Atrium Design Center - Value Add Trophy Asset | 2413 Pacific Coast Hwy
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Atrium Design Center - Value Add Trophy Asset 2413 Pacific Coast Hwy
36,505 SF 85% Leased 4-Star Retail Building Lomita, CA 90717 For Sale
Investment Highlights
- Fully Renovated/Remodeled Asset-High End Construction.
- Best-In-Class Finishes and Amenities offering High Depreciation Potential.
- The surrounding trade area possess extremely high average household incomes, household values, and levels of disposable income.
- Atrium Design Center was designed with the vision of being a one-stop shop for all home improvement needs.
- The property is surrounding by the highly affluent neighborhoods of Palos Verdes, Redondo Beach, Rolling Hills Estates, and Torrance.
- 51,000 VPH Signalized Intersection.
Executive Summary
Value Add Trophy Asset with tremendous depreciation opportunity in the South Bay, Lomita, CA.
Originally built as “Eagle Plaza” in 1987, the property has undergone a complete transformation over the past five (5) years. The original structure was demolished and newly constructed as Atrium Design Center which was fully completed in 2022. Atrium Design Center was designed with the vision of being a one-stop shop for all home improvement needs. The asset was developed by South Bay Design Center ownership which has owned / operated a showroom at the property for 28+ years.
The asset features extremely high-quality construction, state-of-the art design, high end finishes, and best-in-class amenities (see property features section for additional detail). The high quality construction and best-in-class amenities offers an investor a tremendous depreciation opportunity.
The ground floor is comprised of five (5) tenured retail tenants. The ground floor retail is a synergistic mix of food and service tenants which drive customer visits to the center. The upper floors of the center are designed to be a one-stop shop for all home improvement needs. The upper floors are anchored by WDC Kitchen & Bath and South Bay Design Center, both of which are well-known home improvement retailers in the South Bay community.
With an intersection traffic count of over ±51,000 VPD the property’s monument signage and LED billboards are highly visible to over 18.6 M vehicles per year. The property is not only an outstanding retail real estate location, but also a remarkable branding/marketing opportunity on Pacific Coast Highway, one of Southern California’s most highly traveled routes.
The property possesses strong underlying real estate fundamentals including:
• High Visibility with ±140 of Frontage on Pacific Coast Highway and ±214 Feet on Pennsylvania Avenue.
• Significant Traffic Count with exposure to ±51,000 vehicles per day (Pacific Coast Highway)
• Convenient Access via ingress/egress driveways to the surface parking lot from both Pacific Coast Highway and Pennsylvania Avenue and parking structure access from Pennsylvania Ave.
• Prominent Signage via large monument on Pacific Coast Highway, storefronts, and large LED displays facing Pacific Coast Highway.
Originally built as “Eagle Plaza” in 1987, the property has undergone a complete transformation over the past five (5) years. The original structure was demolished and newly constructed as Atrium Design Center which was fully completed in 2022. Atrium Design Center was designed with the vision of being a one-stop shop for all home improvement needs. The asset was developed by South Bay Design Center ownership which has owned / operated a showroom at the property for 28+ years.
The asset features extremely high-quality construction, state-of-the art design, high end finishes, and best-in-class amenities (see property features section for additional detail). The high quality construction and best-in-class amenities offers an investor a tremendous depreciation opportunity.
The ground floor is comprised of five (5) tenured retail tenants. The ground floor retail is a synergistic mix of food and service tenants which drive customer visits to the center. The upper floors of the center are designed to be a one-stop shop for all home improvement needs. The upper floors are anchored by WDC Kitchen & Bath and South Bay Design Center, both of which are well-known home improvement retailers in the South Bay community.
With an intersection traffic count of over ±51,000 VPD the property’s monument signage and LED billboards are highly visible to over 18.6 M vehicles per year. The property is not only an outstanding retail real estate location, but also a remarkable branding/marketing opportunity on Pacific Coast Highway, one of Southern California’s most highly traveled routes.
The property possesses strong underlying real estate fundamentals including:
• High Visibility with ±140 of Frontage on Pacific Coast Highway and ±214 Feet on Pennsylvania Avenue.
• Significant Traffic Count with exposure to ±51,000 vehicles per day (Pacific Coast Highway)
• Convenient Access via ingress/egress driveways to the surface parking lot from both Pacific Coast Highway and Pennsylvania Avenue and parking structure access from Pennsylvania Ave.
• Prominent Signage via large monument on Pacific Coast Highway, storefronts, and large LED displays facing Pacific Coast Highway.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$877,808
|
$29.65
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $877,808 |
| Annual Per SF | $29.65 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
36,505 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1987/2022
NOI
$877,808
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.23
Land Acres
0.68 AC
Zoning
LOR1P*
Parking
27 Spaces (0.91 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
-
Simon Mattox -
Kidder Mathews
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Atrium Design Center - Value Add Trophy Asset | 2413 Pacific Coast Hwy
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