Log In/Sign Up
Your email has been sent.
240 Center St 14,350 SF 100% Leased Office Building El Segundo, CA 90245 $10,881,881 CAD ($758.32 CAD/SF) 6% Cap Rate
Investment Highlights
- Prime corner lot location in the center of El Segundo, one mile from the ocean.
- Positioned along a major east-west thoroughfare with excellent visibility and accessibility.
- Convenient access to Pacific Coast Highway, I-105, I-405, and Los Angeles International Airport.
- Fully leased to long-term tenants, including a veterinarian and specialty retail business.
- Located in a business-friendly city known for aerospace, tech, and entertainment industries.
- Strong investment fundamentals with a 6% cap rate and stable income stream.
Executive Summary
This fully leased investment property at 240 Center Street offers a rare opportunity to acquire a stabilized asset in the heart of El Segundo, one of Los Angeles’ most business-friendly coastal cities. The two-story, 14,350-square-foot building sits on a prominent 0.47-acre corner lot along a primary east-west corridor, just one mile from the Pacific Ocean. Zoned M1, the property combines long-term tenancy with strong income stability, featuring a well-established veterinarian occupying the upper level and a sports memorabilia retailer on the ground floor.
El Segundo is a thriving hub for Fortune 500 companies, aerospace leaders, and entertainment firms, making it a magnet for both corporate and creative industries. The property benefits from excellent connectivity to Pacific Coast Highway, I-105, and I-405, as well as close proximity to Los Angeles International Airport. The city’s walkable downtown, vibrant dining scene, and proximity to major sports and entertainment venues—including the future home of the LA Clippers and Topgolf—enhance the long-term desirability of this location.
The combination of a prime coastal location, strong tenant mix, and limited supply of comparable properties makes this an exceptional opportunity for 1031 exchange buyers or investors seeking a stable, income-producing asset in the South Bay market.
El Segundo is a thriving hub for Fortune 500 companies, aerospace leaders, and entertainment firms, making it a magnet for both corporate and creative industries. The property benefits from excellent connectivity to Pacific Coast Highway, I-105, and I-405, as well as close proximity to Los Angeles International Airport. The city’s walkable downtown, vibrant dining scene, and proximity to major sports and entertainment venues—including the future home of the LA Clippers and Topgolf—enhance the long-term desirability of this location.
The combination of a prime coastal location, strong tenant mix, and limited supply of comparable properties makes this an exceptional opportunity for 1031 exchange buyers or investors seeking a stable, income-producing asset in the South Bay market.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
14,350 SF
Building Class
B
Year Built
1979
Price
$10,881,881 CAD
Price Per SF
$758.32 CAD
Cap Rate
6%
NOI
$652,913 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,175 SF
Building FAR
0.70
Lot Size
0.47 AC
Zoning
M1, El Segundo - Industrial
Parking
20 Spaces (1.39 Spaces per 1,000 SF Leased)
Amenities
- Signage
Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 4139-005-063 | Improvements Assessment | $842,219 CAD |
| Land Assessment | $751,043 CAD | Total Assessment | $1,593,262 CAD |
Property Taxes
Parcel Number
4139-005-063
Land Assessment
$751,043 CAD
Improvements Assessment
$842,219 CAD
Total Assessment
$1,593,262 CAD
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
240 Center St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.