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Listed by Michael Talbot • RE/MAX Estate Properties
$ 895,000
Est. payment /mo
Active
22593 South Western South Avenue Torrance, CA 90501
UPDATED:
12/08/2024 09:32 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-24245307
Year Built 1953
Annual Tax Amount $9,845
Property Description
Single tenant Investment - bow truss construction - light industrial - manufacturing facility - long term 30 plus years tenancy with same business - 7 yrs remaining of 10 yr lease with annual inflation fighting cost of living adjustments per local CPI - tremendous upside in value add opportunity upon lease expiration - lowest priced cost per foot in Torrance Industrial Market - recent upgrades include new roof 2023 - electrical box and bathroom (now under construction) - Prime Location on a major commercial corridor with close proximity to the 110, 105 and 405 freeway system - This is a fantastic opportunity to purchase a single tenant investment priced below market values for similar properties. Gross monthly rental is $3,894 (next CPI annual increase - 9/25).
Location
State CA
County Los Angeles
Zoning TOM1
Interior
Heating None
Cooling None
Laundry None
Exterior
Utilities Available Sewer Not Available, Cable Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Utilities - Overhead, Yard, Level, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Rectangular Lot