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Active
22593 S Western Avenue Torrance, CA 90501
4,653 SqFt
UPDATED:
12/08/2024 09:14 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,653 sqft
Price per Sqft $192
MLS Listing ID CRSB24245307
HOA Y/N No
Year Built 1953
Lot Size 0.273 Acres
Acres 0.27
Property Description
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).
Location
State CA
County Los Angeles
Area Listing
Zoning TOM1
Interior
Heating None
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Other, Cable Connected
Building
New Construction No
Others
Tax ID 7357030004
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Listed by Michael Talbot • RE/MAX Estate Properties