4135 Pacific Coast Hwy, Torrance, CA 90505

  • $7,190,000

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

Address

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

Details

Updated on August 13, 2019 at 10:58 pm
  • Price: $7,190,000
  • Garage Size: 33
  • Year Built: 2008
  • Property Type: Retail
  • Property Status: Active

Overview

  • Retail
  • Property Type
  • 2008
  • Year Built

Contact Information

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