Fully Leased Triple Net Investment Sale

23805 Hawthorne Blvd Torrance, CA 90505

FOR SALE
Property Type:
Free Standing Building
Amount:
$7,850,000
Last Verified:
Sep 28, 2022

Highlights

  • Incredible South Bay Location - Located in the highly desirable South Torrance area, in the City of Torrance, adjacent to Palos Verdes, and Redondo Beach cities and surrounded my high-end homes, offices, retail establishments and two major hospitals.
  • Long History of Ownership - The property has been owned by same entity for over 30 years who developed it in 2012 presenting a new to market opportunity unseen by local investors that will garner tremendous attention.
  • Spacious 48,221+/- Square Foot Lot (193’ X 249.9’) with 12,412+/0 SF of building and 41 parking spaces plus playground area with great signage and visibility on Hawthorne Boulevard.
  • Fully leased asset with long term tenants and market rent triple net leases.
  • Access to Amenities - Walk Score of 81- Located few buildings North of Pacific Coast Highway and Hawthorne Boulevard signalized intersection in Torrance.
  • Walking/biking distance to parks, restaurants, offices, retail, etc. minutes to famous Del Amo Fashion Regional Center.
  • Unlimited amenities, and three miles to Torrance Beach.
  • This property could be purchased separately or together with 23811-31 Hawthorne Blvd. Torrance which could create opportunity to develop a mixed-use project.

Description

NAI Capital Commercial, Inc. is the exclusive advisor to Ownership in the disposition of the Fee interest of 23805 Hawthorne Blvd, Torrance, CA 90505 (the “Property”). The Property consists of a 12,412 SF single-story building situated on approximately 1.11 acres. The Property is located in the highly sought after South Bay submarket on the south western corner of Hawthorne Blvd and W 238th St in the City of Torrance, CA. The Mediterranean-style property was recently constructed in 2012 and 100% occupied with two tenants on NNN leases. The weighted average lease term is 7.92 years. Drive By Only; Please do not disturb Tenants.

23805 Hawthorne Blvd is a recently constructed ±12,412 square foot Mediterranean-style building situated on 1.11 acres on the south western corner of Hawthorne Blvd and W 238th St in the City of Torrance, California.


Year Built: 2012
Building Size: 12412sq ft
Lot Size: 1.11 acres

Map of 23805 Hawthorne Blvd, Torrance, CA, 90505

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.