Just Listed – 3,800 Sq Ft Single-Tenant Retail Building

Just Listed – 3,800 Sq Ft Single-Tenant Retail Building

Lyon | Stahl is proud to present this unique opportunity to own a 3,800 SF Single-Suite Commercial Retail Building.
Located at 22307 Ocean Ave in Torrance, this is a prime location right off of Sepulveda Blvd.

Listed at $1,500,000, this building was built in 1960, has a GRM of 17.86, and a cap rate of 5.60%.
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This property features 7 parking spaces along the side of and behind the building as well as a fully operational loading dock.
The building is equipped with a brand-new Daikin Heat Pump and Gas Furnace.
The property is currently undergoing various upgrades including new drywall and paint.
The previous tenant was an Electronics Store with a NNN lease.
It is currently vacant, ready for lease for $7,000/month and/or purchase for $1,500,000.


Investment Highlights:

●3,800 Rentable Sq. Ft. Situated on a 7,488 Sq. Ft. Lot
●Zoned C2 – General Commercial.
●Prime Location on Ocean Ave, right off Sepulveda Blvd.

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City Overview: 

Torrance is a city in the South Bay region of Los Angeles County bordered by Redondo Beach, Palos Verdes Estates, Rolling Hills Estates, Gardena, and Lawndale. Torrance is known for its low crime rates, consistently ranking among the safest cities in LA County.

The median price of homes currently listed in Torrance is $775,000 and Torrance real estate values have gone up 6.6% over the past year.

One of the largest malls in the United States, Del Amo Fashion Center, is in Torrance along with the headquarters of Honda, King’s
Hawaiian, and simplehuman. In addition to its corporate presence, there is a strong emphasis on small business in the community: Torrance has been ranked in the top 3 cities in California for small businesses.

 

 

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