Commercial for Sale – 3730 Pacific coast highway, Torrance, CA 90505, US -001-11-30T00:00:00-08:00
Pride of ownership -2015 build, situated on a prime corner lot with the whole building currently leased (Buildings A, B and C). Located on a high traffic intersection of Hawthorne Blvd and Pacific Coast Highway with a traffic count of approx. 80,000 cars per
3730 Pacific coast highway, Torrance, CA 90505, US
$13,999,000 USD
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Address3730 Pacific coast highway, Torrance
Property SubtypeRetail
Price$13,999,000
Price Changed11.95% (-$1,901,000, 46 days ago)
Property TypeCommercial Sale
Year Built2015
Bedrooms Total0
Living Area15,740 ft2
Listing IDSB19004264
StatusActive
Parcel Number7534001012
Special ConditionsStandard
Days on Market137

Detailed Description: Pride of ownership -2015 build, situated on a prime corner lot with the whole building currently leased (Buildings A, B and C). Located on a high traffic intersection of Hawthorne Blvd and Pacific Coast Highway with a traffic count of approx. 80,000 cars per day. Anchor tenant is Orange Theory Fitness with other major tenant being. Closely located to other major retail stores, shops, restaurants and residential areas. Cap rate is approx. 3.75%. ** 3 spaces totaling 4,258 sq.ft are occupied by Principal (s). Total Gross Income estimated to be around $621,912 All Leases have at least 3% increases annually and ALL NNN leases. Operating expenses are completely covered under CAM income.

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Address Information
Address3730 Pacific coast highway, Torrance
CityTorrance
Location (MLS Area)125 – Walteria
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90505
CountryUS
Financial Information
Price Changed-11.956%
Previous Price$15,900,000
Price per Square Foot$889.39
Special ConditionsStandard
Professional Management Expense$34,657
Operating Expense$186,117
Insurance Expense$3,863
Electric Expense$12,331
Water Sewer Expense$12,331
Trash Expense$12,758
Maintenance Expense$1,583
Other Expense$13,272
Gross Scheduled Income$621,912
Net Operating Income$525,114
Real Estate Tax Expense$78,190
Tax Year2000
Full Descriptions
Parcel Number7534001012
Detailed DescriptionPride of ownership -2015 build, situated on a prime corner lot with the whole building currently leased (Buildings A, B and C). Located on a high traffic intersection of Hawthorne Blvd and Pacific Coast Highway with a traffic count of approx. 80,000 cars per day. Anchor tenant is Orange Theory Fitness with other major tenant being. Closely located to other major retail stores, shops, restaurants and residential areas. Cap rate is approx. 3.75%. ** 3 spaces totaling 4,258 sq.ft are occupied by Principal (s). Total Gross Income estimated to be around $621,912 All Leases have at least 3% increases annually and ALL NNN leases. Operating expenses are completely covered under CAM income.
Water SourcePublic
Laundry FeaturesNone
SignageSign on Building
Property parameters
Year Built2015
Living Area (Sq.Ft.)15,740 ft2
Lot Size SourceAssessor
Number of Buildings3
Asset ClassOffice, Retail
Water SourcePublic
Land Usage DescriptionOffice, Retail
Property SubtypeRetail
Building StatusExisting
Year Built SourceBuilder
Accounting TypeActual
Cap Rate (For Cash Payment Only)3.75
Listed withRAJU CHHABRIA (Chhabria Real Estate Company)