3308 Highland Ave, Manhattan Beach, CA 90266

3308 Highland Ave, Manhattan Beach, CA 90266
  • $2,560,000

Description

Lyon Stahl is 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 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 SpaceĀ  | 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
  • City Manhattan Beach
  • State/county CA

Details

Updated on September 22, 2020 at 8:35 am
  • Price: $2,560,000
  • Property Size: 1,263 Sq Ft
  • Land Area: 1,756 Sq Ft
  • Year Built: 1948
  • Property Type: Retail, NNN
  • Property Status: Active

Overview

  • Retail, NNN
  • Property Type
  • 1,263
  • Sq Ft
  • 1948
  • Year Built

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