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Listed by Michael Talbot • Estate Properties
$895,000
Est. payment /mo
Active
22593 South Western South Avenue Torrance, CA 90501
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-24245307
Year Built 1953
Annual Tax Amount $9,845
Property Sub-Type Industrial
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
Area South East Torrance - East
Zoning TOM1
Interior
Heating None
Laundry None
Exterior
Utilities Available Sewer Not Available, Cable Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Utilities - Overhead, Yard, Level, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Rectangular Lot
Others
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