23600 Telo Ave - Medical FOR SALE


Torrance, CA 90505- Marble Estates
$21,000,000 USD
310-567-1650
23600 Telo Ave, Torrance, CA for Sale
$21,000,000 USD
Medical - FOR SALE
1/4
null | 5.94% Cap Rate

23600 Telo Ave
Torrance, CA 90505
Marble Estates


HIGHLIGHTS

  • 11 High Quality Physician Tenants with specialty practices occupying large suites (100% occupied)
  • Tight Torrance medical office leasing market with approximately 10% vacancy
  • Close proximity to Torrance Memorial Medical Center
  • Leases allow for additional income administering operating expense pass throughs

OVERVIEW

Telo Medical Center consists of an approximately 39,937SF, 2-story, medical building located on a single parcel of land, totalling aproximately 2.37 acres. Telo Medical Center is currently leased to a variety of medical specialty tenants occupying 12 suites, including ophthalmology, internal medicine, family practice, orthopedic, urology, oncology, obstetrics/gynecology, allergy and pharmacy, and procudes an annual NOI of $1,247,257.

FOR SALE DETAILS

PRICE

$21,000,000 USD

PRICE/SF

$526 USD /SF

CAP RATE

5.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

M2, Torrance

APN/PARCEL ID

7377-011-023

ASK ABOUT THIS PROPERTY

Mike GrannisSteve Miller CompanyMore Info
310-567-1650

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Mike GrannisSteve Miller CompanyMore Info
310-567-1650

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