The Neema Group of Marcus & Millichap is pleased to present 20401 S Avalon Boulevard, Carson, CA 90746. Built in 1978 this property is an ideal investment, owner/user, or redevelopment opportunity and is located directly off the 405 freeway with easy access from the Avalon Boulevard exit. The subject property consists of a 5,382 SF office building, currently subdivided into 3 units, and is located on a large 20,138 SF lot zoned CACR&D*.
This offering presents the investor an opportunity to acquire an asset with an in-place cash-flow of 4.89% with the upside potential to achieve a 6.32% pro forma CAP rate when market rents are achieved. The property is currently 100% occupied with one short term lease expiring 6/30/2021 (1,660 SF), one month-to-month lease (2,350 SF) and one tenant who just exercised their five year option to extend. This presents an owner/user the ability to occupy over 50% of the building immediately. The landlord will have minimal operating expenses as the current tenants pay approximately $0.43 per SF monthly in CAM reimbursement.
Located on the hard corner of Avalon and Carson Plaza Court with over 30,500 cars per day — located right across the street from the South Bay pavilion that includes Ikea, Sears, JC Penny, and a newly constructed Target. The South Bay submarket continues to be one of the strongest centers of office, industrial and retail locations in all of Los Angeles. The subject property sits less than 2 miles from the new 53 acre Porsche Experience Center. Furthermore, the city plans to partner with private investors to develop a new regional center on 147 acres off of the 405 Freeway. With continued development, numerous job opportunities in the office, retail and industrial sectors and densely populated residential community, the city of Carson is projected to increase growth tremendously as a premier South Bay location.