El Camino Festival Shopping Center
Gardena, California
Building
Stats
- Property Type Retail - Strip Center
- Year built 1985
- Building size (SF) 11,290
- Size (Ac) 0.91
- Price $5,600,000
Overview
El Camino Festival Shopping Center is situated at the busy crossroads of Crenshaw Blvd and Manhattan Beach Blvd in Gardena, immediately across from El Camino College (enrollment of 33,000). The 90% occupied center has well known regional/local tenants including: Domino’s Pizza, Subway, GameStop, and more. The El Camino Festival Shopping Center has ample parking allowing easy access to retailers. This is an ideal property for a 1031 exchange buyers which will allow them to either pay all cash or obtain new debt with excellent financing
terms.
Highlights
Multi-tenant street front retail building serving ±39,849 employees within 2-mile radius
Abundant parking
Multiple points of ingress/egress with great visibility and pylon signage on well-trafficked Crenshaw Blvd with ±32,814 vehicles per day
Diverse tenant mix of regional/national tenants
Recent building and property upgrades
Continuous leasing activity demonstrating the high occupancy
Excellent collection history
New debt can be placed on property
