$9,130,000 USD
844-585-7673
22740 Hawthorne Blvd
Torrance, CA 90505
Torrance Heights Civic
HIGHLIGHTS
- Single-Tenant, Absolute NNN Corporate La-Z-Boy: New 10-Year Renewal; Tenant Just Extended for 10 Years, Showing Their Commitment to the Location
- Absolute NNN Corporate Lease With Zero Landlord Responsibilities
- LZB Retail, Inc. Corporate Signature With Nearly 215 Locations
- 10% Rental Increase in February 2031
- Two 5-Year Options Remaining With 2% Annual Rental Increases
- 15-Year Historical Occupancy
FOR SALE DETAILS
PRICE
$9,130,000 USD
PRICE/SF
$389 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
La-A-Boy | Torrance, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
41
LAND DETAILS
LAND ACRES
1.09 AC
LAND SF
47,476 SF
ZONING
-
APN/PARCEL ID
7368-004-066
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844-585-7673
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844-585-7673
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