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Gardena Hertz 1950 W Redondo Beach Blvd
3,150 SF Retail Building Gardena, CA 90247 $3,200,000 ($1,016/SF) 5% Cap Rate
Executive Summary
»Hertz (NYSE: HTZ) operates as a global vehicle rental and sales company with rental services under the Hertz, Dollar, and Thrifty brands, generating $9.37 billion in annual revenue in 2023 - an increase of nearly 8% over the prior year
High-Traffic Corner, Residential and Commercial Density – Located at the signalized intersection of Redondo Beach Blvd (±31,351 CPD) and Gramercy Pl, proximate to both residential and commercial density with a daytime population of approximately 243,600 and almost 11,400 businesses within 3 miles
Desirable South Bay Retail Location – Situated on W Redondo Beach Blvd between S Western Ave and Van Ness Ave - major thoroughfares connecting Gardena to greater Los Angeles with numerous retailers in the immediate area including Target, CVS, Ralphs, Raising Cane’s, Starbucks, Jack in the Box, Carl’s Jr., Tokyo Central, Union Bank, Chick Fil A, Del Taco, and many others
Dense and Affluent South Bay Demographics
»More than 32,800 people in a 1-mile radius with AHI of $109,200
»More than 233,100 people in a 3-mile radius with AHI of $106,400
»More than 734,700 people in a 5-mile radius with AHI of $122,654
»Daytime population of more than 736,700 people in a 5-mile radius
“Bite Size” LA STNL Investment – Hertz’s smaller price point provides for an optimal “gap filler” 1031 exchange property and its STNL nature to an international publicly traded corporation with minimal landlord management or maintenance obligations makes it perfect for passive or “out of town” investors
Property Facts
Amenities
- Bus Line
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
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- Rental and Leasing Services
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99,999 SF
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$9.99
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Lorem Ipsum
-
Jan 0000
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. They are one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. Product and service initiatives such as Hertz Gold Plus Rewards, Ultimate Choice, Carfirmations, Mobile Wi-Fi and unique vehicles offered through its specialty collections sets them apart from the competition. Additionally, they own the vehicle leasing and fleet management leader Donlen Corporation, operate the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Rental and Leasing Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4066-006-001 | Improvements Assessment | $194,796 |
| Land Assessment | $1,402,053 | Total Assessment | $1,596,849 |
PROPERTY TAXES
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John Read -
Trent Steeves -
CBRE
Presented by
Gardena Hertz | 1950 W Redondo Beach Blvd
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