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3730 Pacific Coast Highway Torrance, CA 90505
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Key Details
Sold Price $11,100,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 15,740 sqft
Price per Sqft $705
MLS Listing ID SB19146118
Sold Date 03/26/20
HOA Y/N No
Year Built 2015
Lot Size 1.139 Acres
Acres 1.1389
Property Sub-Type Retail
Property Description
Pride of ownership -2015 build, situated on a prime corner lot with the 90% of building leased (Buildings A, B and C). Located on a high traffic intersection of Hawthorne Blvd and Pacific Coast Highway with a traffic count of approx. 80,000 cars per day. Anchor tenant is Orange Theory Fitness with other major tenant being . Closely located to other major retail stores, shops, restaurants and residential areas. Cap rate is approx. 4.85%.
** 3 spaces totaling 4,258 SF are occupied by Principal(s).
Total Gross Income estimated to be around $654,276
All Leases have at least 3% increases annually and ALL NNN leases.
Operating expenses are completely covered under CAM income.
Location
State CA
County Los Angeles
Area 125 - Walteria
Interior
Laundry None
Building
Lot Description Corner Lot, Lot Over 40000 Sqft
Water Public
Others
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash,Cash To New Loan,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent,Owner,Property Manager
SHOW INSTRUCTIONS Please call listing agents.
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Bought with Re/Max Commercial & Investment