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Hermosa Avenue Collection 1312-1320 Hermosa Ave

6,470 SF 100% Leased Retail Building Hermosa Beach, CA 90254 $5,575,000 ($862/SF) 5.03% Cap Rate

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Investment Highlights

IRREPLACEABLE REAL ESTATE
WALKER’S PARADISE
HIGH BARRIERS TO ENTRY

SIGNIFICANT FRONTAGE
PREMIUM RENTAL RATE
AFFLUENT DEMOGRAPHICS

Executive Summary

Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire The Hermosa Avenue Collection (the “Property”), a 6,470 square foot collection of four street-front retail suites located in Downtown Hermosa Beach, California. The Property is situated within the main retail trade area, along Hermosa Avenue (13,398 VPD) and just before Pier Avenue (15,526 VPD). The beach front streets are lined with a variety of retailers, high-quality dining options, and entertainment venues – earning the area a Walker’s Paradise designation. The area provides an excellent environment for retailers with a combination of affluent residents and a consistent inflow of tourists each year. Average Household Income tops $180,000 within a one-mile radius of the Property while the Hermosa Beach Boardwalk sees over 8 million visitors annually. With limited transaction volume and zero new retail developments, The Hermosa Avenue Collection grants an Investor the rare opportunity to benefit from Hermosa Beach’s premium rental rates, affluent demographics, and high barriers to entry within a market where assets rarely trade hands.

The Hermosa Collection Flyer