Fully renovated/remodeled asset with high-end construction and best-in-class finishes and amenities.

ADDRESS	2413 Pacific Coast Highway, Lomita, CA
SALE PRICE	$16,498,000
Price Per SF (Bldg)	$463
Cap Rate (In Place %)	5.55%
Cap Rate (Year 1)	6.06%
Year 2 Stabilized %	6.79%

FULLY RENOVATED/NEWLY CONSTRUCTED BUILDING & STATE OF THE ART DESIGN/CONSTRUCTION

• 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).

TENURED GROUND FLOOR RETAILERS + SYNERGISTIC HOME IMPROVEMENT FOCUSED TENANT MIX

• 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.

HIGHLY VISIBLE PACIFIC COAST HIGHWAY LOCATION (BRANDING OPPORTUNITY)

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.

SOLID UNDERLYING REAL ESTATE FUNDAMENTALS

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.

DESIRABLE SOUTH BAY TRADE AREA DEMOGRAPHICS

• The property is surrounding by the highly affluent neighborhoods of Palos Verdes, Redondo Beach, Rolling Hills Estates, and Torrance.
• The surrounding trade area possess extremely high average household incomes, household values, and levels of disposable income.
• The average annual household expenditure for household furnishings and equipment within a three-mile radius of the site is $3,930 which is significantly above the U.S. average.