Pacific Center is located at 208 E. Carson St, Carson, CA 90745, in Los Angeles County. The 100% Leased Mixed-Use Investment is comprised of ±5,060 square feet of contiguous retail and office space situated on 0.27 acres on the Southwest corner of Carson and Orrick Ave, adjacent to a 73,000 sq ft grocery anchored Albertsons retail center. The Property is comprised of 7 tenants, many of whom have renewed with ownership more than once. The Property has off-street parking in the rear of the building with 17 individual parking stalls — 3.36/1,000 SF— in addition to on-street parking on Orrick Ave.
The homeowner base around the Property remains strong at 66% of the population within a 1-mile radius while still leaving room for a 34% renter pool to diversify the community and its needs for commercial products and services. The Property has phenomenal accessibility to all corners of LA County, as it is situated just 1 mile in between the 110 and 405 Freeways. Employer density is high throughout Carson and the surrounding South Bay Submarket, with employers like General Mills, PepsiCo, Arconic Fastening Systems, Alcoa Inc, and Conduent-Xerox officing nearby the Property and employing thousands of workers. The recently renovated South Bay Pavilion, less than 2 miles northeast of the Property, has made Carson a retail shopping destination and accordingly has caused retailer and overall commercial assets to appreciate.
Pacific Center is an exceptional opportunity to acquire a well-positioned and stable commercial asset in an increasingly appreciating market boasting impressive and convenient access to a mix of retail, healthcare, and industrial occupiers and high residential density.
Asking Price: $2,135,000
NOI: $114,884
