Bolour Associates Sells Beachfront Retail Portfolio in Hermosa Beach, California for $33.5M

Beachfront Hermosa Beach retail strip and rental units sell for $33.5M

The retail space was 88% occupied at the time of sale.

Bolour Exits Long-Term Hold on Hermosa Beach Mixed-Use - Connect CRE

Bolour Associates Inc. completed the $33.5-million sale of a mixed-use beachfront portfolio totaling nearly one acre of land and 415 feet of beach frontage along The Strand and Pier Avenue in Hermosa Beach. The disposition marks the culmination of a long-term strategic assemblage, renovation and lease-up for 18,551 square feet of retail on the Hermosa Beach Strand and Pier, and 3,807 square feet in nine adjacent short-term rental units. Bolour p…

Bolour Associates Sells Beachfront Retail Portfolio in Hermosa Beach, California for $33.5M

HERMOSA BEACH, CALIF. — Bolour Associates has completed the $33.5 million sale of a beachfront retail portfolio in Hermosa Beach. Situated on nearly one acre, the asset is located at 11-29 Pier Avenue and 1250-1272 The Strand. At the time of sale, the property was 88 percent occupied by beach-centric tenants, including Hermosa Cyclery, Oakberry, Hermosa Beach Trading Co., Waves, Playa Hermosa Fish & Oyster and Heavenly Couture. Tim Kuruzar, Brya…