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4135 Pacific Coast Hwy, Torrance, CA 90505

$7,639,600

Description

Investment Highlights:

Strong, Nationally Recognized Tenants with Corporate Leases
•Asset is Leased to well-known and successful Brands
• Wells Fargo: the world’s fourth-largest bank by market capitalization and the third-largest bank in the US by total assets; investment-grade, A- Credit Rating (S&P)
• T-Mobile: ranked #1 in Customer Service Satisfactions by Nielsen in 2017 and was the #1 American wireless carrier in 2015 according to Consumer Reports.
• Both Tenants just exercised a 5-year option period, showing commitment to the location
• 12% Rent Increases in Option Periods for both Tenants

Extremely Dense and Wealthy Area; Superb Location
• Subject property is located within the heart of Torrance, just west of the Zamperini Airport (formerly Torrance Municipal Airport)
• Extremely dense area: over 186,000 residents in the 3-mile and over 429,000 in the 5-mile
• Affluent Area: Average Household Income Exceeds $150,000 within the 1-mile
• The site is located off the signalized corner of Pacific Coast Highway (PCH) and Anza Ave, which boasts excellent traffic counts of ±62,433 VPD
• Pacific Coast Highway is one of the most well-known Highways in all of America and is arguably the most well-known road in all of California
• Asset is caddy-corner to a Sprouts anchored shopping center and adjacent to a CVS and Ross anchored shopping center
• Less than 1.5 miles from the Del Amo Fashion Center – the South Bay’s premier retail destination with over 2.5MM SF of retail space containing over 200 tenants
• Less than 3⁄4 of a mile from the Torrance Memorial Medical Center – a 512-bed, nonprofit medical center with nearly $4 Billion in gross patient revenue; ranked 38th best hospital in the nation and the highest-ranking non-academic hospital in the U.S. (Newsweek)
• Proximity to a number of nationally recognized destinations, including but not limited to: LAX Airport, Port of Los Angeles, Port of Long Beach, Knott’s Berry Farm, Downtown LA, Hollywood, Santa Monica Pier, Dodgers Stadium, Manhattan Beach, Redondo Beach, and the Forum

Property Downloads

Address

  • City: Torrance
  • State/county: CA
  • Country: United States

Detail

Updated on July 15, 2019 at 9:50 pm

  • Price: $7,639,600
  • Garage Size: 33
  • Year Built: 2008
  • Property Type: Retail
  • Property Status: Active

Contact info

Daniel Shieh
Daniel Shieh
(323) 825-5484(310) 990-2131
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