Hudson Partners is pleased to present this retail repositioning opportunity located in the heart of South Gate’ s prime commercial district on Tweedy Boulevard, adjacent to national credit tenants including Chase Bank, Wells Fargo, and T-Mobile.
This 4,320 square foot building consists of a vacant 2,700 square foot space, with exposed wood truss ceilings, that underwent a vanilla shell renovation in 2016. Another space of approximately
1,620 square feet is leased to a second generation restaurant for $1,600/month, on a month-to-month double net lease.
Possible use would include financial (as it’s adjacent to 2 major banks), medical, or a variety of retail options. An owner-user could benefit from the restaurant’ s income while occupying the vacant space, or occupy 100% of the building.
The property features tremendous street visibility, excellent foot traffic, daily traffic count of over 23,000 cars and metered city parking in the rear. The vacant space also includes a bonus mezzanine office.
Investors seeking value-add opportunities adjacent to national credit tenants could achieve market rents of $1.50/foot in this well-maintained property.
Located in the heart of the Los Angeles Metropolitan Area, the City of South Gate is a busy, urban community consisting of residential, commercial, and industrial development spread over 7.4 square miles. It currently ranks as the 73rd largest city in California and 17th largest in Los Angeles County with a population of 99,578. South Gate is known for its outstanding city services, remarkable parks and recreation facilities, and family-friendly environment.