CBM1 Senior Vice President Jason Ehrenpreis recently completed the sale of a corner retail strip center at 15734 Hawthorne Boulevard in Lawndale. The property traded for $3,330,000.
Situated at the major signalized intersection of Hawthorne Boulevard and Manhattan Beach Boulevard, the property is located amid Lawndale’s thriving commercial trade area. The site features a 6,080 SQFT retail building on a 20,473 SQFT lot. Tenants include One Main Financial, Rolling Zone Creamery, and a Bank of America ATM. The subject property, a pad building, is Shadow anchored by a CVS Pharmacy.
Well-located in the heart of the South Bay, the site is just east of the 405 freeway’s Hawthorne Boulevard Exit and near the Anderson Elementary and Will Rogers Middle School joint complex.
Mr. Ehrenpreis represented the seller, a private investor.
“The property is an incredible value-add opportunity, perfect for an owner-user,” says CBM1’s Jason Ehrenpreis. “The buyer intends to occupy the center’s single vacancy [with plans to open an Asian restaurant], while also drawing income from the co-tenants,” Ehrenpreis notes, adding: “And if any of the current tenants vacate, the new ownership has an opportunity to install a replacement tenant, paying market rent.”
For more information on this transaction or CBM1 brokerage services, contact Jason Ehrenpreis at 310.231.5213 | jason@cbm1.com.
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