1321 Post Ave - Loft/Creative Space FOR SALE


Torrance, CA 90501- Olde Torrance Neighborhood
$2,500,000 USD
510-708-2662
1321 Post Ave, Torrance, CA for Sale
$2,500,000 USD
Loft/Creative Space - FOR SALE
1/25
null | 4.07% Cap Rate

NEW



HIGHLIGHTS

  • Outstanding Owner-User Opportunity – Three Units Delivered Vacant | Three-Story, Four-Unit Office/Retail Property in Old Town Torrance
  • Built in 2005 – Newer Construction Building with Charm | Large 1,290 SF Vacant Unit is Upgraded and Features Rooftop Deck, HVAC & Private Restroom
  • Located on Upscale Commercial Street Surrounded by Retails Shops, Restaurants, Offices & Cafes
  • Offering Includes Parking Lot Across the Street with 10 Designated Parking Spaces
  • Opportunity for Investor to Lease Vacancy at Market Rate with New NNN Lease
  • 4.07% Current Cap Rate & 4.19% Pro-Forma Cap Rate | Great Frontage on Post Avenue with Ample Street Parking

OVERVIEW

ASSET Beautiful and charming three-story, four-unit retail/office building located in Old Town Torrance. The property was built in 2005 and features a total of 3,204 SF. Three of the units will be delivered vacant, which presents an outstanding owner-user opportunity. The occupied space is an 820 SF ground floor unit which is leased to NonStop Travel with the current lease running until March 2028. The vacant spaces include a 400 SF ground floor unit and two upstairs spaces consisting of a 1,090 SF unit and a 1,290 SF unit. The 1,290 SF unit has been recently renovated and includes a rooftop deck, central air and heating (HVAC) and private restroom. This investment opportunity also includes a parking lot located at 1315 El Prado Avenue which contains 10 designated parking spaces. LOCATION The property is on an upscale commercial street with ample retail shops, offices, restaurants, cafes and bakeries. The asset is just south of Torrance Boulevard and west of Cabrillo Avenue, in an outstanding Old Torrance location. The parking lot is located across the street which provides convenient parking for tenants. Additionally, there is ample street parking along Post Avenue. FINANCIALS 1321 Post Avenue provides an ideal owner-user opportunity or the opportunity for an investor to lease the vacancies at market rate with triple net (NNN) lease. The asset yields a 4.07% current cap with a pro-forma cate rate of 4.19%. *Unit #202 is currently occupied by the owner and can be delivered vacant at the close of escrow. Rents for vacancies have been estimated at pro-forma rents. Unit sizes (SF) are estimated by owner. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$780 USD /SF

CAP RATE

4.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,189 SF

ZONING

TODC-CTR

APN/PARCEL ID

7355-026-040

ASK ABOUT THIS PROPERTY

Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.