Gardena Gateway Center
Retail | 65,987 SqFt
Marketing description
CBRE, Inc.'s National Retail Partners-West, as the Exclusive Advisor, is pleased to offer the opportunity to acquire Gardena Gateway Center, a grocery-anchored neighborhood shopping center located along Artesia Boulevard in Gardena, California, one of Southern California's most diverse and densely populated infill markets.
Gardena Gateway Center comprises approximately ±65,987 square feet and is 100% occupied, anchored by a leading Asian grocer and supported by a well curated mix of national and service oriented tenants that drive consistent, necessity based traffic. The property benefits from ±900 feet of prominent frontage along Artesia Boulevard (±57,000 CPD) with additional access from Normandie Avenue (±22,200 CPD), offering excellent visibility and convenient ingress and egress. Proximity to both the I-110 and I- 405 further enhances access and allows the center to draw from a broad regional trade area across the South Bay and Central Los Angeles.
The tenant lineup includes 99 Ranch Market, Daiso Japan, Chase Bank, AT&T, McDonald's, and 85°C Bakery Café, creating a synergistic retail environment that serves the surrounding community's daily needs. With its infill location, durable tenant base including a desirable specialty grocer and income growth, Gardena Gateway Center represents a compelling opportunity to acquire a high quality neighborhood retail asset in a supply constrained Southern California market.
Investment highlights
- Premier Specialty Grocery Anchored Shopping Center – Gardena Gateway Center is a ±65,987 SF, 100% occupied, neighborhood shopping center anchored by a high-performing 99 Ranch Market and featuring a diverse, top tier tenant mix generating meaningful "daily needs" trips
- 99 Ranch Market is the largest Asian supermarket chain in the U.S. and the largest retailer specializing in Chinese and Taiwanese products, founded in 1984 and operating 60+ locations nationwide. It is widely recognized for its authentic Asian groceries, fresh produce and seafood, and a strong assortment of everyday essentials alongside select Western offerings
- Complementary Tenant Mix – The center is supported by synergistic grocery, food, beverage, financial, and service oriented tenants including Daiso Japan, Chase Bank, AT&T, McDonald's, and others, collectively serving the needs of the surrounding trade area
- High Performing Tenancy – Over 75% of the GLA reports sales, including national and regional tenants, 99 Ranch Market, Daiso Japan, and 85°C Bakery Café, combined averaging $527+ PSF in sales, underscoring strong tenant health, sustained foot traffic, and long term rent durability
- Historically Stable, Long-Term Occupancy – Approximately, ±53,362 SF (81% of GLA) has been occupied for 10+ years, and ±26,200 SF (40% of GLA) for 30+ years, underscoring strong tenant retention, operational stability, and long standing commitment to the site
- Below Market Rents – Current in place lease rates are approximately ~20% below prevailing market rents property wide, providing investors with meaningful upside through lease rollover and rent growth
- Improving Returns – Due to embedded rental increases, the Net Operating Income is expected to increase approximately $861,000 (42%) over the expected hold period, enhancing long term return potential
- Significant Frontage, Tremendous Visibility and Signage – Gardena Gateway Center benefits from ±900 feet of prominent frontage along SR-91 (±57,000 CPD) with convenient access from Normandie Avenue (±22,200 CPD) and W Cassidy Street. The property is strategically located within a half mile of both the I-110 and I-405, providing regional connectivity and ease of access
- High Identity Daytime Population & Employment Base – The property serves over 220,630 daytime residents and employees drawn from 7 million SF of office and 8.1 million SF of retail within 3 miles
- Diverse, Dense Trade Area with Regional Draw – Located in one of Southern California's most diverse and densely populated communities, Gardena Gateway Center attracts a broad regional customer base from surrounding South Bay and Central Los Angeles submarkets via SR 91 and major freeway access
- Pride of Ownership Asset – "Trophy" neighborhood shopping center asset in a core location of a suburban Gardena community with tremendous visibility along SR-91
- Institutional Quality Improvements – Gardena Gateway Center has been professionally managed and leased, providing the utmost care to the property and tenants
- No Existing Financing – Gardena Gateway Center is being marketed free and clear of existing financing, allowing a potential purchaser an opportunity to customize debt to achieve optimal returns
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