|Gardena Valley Shopping Center, a 128.4k sf, neighborhood center in Los Angeles’ South Bay region, has been listed for sale. The asset boasts nearly full occupancy and has been among the most successful retail shopping destinations in the area since it was built.
Anchored by a Von’s Supermarket, the center is located at 1230-1300 W. Redondo Beach Blvd. The center also features a variety of national credit tenants, including Starbucks, O’Reilly Auto Parts, Flame Broiler, Radio Shack, H&R Block, Rite Aid, Sprint, Jamba Juice, Payless and Togos.
Colliers Senior Vice Presidents Chris Maling and David Maling, both based in the company’s downtown Los Angeles office, are the co-listing brokers for the property, which sits on more than eight acres. They cite its high-visibility, excellent location with multiple entries and exits along Redondo Beach Blvd, Budlong Ave, 155th St and Normandy Ave, plus its close proximity to the Harbor (110) Fwy, as further attributes of the center.
“Most importantly, urban infill investment opportunities like this are becoming rare in the most densely populated areas of Los Angeles County,” said Chris Maling. “This investment is an excellent opportunity for an investor to take advantage of the current income stream, ideal location and the upside potential with tenants that are rolling with no options to increase their rent.”