Crenshaw Plaza
Gardena, California
Building
Stats
- Property Type Retail - Strip Center
- Year built 1955
- Building size (SF) 26,505
- Size (Ac) 1.31
- Price $8,750,000
Overview
Crenshaw Plaza is situated in the heart of Gardena on Crenshaw Boulevard, very close to Space X headquarters. The 96% occupied center has many well known tenants; Autozone, T-Mobile, Easter Seals, and Ramona’s Restaurant (five-unit operator). The Crenshaw Plaza has ample parking allowing easy access to retailers. This is an ideal property for a 1031 exchange buyer which will allow them to either pay all cash or obtain new debt with excellent financing terms.
Highlights
Multi-tenant street front retail building
Abundant parking with 81 free surface parking spaces
Excellent visibility with pylon sign and 388’ frontage on Crenshaw Blvd
Excellent daytime demographics and traffic counts
Substantial recent building and property upgrades
Continuous Leasing Activity demonstrating the high occupancy
Excellent Collection history
New Debt can be placed on the property
