General Retail For Sale • 98,590 SF
| Rare opportunity to acquire an extensively remodeled asset with a significant value creation opportunity. |
| Extensive remodel was completed on Peter’s Landing in 2020, with approximately $14 million in capital improvements. |
| Founded in 1978, Mother’s Market & Kitchen is one of Southern California’s most popular organic grocery stores. |
| Diverse income stream with approx. 62% of the rental revenue derived from retail/service tenancy and approximately 32% from office tenancy. |
| Peter’s Landing offers second-level office suites with both marina and ocean-facing configurations. |
| Surrounding area has average household incomes of $161,379 and $133,338 within a 1 and 3 mile radius of the property. |
| Cap Rate: | 6.75 % |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Long Beach (Daugherty Field) | 18 min | - | 12.2 mi |
| John Wayne/Orange County | 22 min | - | 13.5 mi |
| Los Angeles International | 41 min | - | 31.0 mi |