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Listed by Michael Talbot • Estate Properties
$895,000
Est. payment /mo
4,653 SqFt
UPDATED:
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
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
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). Sale is subject to cancellation of the existing escrow now being terminated.
Location
State CA
County Los Angeles
Interior
Heating None
Cooling None
Fireplace No
Building
Water Public
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