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Sold Date8/11/2021
Closed

945 S Prairie AvenueInglewood, California CA90301-7554

Listing IDSB20030072

8,357 SqFt

$3,300,000

The subject property is a commercial retail center in the heart of Inglewood’s Entertainment District. The property is located at 945 South Prairie Avenue, across from the main entrance to the new $5 Billion SoFi Stadium which will be completed in 2020. The improvements consist of 8,357 square feet of gross building area within 2 stories on a 16,912 square foot parcel zoned C2. There are 14 suites. There is tremendous upside in this investment offering with a CAP rate pf 6%+ on stabilized NOI at market rents. The property could also be developed in an assemblage with an adjacent parcel on Prairie that is approximately 1 acre. The location across from the SoFi Stadium, and the Hollywood Park Mixed-Use Entertainment Complex provides a unique opportunity to acquire a property along the main boulevard of Inglewood’s path of redevelopment.
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