum in Inglewood was designed by architect Charles Luckman, who also designed Madison Square Garden in New York. The Forum is now the largest indoor performance venue in the country with a design focused on music and entertainment. The Los Angeles Stadium at Hollywood Park is under construction in Inglewood and when completed in 2020, it will be the home of both the Los Angeles Rams and Los Angeles Chargers. The Los Angeles Stadium will also be hosting the opening ceremonies of the 2028 Summer Olympics.

 

 

 

To learn more about this property:

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