Office Building Appraisal in Manhattan Beach

We recently just appraised an office building located in Manhattan Beach, Los Angeles County, California. The building is located along Manhattan Beach Boulevard just west of State Route 1. This is a heavily trafficked area with reported traffic volume of over 23,000 vehicles per day along Manhattan Beach Boulevard and 58,000 vehicles per day along State Route 1. The building is 100% occupied by one tenant. The building was constructed in 1953. The property totals 4,380 square feet and is situated on a 0.36-acre site. This commercial appraisal was conducted for a national financial institution.