Value-Add Retail Strip Center Investment Opportunity

23811-31 Hawthorne Blvd Torrance, CA 90505

FOR SALE FOR LEASE
Property Type:
Strip Center
Amount:
$7,350,000
Last Verified:
Nov 15, 2022

Highlights


Description

NAI Capital Commercial, Inc. is the exclusive advisor to Ownership in the disposition of the Fee interest of 23811-31 Hawthorne Blvd, Torrance, CA 90505 (the “Property”). The Property consists of a ±15,234 SF building situated on approximately 1.14 acres. The Property is located in the highly sought after South Bay submarket on western side of Hawthorne Blvd, just north of Pacific Coast Hwy, in the City of Torrance, CA. This property presents a rare opportunity for an investor to refresh the building and remerchandise the asset with market rate leases, or a chance for an Owner-User occupancy.

Sylvia Square is located on the west side of Hawthorne Blvd between Pacific Coast Hwy and Lomita Blvd. The strip center features three available suites for lease; 8,000 square feet on the hard corner of the building, and two in-line suites 1,600 and 1,360 square feet, respectively. Sylvia Square has great street exposure from Hawthorne Blvd with a prominent monument sign, and boasts ample drive-up surface parking at a 5:1000 ratio.

23811-31 Hawthorne Blvd is ±16,000 square foot retail strip center situated on 1.14 acres located on Hawthorne Blvd and W 238th St in the City of Torrance, California.


Year Built: 1974
Building Size: 16000sq ft
Lot Size: 1.14 acres

Units for Lease

23811 Hawthorne Blvd
Space Available: 8000 SF
Lease Type: NNN
23821 Hawthorne Blvd
Space Available: 1600 SF
Lease Type: NNN
23825 Hawthorne Blvd
Space Available: 1360 SF
Lease Type: NNN

Map of 23811-31 Hawthorne Blvd, Torrance, CA, 90505

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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."

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