For Sale
$3,150,000

2515 Carson StTorrance, CA 90503

Highly desirable, 100% occupied retail center.

Overview

Added:
Dec 11, 2024
Days on market:
114
Torrance Plaza, a single-story, 6,644 square foot shopping center and storefront property located at 2515 W Carson St, Torrance, CA 90503 (APN 7362-033-056), presents a compelling investment opportunity. This fee simple, stabilized investment boasts a 100% occupancy rate with a diverse mix of six tenants, including food, liquor, spa, and fitness businesses, all operating under NNN leases. The property generates a strong net operating income (NOI) of $170,459, with a pro-forma NOI of $175,017, resulting in a current cap rate of 5.41% and a pro-forma cap rate of 5.56%. Built in 1992 on a 0.49-acre lot, the center offers ample parking with 35 spaces, exceeding a 5:1 parking ratio. Its prime location at a high-traffic intersection (over 38,000 cars daily) ensures high visibility and accessibility. The property benefits from a strong demographic base, with over 214,000 residents within a 3-mile radius. This multi-tenant retail center offers significant upside potential due to its desirable location and current lease structures. The asking price is $3,150,000, translating to a price per square foot of $474.11. This is a rare opportunity to acquire a highly desirable, fully leased retail center in a sought-after South Bay location.

Highlights

  • Rare Torrance Multi-Tenant Retail Center: Highly desirable, fully leased strip center in a sought-after South Bay location offering long-term stability and growth potential.
  • 100% Occupied Investment: Fully leased shopping center generating consistent annual cash flow.
  • Excellent Fundamentals: Six suites with complementary uses (food, liquor, spa, fitness) and long-operating tenant history.
  • NNN Leased Investment: Tenants responsible for all operating expenses (taxes, insurance, maintenance, CAM).
  • Significant Upside Potential: Desirable location and current lease structures offer value-add opportunities.
  • Ample Parking: 35 spaces, exceeding a 5:1 parking ratio.

Property Details for 2515 Carson St

Property type
Lifestyle centers, Power centers
Square Feet
6,644 SF
Year Built
1992
Buildings
1
Stories
1
Lot Size (sq. ft)
21,344 SF

Location Insight

City
Torrance
County
Los Angeles
State
California
Latitude
33.8317746
Longitude
-118.3294103
2515 Carson St, Torrance, California

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2515 Carson St
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