For Sale

Coldwell Banker Commercial BLAIR WESTMAC | 333 W. Broadway, Ste. 312 | Long Beach, CA 90802 | 562.495.6070 | 562.495.6072 - fax | www.cbcblair.com | BRE#: 01330395

1002S. Gaffey St.

25,710 SF Three-Story Retail/Office Property On A 9,001 SF Lot

DISCLAIMER AND CONFIDENTIALITYColdwell Banker Commercial BLAIR WESTMAC (“Broker”), exclusive marketing representative of the ownership of 1002 South Gaffey Street in San Pedro (“Seller”), is solely authorized to present this property investment offering (the “Offering”).

Prior to submitting an Offer to Purchase 1002 South Gaffey, San Pedro, California 90731 (the “Property”), interested parties should perform and rely upon their own investigations, analyses, estimates and projections and otherwise satisfy any concerns regarding material aspects of the proposed transaction including, but not limited to, legal, municipal, environmental, operational, seismic, financial and physical issues, and all other matters affecting or pertaining to the Property. The Seller will be offering the Property, solely on an “As Is, Where Is” basis, without any representations or warranties. No person, including Broker, is authorized to make any representations or warranties on behalf of the Seller regarding the Property. Any and all information regarding the Property provided to any interested party by the Seller or Broker, including all information contained in the Offering, is provided without any representation or assurance, expressed or implied, regarding the accuracy, completeness or current status of applicability of such information. Each interested party is expected to undertake such reviews and investigations and make such inquiries as such party may believe to be necessary, appropriate or advisable for the purpose of forming a decision to make an offer to acquire the Property.

The material contained herein is confidential and is presented strictly as information for the exclusive use of the prospective purchaser. Receipt and review of this Offering by the prospective purchaser constitute an agreement not to divulge, share or distribute the information to any other party, except the prospective purchaser’s legal counsel and financial advisors, without the prior specific written authorization of the Seller or Broker. Each prospective purchaser shall also agree to and comply with the provisions of the Confidentiality Agreement executed by such prospective purchaser as a condition to the receipt of this Offering.

This Offering is submitted subject to errors, changes, omissions, changes in price, market and other conditions. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that prospective purchasers may desire. It should be noted that any and all market analyses, estimates and projections contained in this Offering are provided for general reference purposes only and are based on assumptions related to the general economy, competition, real estate market trends, and other factors beyond the control of the Seller or Broker. Such analyses, estimates and projections are therefore subject to material variation, and may not be consistent with the views or assumptions held by other professionals.

© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by

Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates

INTRODUCTIONLocated directly on the corner of 10th and Gaffey Street, this three story building offers great visibility and high traffic counts. The ground floor consists of six separate retail units with the potential for retail and office to be located upstairs. The building consists of approximately 25,710 SF on approximately 9,001 SF of land. The building is currently vacant and there is opportunity for repositioning. New developments with San Pedro and especially with Ports O’ Call make the property location ideal for any new buyer.

Building has two cell phone towers on the roof (Metro PCS & AT&T) which generate close to $2,500/month in income.

PROPERTY INFORMATION1002 S. Gaffey StreetSan Pedro, California 90731

$6,500,000 ($252.81/SF)

7454-013-001

25,710 SF

9,001 SF

1925

LAC2

Three (3)

Address

Asking Price

APN

Building Size

Lot Size

Year Built

Zoning

No. of Floors

As of 12.21.17

© 2016 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

All information is deemed reliable but not guaranteed. Corporate BRE# 01330395.

PARCEL MAP

9th St.

10th St.

Ga

ffe

y S

t.

Gra

nd

Av

e.

As of 12.21.17

1002 S. GAFFEY STREET

Neighborhood Summary

The subject property is located at 1002 South Gaffey Street in San Pedro California located on the corner of Gaffey and 10th Street. The immediate area surrounding your property is retail, residential, and service oriented type businesses.

The building totals approximately 25,710 square feet (SF) on approximately 9,001 square feet (SF) of land. The building is currently vacant. Current market conditions are continuing to improve and new developments in San Pedro especially based on the new plans for Ports O’ Call have begun attracting new business, creative users and visitors.

Gaffey Street makeover

• San Pedro Exit Park: The vacant parcel next to the northbound 110 Freeway on-ramp on Gaffey will begin its transformation in the third quarter of this year. Included will be landscaping, lighting, and the flags of Los Angeles’ 25 sister cities illuminated at night. Construction should take four to six months.

• A new Starbucks: Still only in the negotiating stage, a drive-through is planned at Ninth and Gaffey to replace TC’s, a corner bar. The Starbucks at Fifth and Gaffey would continue to operate.

• Jack-in-the-Box: A remodel of the fast-food restaurant at 600 S. Gaffey St. has received approvals from the city’s Zoning Administration. Design plans are expected to be approved by late summer or early fall, with construction starting late this year. The Chinese restaurant on the east end of the property at Sixth and Gaffey would be removed so that Jack-in-the-Box could expand to include more landscaping, lighting and outdoor seating.

Gaffey was one of six streets named by Los Angeles Mayor Eric Garcetti in 2014 for his Great Streets Initiative, a proposal to remake some of the city’s most heavily used corridors. Expected to cost some $7 million, the makeover of Gaffey will include new landscaping, mini medians, bulb-outs at corners, outdoor seating, pedestrian-level street lighting, decorative pavers, tree canopies and improved bus and transit shelters.

Excerpts provided by Daily Breeze - Donna Littlejohn

San Pedro’s new $100 Million waterfront makeoverDevelopers rolled out plans for a new Ports O’ Call, unveiling a new name — San Pedro Public Market — and a more authentic wharf-and-warehouse look reminiscent of San Francisco’s successful waterfront.

The first phase of the ambitious $100 million waterfront makeover is slated to be finished in 2020, officials said.

The hub of the first phase will be 16 acres and 150,000 square feet of restaurants, shopping, fresh markets, boutique-style office space and more than a half-mile of waterfront promenade.

There will also be a “discovery sea park,” event space and attractions — possibly a Ferris wheel, a carousel and other interactive “seaside adventures” for families — along with an outdoor amphitheater. Some kind of amphibian-vehicle ride attraction also has been discussed as a possibility.

And pleasing local historians, San Pedro’s historic Red Car will make a return. In a fashion similar to the line installed at The Grove in the Fairfax District, the Red Car will carry visitors up and down the project’s linear footprint. The trolley plans received some of the most enthusiastic applause at the Warner Grand unveiling.

A fleet of rubber-tire trolleys also is planned to carry passengers throughout the wider waterfront and downtown San Pedro area. A bike-share program is contemplated as well.

The project, Buscaino said, is designed to showcase the “history, charm and flavor” of San Pedro. But it also will showcase the international connections that intertwine at one of the world’s busiest shipping container ports.

THE SAN PEDRO PUBLIC MARKET

Images and story provided by Daily Breeze - Donna Littlejohn

Gaffey Street

10th St.

9th St.

1002 S. gaffey St.san pedro, ca 90731

San Pedro Regional Branch

Library

AERIAL MAP

Pacific Ave.

Gaffey St.

Shepard St.

Ports O’ Call

FOR MORE INFORMATION:

BECKY BLAIR, CCIMPresident & Principal562.301.4515 | BBlair@cbcblair.comBRE#: 00630793

SHEVA HOSSEINZADEHAssociate Vice President562.400.5949 | Sheva@cbcblair.comBRE#: 01922147

COLDWELL BANKER COMMERCIAL BLAIR WESTMAC333 W. Broadway, Suite 312, Long Beach, CA 90802562.495.6070 | www.cbcblair.comCompany BRE#: 01330395

1002S. Gaffey st.

san pedro, CA 90731