R E D O N D O B E A C H , C A L I F O R N I A

F O R L E A S E

C A S E Y J A H N AssociateLic. 01875035+1 310 550 2544 casey.jahn@cbre.com

R Y A N S H A R P E AssociateLic. 01940376+1 310 893 3397 ryan.sharpe@cbre.com

P R O P E R T Y O V E R V I E WOverview

Property Address 2207-2209 Artesia Blvd, Redondo Beach, CA

Gross Leasable Area 5,056 SF (Divisible)

Lot Size 12,967 SF

Parking Spaces 18

Built 1956

Remodeled 2008

Remodel Included:

New Roof; New Front Facade, with New Glass; Seismic Retrofitted; New AC Unit, Ducting & Controls ; New Awnings; New Electrical; New Ceiling (Ceiling is Foiled & Painted, Covering Wood Joists)

L O C A T I O N M A P

S I T E

• Dense Retail Corridor – Subject property is surrounded by tenants such as The Sofa Company, Taco Bell, Dollar Tree, Carl’s Jr., and Pep Boys

• Well Located and Visible – About 100 feet of frontage on Artesia Blvd (44,000+ cars per day)

• Dense Population & Affluent Demographics – There are more than 566,458 people in a 5 mile radius, as well as an average household income exceeding $112,000 within a 1 Mile Radius

• Turnkey Property – Property was extensively remodeled in 2008; newer roof, newer facade, newer HVAC, and recently retrofitted

B U I 8 L D I N G H I G H L I G H T S

A E R I A L S

S I T E

ARTESIA BOULEVARD

F L O O R P L A N

MIRA COSTAHIGH SCHOOL

R E D O N D O B E A C H , C A L I F O R N I A

A E R I A L M A P

MIRA COSTAHIGH SCHOOL

R E D O N D O B E A C H , C A L I F O R N I A

REDONDO BEACHRIVIERA

BIRNEYELEMENTARY

SCHOOL

R E D O N D O B E A C H , C A L I F O R N I A

A E R I A L M A P

SOUTH BAY

EL CAMINO COLLEGE

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TORRANCE

R E D O N D O B E A C H , C A L I F O R N I A

A E R I A L M A P

LAX

MANHATTAN BEACH SANTA MONICA

NORTHROP GRUMMAN

SYSTEM CORP

LINCOLN ELEMENTARY

SCHOOL

R E D O N D O B E A C H , C A L I F O R N I A

A E R I A L M A P

R E D O N D O B E AC H

The City of Redondo Beach has been a preferred resort destination in Southern California for more than a century. Located in the desirable coastal edge of Los Angeles County, Redondo Beach is just 20 miles from downtown Los Angeles and 7 miles south of Los Angeles International Airport as a part of the widely known South Bay region. The city’s mass appeal has made it one of the most desirable areas to live in the country with a population which has steadily grown to nearly 70,000 residents with future growth projections over the next 5 years. Furthermore, Redondo Beach is home to a highly educated and affluent population with median cost of a home at $829,000 and average household incomes of over $128,000.

With a coastline and beaches which rival the most beautiful Mediterranean resorts, Redondo Beach offers visitors and residents a plethora of outdoor activities and attractions. Redondo’s famed Pleasure Pier is a popular site for strolling, shopping and dining, and sport fishing. The city also houses a harbor with many seaside restaurants and cafes and an overall unique and relaxing seaside ambiance. Due to high demands from its growing number of visitors and residents, Redondo Beach projects a retail opportunity gap of over $700 million with the majority of retail segments reflecting need. With its variety of year-round attractions and events, accommodations to fit every style and budget, and shopping opportunities all found in the heart of Southern California, Redondo Beach is a wonderfully fun, easy and safe place to visit and play.

› Average household income of $128,256 and median income of $97,704

› 50% of the population boasts a household income of over $100,000

› Nearly 60% of the city’s population has a bachelor’s degree or higher

› The unemployment rate in Redondo Beach, California, is 4.0%, with job growth of 2.5%. Future job growth over the next ten years is predicted to be 41%

› Hosts annual events which include the Special Olympics, Lobster Festival, and 4th of July Celebration as well as summer concerts on the pier and seaside movies which attract thousands to the city every year

L O C A T I O N O V E R V I E W

D E M O G R A P H I C S1 mile 3 miles 5 miles

Population2000 Population - Census 40,149 233,356 509,4032010 Population - Census 42,778 242,045 524,9332017 Population - Current Year Estimate 44,441 251,488 544,1352022 Population - Five Year Projection 45,726 258,311 558,975 Households2000 Households - Census 15,871 91,625 189,1752010 Households - Census 16,491 92,016 191,0502017 Households - Current Year Estimate 16,960 94,413 195,8582022 Households - Five Year Projection 17,372 96,456 200,1912010-2017 Annual Household Growth Rate 0.39% 0.36% 0.34%2017-2022 Annual Household Growth Rate 0.48% 0.43% 0.44% Average Income2017 Average Household Income $143,584 $126,350 $106,7252022 Average Household Income $160,994 $141,798 $120,030 Median Income2017 Median Household Income $102,515 $85,979 $72,9292022 Median Household Income $112,004 $96,022 $80,773 Housing Units2017 Housing Units 17,606 99,085 205,8042017 Vacant Housing Units 646 3.7% 4,672 4.7% 9,946 4.8%2017 Occupied Housing Units 16,960 96.3% 94,413 95.3% 195,858 95.2%2017 Owner Occupied Housing Units 9,235 52.5% 46,842 47.3% 90,020 43.7%2017 Renter Occupied Housing Units 7,725 43.9% 47,571 48.0% 105,838 51.4% Education Attainment2017 Population 25 and Over 30,916 175,596 372,373High School Diploma 3,354 10.9% 25,146 14.3% 64,406 17.3%Bachelor`s Degree 10,475 33.9% 53,127 30.3% 96,876 26.0%Graduate or Professional Degree 6,187 20.0% 30,698 17.5% 50,580 13.6% Place of Work2017 Businesses 978 10,040 22,9752017 Employees 5,409 102,854 267,222

Street Name Traffic Count Cross Street Year Distance (mi.)

Rindge Ln 12,000 Carnegie Ln 1996 0.17

Grant Ave 17,050 Rindge Ln 2007 0.29

Artesia Blvd 33,280 Green Ln 2007 0.34

Grant Ave 16,470 Green Ln 2007 0.42

Artesia Blvd 35,540 Felton Ln 2007 0.49

Aviation Blvd 39,044 Curtis Ave 2009 0.57

Inglewood Ave 32,989 Mathews Ave 2003 0.6

Inglewood Ave 30,180 Rockefeller Ln 2007 0.63

Ripley Ave 4,350 Felton Ln 2007 0.63

Inglewood Ave 38,100 W 170th St 2003 0.65

Aviation Blvd 32,670 Rockefeller Ln 2007 0.66

Ripley Ave 3,520 Ives Ln 2003 0.68

N Aviation Blvd 40,748 Haley Way 2012 0.68

Inglewood Ave 36,482 Curtis Ave 2003 0.69

S Redondo Ave 2,435 Voorhees Ave 2009 0.69

Ormond Ln 1,785 Aviation Blvd 2012 0.7

Condon Ave 2,512 173rd St 2004 0.72

Condon Ave 2,606 172nd St 2004 0.73

Grant Ave 8,680 Condon Ave 2001 0.75

182nd St 1,520 S Inglewood Ave 2007 0.77

Artesia Blvd 26,814 Dixon St 2009 0.79

Aviation Blvd 31,375 Ford Ave 2012 0.79

T R A F F I C O U N T SStreet Name Traffic Count Cross Street Year Distance (mi.)

Ford Ave 2,605 Aviation Blvd 2012 0.81

Ford Ave 1,682 Wollacott St 2012 0.81

Aviation Blvd 41,991 8th St 2009 0.83

Artesia Blvd 36,850 Kingsdale Ave 2007 0.83

Beland Blvd 2,140 Blaisdell Ave 2007 0.85

Ripley Ave 3,950 Blossom Ln 2007 0.85

Kingsdale Ave 13,106 Grant Ave 2005 0.86

2nd St 3,087 N Herrin Ave 2009 0.86

Inglewood Ave 40,010 164th St 2007 0.86

S Inglewood Ave 17,440 184th St 2008 0.9

Inglewood Ave 37,172 Carlsbad St 1998 0.91

Artesia Blvd 38,940 Kingsdale Ave 2005 0.91

W 166th St 239 Firmona Ave 2000 0.92

Meyer Ln 3,970 Naramore Way 2008 0.93

S Peck Ave 4,709 Voorhees Ave 2009 0.93

Firmona Ave 2,333 167th St 2000 0.93

Inglewood Ave 30,719 W 162nd St 1994 0.94

Firmona Ave 1,917 W 166th St 2000 0.96

N Redondo Ave 3,723 8th St 2009 0.98

Manhattan Beach Blvd 38,730 Rindge Ln 2007 0.98

W 166th St 1,528 Firmona Ave 2003 0.98

© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

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F O R M O R E I N F O R M A T I O N , P L E A S E C O N T A C T :

R E D O N D O B E A C H , C A L I F O R N I A

C AS E Y J A H NAssociateLic. 01875035+1 310 550 2544casey.jahn@cbre.com

C B R E3501 Jamboree Road, Suite 100Newport Beach, CA 92660

2221 Rosecrans Ave., Suite 100 El Segundo, CA 90245

RYA N S H A R P EAssociateLic. 01940376+1 310 893 3397ryan.sharpe@cbre.com