For Sale
$10,250,000

605-665 Hawaii AveTorrance, CA 90503

High-ROI Multi-Tenant Industrial Property

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a 35,956 square foot, multi-tenant industrial warehouse in Torrance, CA. This 1.5-acre property, built in 1963 and renovated in 1988, boasts 6 dock-high doors and an 18' ceiling height. Currently 100% leased with below-market rents, offering immediate cash flow and significant upside potential. Fifty percent of the leases roll over within the first six months, presenting an opportunity to increase rents in a strong market with low vacancy rates (below 2.5%). The property is zoned MP - Industrial Park and offers ample parking (2.5 spaces per 1,000 sq ft). The building's excellent condition and flexible space (units ranging from 5,400 to 35,956 sq ft) cater to a variety of industrial tenants. The asking price is $10,250,000, with a current NOI of $560,224.07. This prime South Bay location provides excellent access to major transportation arteries, making it an ideal investment for long-term growth or redevelopment. The property's strong tenant base and favorable market conditions make it a compelling investment opportunity in one of Southern California's most desirable industrial submarkets. APN: 7352-010-003.

Highlights

  • High-image, 35,956 SF multi-tenant industrial building in the desirable South Bay submarket of Southern California.
  • 100% leased with below-market rents; 50% lease rollover in the first six months offers strong value-add potential through rent increases or redevelopment.
  • Strong industrial market with sub-2.5% vacancy and limited competition provides excellent cash flow growth opportunities.
  • Excellent condition; features six dock-high positions and can accommodate tenants from 5,400 SF to 35,956 SF.
  • Price: TBD
  • 35,956 SF multi-tenant industrial building.

Property Details for 605-665 Hawaii Ave

Property type
Warehouses, Industrial properties
Square Feet
35,956 SF
Year Built/Renovated
1963/1988
Buildings
1
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Torrance
County
Los Angeles
State
California
Latitude
33.8405388
Longitude
-118.3378512
605-665 Hawaii Ave, Torrance, California

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605-665 Hawaii Ave
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