81 Pier Ave | Hermosa Beach, CA 90254
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81 Pier Ave
Hermosa Beach, CA 90254
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime High-performing Signalized intersection with excellent visibility.
- Property is strategically located with direct frontage on Hermosa Ave and Pier Ave.
- The plaza is currently occupied by a tremendous mix of national and local tenants.
- One of the Best Known Buildings in Hermosa Beach
- Rare opportunity to purchase a Hermosa Beach Pier Plaza Property
- ABSOLUTE NNN LEASE: Tenants reimburse for 100% of CAM, Real Estate Taxes, Insurance and Property Management.
EXECUTIVE SUMMARY
Amazing opportunity to own a trophy property, with an A+ National Tenant, 1 Block to the Beach, on Pier Ave and with parking. This is an absolute NNN.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,909 SF
Building Class
B
Year Built
1971
Price
$14,250,000
Price Per SF
$3,645
Cap Rate
2%
NOI
$285,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.12 AC
Zoning
HBC2YY
Frontage
PROPERTY TAXES
| Parcel Number | 4183-002-015 | Improvements Assessment | $1,578,165 |
| Land Assessment | $9,174,316 | Total Assessment | $10,752,481 |
PROPERTY TAXES
Parcel Number
4183-002-015
Land Assessment
$9,174,316
Improvements Assessment
$1,578,165
Total Assessment
$10,752,481
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