PRIME BEACH REAL ESTATEFOR SALE
HERMOSA AVE
CONFIDENTIALITY AGREEMENT
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Highland Partners Corp. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or Highland Partners Corp, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully
executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Highland Partners Corp. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Highland Partners Corp.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Highland Partners Corp.
© 2020 | Highland Partners Corp. | The information being provided by Highland Partners Corp. and/or its sources is deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Any information, measurements, facts and actual drawings shown are approximate, subject to change, or withdrawal without notice and should be independently verified by you and may not be relied upon as a precise representation by this office. No warranties or representations are made as to the condition of the property or any hazards contained therein nor any to be implied. | Logos are for identification purposes only and may be trademarks of their respective companies.
CONTACT:
MICHAEL GRANNISLic. 01393628Phone: 310-379-2228 ex [email protected]
MARYL (HAIRE) BINNEY Lic. 01357931 Phone: 310-379-2228 ex 4 [email protected]
880 Apollo Street, Suite 331, El Segundo, CA 90245
PROPERTY OVERVIEW:ADDRESS: 844 HERMOSA AVENUE HERMOSA BEACH, CA 90254
LAND SIZE: 5,859 SF
BUILDING: 6,383 SF
YEAR BUILT: 1998
PARKING: 7 SPACES
ZONING: HB-C2
APN: 4187-007-020
summary • 3
SUMMARY
Highland Partners Corp is pleased to present the opportunity to
acquire 844 Hermosa Avenue. This freestanding building is a prime
owner/user or investment property located in the highly desirable
beach city of Hermosa Beach.
ASKING PRICE: $4,250,000
HERMOSA AVE
property highlights • 4
PROPERTY HIGHLIGHTS
PARCEL MAP
• Prominent location, steps to the beach and sand
• Great opportunity for an Owner/User or investor
• Restaurant operation approved with potential for creative office
• High barriers to entry market with low vacancy
• High affluent population
• Ocean views from second floor
• In the heart of a major destination hub for tourists and locals.
• Excellent lot coverage at a price that’s below replacement cost
HERMOSA AVE
MANHATTAN AVE10
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HERMOSABEACH
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aerial • 5
AERIAL
local commercial • 6
LOCAL COMMERCIAL
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HERMOSACITY BEACH
BEACH DR BEACH DR
HERMOSA AVENUEHERMOSA AVENUE
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MANHATTAN AVE
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MONTEREY BLVDMONTEREY BLVD
MONTEREY BLVD
PALM DR
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LOMA DRSUNSET DR
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CLARKSTADIUM
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CYPRESS AVE
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BARD STBARD ST
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VALLEY DRVALLEY DR
ARDMORE AVE
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Hallmark
The Counter
Door to Door Valet CleanersBaker, Burton & LundyWash & Surf Laundry
The SourceThe Massage Spot
LavishMark of Excellence
Buona VitaBow Wow Boutique
Hook & PlowHermosa Lock & Key
MaximustLasers & Aesthetic MedicineMimosa
Thai TopRevive Thai SpaPier Ave. Fitness
Gum Tree KidsTurquoise
U.S. Post O�ceMiss Bee’s Tutoring
Skin MedixAccudata
KinectaVera Deutsch, D.D.S.
Becker Sur�oards
Ericson’s Beach Real Estate
Beach TravelShanna Shryne Design
Java Man / WickedKickboxingC ‘est la Vie Boutique / Studio 7The Coastal Connection / Steak and Whiskey
Rok Sushi
Kitchen
Chase CitibankMediterraneo
Spyder Surf ShopTower 12
Café BonapartePalmilla Cocina Y Tequila
Jakes Beach BreakHooked
Pier Surf
Hermosa Playa
Stars Antique Market
Bikram Yoga
SC Escrow Services, Inc.
Hermosa Chiropractic & Live NutritionThe Bike ShopState Farm Insurance Crème de la Crepe CafeRockefellerMartin Equities
Marlin Equity
Fritto MistoMarx Pier Ave.Chef Wang’sUncorked
Abe’s Liquor
Gum Tree
Deep Pocket Jean CompanyDetails / NW Real Estate BrokersAmaloa / The Plank SpaceLuna
New Orleans CajunMaison Luxe
SubwayCurious / Sol Baby
Hair Mechanics / Rose Cleaners / AR Salon / Local 90 / Paciugo GelatoAmigo Tacos / Nu Shuz /Elegant Nails & Spa / Pita Pit / Yard / BKB ApparelSalvatore’s / Blue Rose Boutique / Sugar Rays / Paisanos Pizza & Pasta Zane’s / Michelle's / Yak & Yeti / The Poke Bar / The Comedy & Magic Club
Beach Cities Yoga Mickey McColgan’s / / Eighten
Barnacles
Bank of America / Boardwalk Burgers & FriesRoberts LiquorAmerican JunkieBaja SharkeezPatrick Molloy’sTreasure ChestGreenbeltProject TacoLighthouse Café
Waterman’s SafehouseSilvio’sHennessey’s Tavern
City nnnall
Fire Department
PublicLibrary
Number Nine / Pedones Pizza / LaserAway / Paradise BowlsStanding Room / Decadence / Big Mikes / Bionic Body / Laurel Tavern Levy Art Studio / Soho Yoga / Dermstore / Dia de Campo
ScottSeymourJewelers
THE STRAND
PACIFIC COAST HIGHWAY
Starbucks FrostedCupcakes
BeachMarket
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SITE
POPULATION: 19,894
MEDIAN AGE: 38.8
MEDIAN HH INCOME: $128,435
MEDIAN PROPERTY VALUE: +$1.0M
BACHELOR’S DEGREE +: 73.5%
hermosa beach market overview • 7
HERMOSA BEACH MARKET OVERVIEW
CITY DEMOGRAPHICSHermosa Beach is a beachfront city in Los Angeles County,
California, United States. Its population was 19,506. The
city is located in the South Bay region of the greater Los
Angeles area and is one of the three Beach Cities. Hermosa
Beach is bordered by the other two, Manhattan Beach to
the north and Redondo Beach to the south and east. The
city’s beach is popular for sunbathing, beach volleyball,
surfing, paddle boarding and bars. The city itself extends
only about 15 blocks from east to west and 40 blocks from
north to south, with the Pacific Coast Highway running
down the middle. Situated on the Pacific Ocean. A paved
path, called The Strand, runs along Hermosa’s beach from
Torrance Beach in the south approximately twenty miles
north to Santa Monica. The Hermosa Beach pier is at the
end of Pier Avenue, which is one of the beach community’s
main shopping, eating and partying areas. Hermosa Beach
is one of the most affluent beach cities in the region and
has a growing population of professionals and families.
MICHAEL GRANNIS Lic. 01393628 Phone: 310-379-2228 ex 2 [email protected]
MARYL (HAIRE) BINNEY Lic. 01357931 Phone: 310-379-2228 ex 4 [email protected]
880 Apollo Street, Suite 331 El Segundo, CA 90245
EXCLUSIVELY MARKETED BY: