Hermosa Courtyard

• Irreplaceable Hermosa Beach Location — Prime position along Hermosa Avenue within the city’s core restaurant, nightlife and retail district, benefiting from exceptional walkability, coastal demographics and year-round visitor traffic.
• 91% Occupied with Durable In-Place Income — The Property is 91% occupied, providing an established income base while maintaining a manageable amount of vacancy and leasing opportunity.
• Embedded Rent Growth Through Lease Rollover — A meaningful portion of the tenancy is scheduled to expire over the next three years, creating a defined opportunity to capture below-market rents and mark leases to current market levels as they roll.
• Immediate Leasing & Tenant Repositioning Upside — Ownership can strategically reposition select spaces and tenants, improve tenant quality, reduce reliance on key-money transactions and increase rental income through targeted leasing efforts.
• Rare Coastal Value-Add Opportunity — The combination of a highly walkable Hermosa Beach location, 91% occupancy, below-market in-place rents and near-term lease rollover provides a clear path to enhance NOI and create long-term value in a difficult-to-replicate coastal market.