Los Angeles, Commercial for Sale – 3730 Pacific Coast Hwy, Torrance, CA 90505, USA -001-11-30T00:00:00-08:00
Pride of ownership -BRAND NEW building situated on a prime corner lot with the whole building currently leased (Buildings A, B and C). Located on a very busy intersection of Hawthorne Blvd and Pacific Coast Highway with high traffic count of approx. 80,000 c
3730 Pacific Coast Hwy, Torrance, CA 90505, USA
$17,999,000 USD
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Address3730 Pacific coast highway, Torrance
Property SubtypeRetail
Price$17,999,000
Price Changed9.55% (-$1,901,000, 156 days ago)
Property TypeCommercial Sale
Year Built2015
Bedrooms Total0
Living Area15,740 ft2
Listing IDSB16727099
StatusActive
Parcel Number7534001012
Special ConditionsStandard
Days on Market247

Detailed Description: Pride of ownership -BRAND NEW building situated on a prime corner lot with the whole building currently leased (Buildings A, B and C). Located on a very busy intersection of Hawthorne Blvd and Pacific Coast Highway with high traffic count of approx. 80,000 cars per day. Anchor tenant is Pielogy with other major tenant being Fitness Center “Orange Theory”. Closely located to other major retail stores, shops, restaurants and residential areas. Cap rate is approx. 3.43%. **Note: Rent rolls are based on actual leases. Proforma rent for 3 spaces totaling 4,258 sq.ft could be higher as currently these spaces are occupied by Principal (s). If calculated based on Proforma market rent (for the 3 spaces) total Gross Income estimated to be around $648,252. All Leases have 3% increases annually and ALL NNN leases. Operating expenses are completely covered under CAM income.

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Address Information
Address3730 Pacific coast highway, Torrance
CityTorrance
Location (MLS Area)125 – Walteria
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90505
CountryUS
Financial Information
Price Changed-9.5528%
Previous Price$19,900,000
Price per Square Foot$1,143.52
Special ConditionsStandard
Total Expenses$159,716
Professional Management Expense$28,643
Operating Expense$161,732
Insurance Expense$3,840
Electric Expense$6,596
Water Sewer Expense$9,638
Trash Expense$8,646
Maintenance Expense$25,316
Other Expense$916
Gross Scheduled Income$618,672
Net Operating Income$618,672
Real Estate Tax Expense$74,745
Tax Year2000
Full Descriptions
Parcel Number7534001012
Detailed DescriptionPride of ownership -BRAND NEW building situated on a prime corner lot with the whole building currently leased (Buildings A, B and C). Located on a very busy intersection of Hawthorne Blvd and Pacific Coast Highway with high traffic count of approx. 80,000 cars per day. Anchor tenant is Pielogy with other major tenant being Fitness Center “Orange Theory”. Closely located to other major retail stores, shops, restaurants and residential areas. Cap rate is approx. 3.43%. **Note: Rent rolls are based on actual leases. Proforma rent for 3 spaces totaling 4,258 sq.ft could be higher as currently these spaces are occupied by Principal (s). If calculated based on Proforma market rent (for the 3 spaces) total Gross Income estimated to be around $648,252. All Leases have 3% increases annually and ALL NNN leases. Operating expenses are completely covered under CAM income.
Water SourcePublic
SignageSign on Building
Property parameters
Year Built2015
Living Area (Sq.Ft.)15,740 ft2
Lot Size SourceAssessor
Number of Buildings3
Asset ClassOffice, Retail
Water SourcePublic
Land Usage DescriptionOffice, Retail
Property SubtypeRetail
Building StatusExisting
Year Built SourceBuilder
Accounting TypeActual
Cap Rate (For Cash Payment Only)3.5
Listed withRAJU CHHABRIA (Chhabria Real Estate Company)