605-665 Hawaii AveTorrance, CA 90503

Property Details for 605-665 Hawaii Ave

Year built

1963

Lot size

1.50 AC

Property size (Sq ft)

35,956 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

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.

Location Insight

City

Torrance

County

Los Angeles

State

California

Latitude

33.8405

Longitude

-118.338

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