3730 Pacific Coast Highway

    Torrance, CA 90505
    • $11,999,999
    • STATUS: Active
    • ON SITE: 154 days
    • ID#: SB19146118
    UPDATED: 27 min ago
    $11,999,999
    • 0
      BEDS
    • 1.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,740
      SQFT
    • $762
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2015
    County:

    School Ratings & Info

    Description

    Pride of ownership -2015 build, situated on a prime corner lot with the whole building currently 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. 4.30%.** 3 spaces totaling 4,258 SF are occupied by Principal(s). Total Gross Income estimated to be around $654,276All Leases have at least 3% increases annually and ALL NNN leases.Operating expenses are completely covered under CAM income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T08:28:02.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
    www.bestsocalhomesearch.com/homes/96130661

    3730 Pacific Coast Highway Torrance, CA 90505

    • Price: $11,999,999
    • Status: Active
    • Updated: 27 min ago
    • ID#: SB19146118
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.14
    Acres
    15,740
    SQFT
    $762
    $/SQFT
    2015
    Built
    Neighborhood:
    125 - Walteria
    County:
    Los Angeles
    Area:
    125 - Walteria
    Property Description
    Pride of ownership -2015 build, situated on a prime corner lot with the whole building currently 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. 4.30%.** 3 spaces totaling 4,258 SF are occupied by Principal(s). Total Gross Income estimated to be around $654,276All Leases have at least 3% increases annually and ALL NNN leases.Operating expenses are completely covered under CAM income.
    Exterior Features

    Lot Features Corner LotLot Over 40000 Sqft Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class OfficeRetail Building Area Units Square Feet Building Expenses 17130.00 Building Status Existing Business Type Commercial Cap Rate 4.30 Country Us Electric Expense 12331.00 Expense Year 2018 Gross Scheduled Income 654276.00 Insurance Expense 3863.00 Investment Property YN Yes Land Use OfficeRetail Laundry YN No Leasable Area Units Square Feet Maintenance Expense 1583.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 537602.00 Operating Expense 186117.00 Other Expense 13272.00 Professional Management Expense 34657.00 Property Sub Type Retail Real Estate Tax Expense 78190.00 Special Listing Conditions Standard Trash Expense 12758.00 Water Sewer Expense 12331.00 Water Source Public Year Built Source Builder

    Listing provided courtesy of Raju Chhabria of Chhabria Real Estate Company and Mike Hassani of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T08:28:02.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
     
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