Harbor Village
Shopping Center
Coastal San Pedro, CA
100% LEASED | HIGH VISIBILITY | 6 % CAP |$9,000,000
Harbor Village is a high profile investment opportunity in San Pedro, CA. This single and double story retail and office space shopping center was built in 1962 and 1963 across a 1.587 acre parcel just minutes to the water.
The fully leased neighborhood retail and office center is home to 21 locally known tenants, including Sorrento’s, Prontos, South Shores Meat Shop, Happy Diner, Mail ‘n Ship Express, San Pedro Chiropractic Center, and South Shores Pet Clinic. These tenants contribute to a stable and consistent income stream for investors and allow the new owner to utilize the current cash flow. Current tenants take advantage of the center’s high visibility from the 2 pylon signage, 3 entry points, the convenient 88 space on-site parking and the immediately adjacent Starbucks, Rock ‘N Juice, and Mobil gas station. Site includes dry cleaner, present since its inception. Upon agreement of confidentiality, Seller will provide potential buyers with all data from Site sampling in its possession and provide a credit for remediation.
The property enjoys maximum visibility and accessibility, thanks to its location at a signalized corner. This prime positioning ensures a steady flow of potential customers, enhancing the potential for long-term retail success. The commonly traveled cross area is at the gateway of both San Pedro and Rancho Palos Verdes, visible to over 25,300 vehicles daily, and used as a daily ingress and egress route to the 110 Freeway.
The center has a Walk Score of 69 and is within walking distance or within a couple of miles miles to a unique blend of shops, restaurants, supermarkets, entertainment, the Trump National Golf Club, hiking, White Point Beach, concerts and food festivals at nearby Point Fermin Park, and soon to come, the LA Waterfront Promenade in San Pedro. This unique center services Rancho Palos Verdes and San Pedro’s South Shores, including adjacent Air Force Base housing, and single family and multidwelling homes, making this an ideally located retail and office center. With the ongoing development and revitalization of the San Pedro area, investors have the opportunity to capitalize on the growth potential of this dynamic market. For additional information, including rent roll, expenses, and Offering Memorandum, please contact: Clara Duran Reed, The Duran Reed Firm (310) 519-7670.