For Lease
$27/SF/YR

23401 Western AveTorrance, CA 90501

1600 SF End Cap, High Traffic Area

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1,600-square-foot retail storefront is ideally situated on Western Avenue in Torrance, California, a major thoroughfare boasting an impressive daily traffic count of approximately 32,159 vehicles. The property, a single-tenant space within a one-story building in Los Angeles County (zip code 90501), benefits from excellent visibility and convenient on-site parking. Recently renovated, the space features a clean, open layout, new HVAC, updated storefront glass, a new electrical panel, and an ADA-compliant bathroom. This turnkey opportunity is ready for immediate occupancy. The surrounding area demonstrates strong market performance, with 79,000 square feet of net absorption in the past year and average annual rental rate gains of 2.2% over the last three years. While recent transaction volume ($91.7 million in the past 12 months) is below historical levels, the submarket shows positive momentum with 410,000 square feet of retail space currently under construction. Despite a delay in a large-scale project (Los Angeles Premium Outlets), the market is projected for continued growth. Current market retail asset pricing averages $400 per square foot, approximately 10% below Greater Los Angeles averages. This presents a compelling opportunity for businesses seeking a well-located, updated retail space in a thriving market.

Highlights

  • 1,600 SF Retail Space
  • Negotiable Lease Term
  • $27/SF/Year Rental Rate
  • Full Build-out, Recently Renovated (HVAC, Electrical, ADA Bathroom, Storefront)
  • Available Immediately
  • End-Cap Unit in Excellent Condition, Formerly Auto Parts Store

Property Details for 23401 Western Ave

Property type
Retail properties, Grocery and convenience stores
RSF (Rentable sq. ft)
1,600 SF
Stories
1

Unit(s) available at that property

Space
Available Space
Size
1,600 SF
Rate per SF
$27

Location Insight

City
Torrance
County
Los Angeles
State
California
Latitude
33.81291257
Longitude
-118.3089802
23401 Western Ave, Torrance, California

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Contacts

Caroline Taicher
Caroline Taicher
Simon Mattox
Simon Mattox
Visit Broker Website

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23401 Western Ave, Torrance, California, 90501

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

23401 Western Ave
  • Caroline Taicher
    Caroline Taicher
  • Simon Mattox
    Simon Mattox
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