Single tenant Investment – bow truss construction – light industrial – manufacturing facility – long term 30 plus years tenancy with same business – 7 yrs remaining of 10 yr lease with annual inflation fighting cost of living adjustments per local CPI – tremendous upside in value add opportunity upon lease expiration – lowest priced cost per foot in Torrance Industrial Market – recent upgrades include new roof 2023 – electrical box and bathroom (now under construction) – Prime Location on a major commercial corridor with close proximity to the 110, 105 and 405 freeway system – This is a fantastic opportunity to purchase a single tenant investment priced below market values for similar properties. Gross monthly rental is $3,894 (next CPI annual increase – 9/25).
Sale is subject to cancellation of the existing escrow now being terminated.
Sale is subject to cancellation of the existing escrow now being terminated.
Property Details
Price:
$895,000
MLS #:
SB24245307
Status:
Active
Baths:
0
Address:
22593 S S Western Avenue 1
Type:
Commercial
Subtype:
Industrial
Neighborhood:
135southeasttorranceeast
City:
Torrance
Listed Date:
Dec 3, 2024
State:
CA
ZIP:
90501
Year Built:
1953
Schools
Interior
Cooling
None
Heating
None
Laundry Features
None
Exterior
Construction Materials
Stucco
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Fire and Smoke Detection System
Financial
Taxes
$9,845
Map
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22593 S S Western Avenue 1
Torrance, CA
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