1125 Manhattan Ave | Manhattan Beach, CA 90266
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- LoopNet Team
1125 Manhattan Ave
Manhattan Beach, CA 90266
Manhattan on Pier · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Generational Trophy Asset – This is The Manhattan’s First Time on the Market Since 1947.
- Excellent Tenant Mix – Consisting of Four Restaurants and One Boutique Clothing Store.
- Delivered Free and Clear of Debt – Ability to Buy All-Cash or Obtain Financing at Today’s Attractive Rates.
- Ideal Property and Unit Size – Five Perfectly Sized Retail Units Between 1,300-2,250 Square Feet Each - Help Maximize Rent Collections.
- Fee Simple Ownership Includes Improvements – Allows for Depreciation, which Enhances After-Tax Cash Flow.
- Strong Inflation Hedge – The Existing Leases Contain Strong Annual Rental Increases During Initial Lease Term and Option Periods.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,050 SF
Building Class
C
Year Built
1946
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.19 AC
Zoning
MNCD - Commercial District
Frontage
78’ on Manhattan Avenue
AMENITIES
- Corner Lot
- Restaurant
PROPERTY TAXES
| Parcel Number | 4179-022-006 | Improvements Assessment | $179,005 |
| Land Assessment | $330,967 | Total Assessment | $509,972 |
PROPERTY TAXES
Parcel Number
4179-022-006
Land Assessment
$330,967
Improvements Assessment
$179,005
Total Assessment
$509,972
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