Flex Industrial Buildings With
For Sale
Contact for pricing
23840-23870 Madison St, Torrance, CA 90505
Two freestanding flex/industrial buildings include a 2-story office and a warehouse with 6 grade-level doors.
Property Size27,991 SF
Price / SF$284.02
Days on Market475
Property Features for 23840-23870 Madison St
General Information
Standard status
Active
Size
27,991 SF
Total Parking Spaces
52
Property subtype
INDUSTRIAL
Additional Details
Drive-In Doors
6
Listing Agency:
The Klabin Company
(310) 329-9000
Listed By:
Tyler Rollema · License #0191920
(310) 329-9000
Source:
Moodyscre
Added: Apr 15, 2025
Changed: Jul 26
Last Checked: Jul 26 at 9:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Klabin Company
Investment Insights
Based on property information with market context.
This offering includes two freestanding flex/industrial buildings on one site. Building A contains 12,386 square feet of well-appointed, 2-story office space. Building B offers 10,584 square feet of industrial warehouse space with 6 grade-level doors.
Warehouse B also has direct access to Torrance Airport via four grade-level doors. An on-site parking lot to the north provides 52 parking spaces that are owned by the City.
The property is designed to accommodate both office-focused and warehouse/industrial operations, with dedicated configurations for each building.
Warehouse B also has direct access to Torrance Airport via four grade-level doors. An on-site parking lot to the north provides 52 parking spaces that are owned by the City.
The property is designed to accommodate both office-focused and warehouse/industrial operations, with dedicated configurations for each building.
Key Highlights
- Two freestanding flex/industrial buildings totaling 22,970 SF
- Building A features 12,386 SF of 2‑story office space
- Building B offers 10,584 SF industrial warehouse with 6 grade‑level (GL) doors
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.01M | $36.00 |
| − Vacancy | −$151.2k | −$5.40 |
| EGI | $856.5k | $30.60 |
| − OpEx | −$214.1k | −$7.65 |
| NOI | $642.4k | $22.95 |
27,991 SF · lease $36.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.18M
$8.03M – $10.71M
NOI $642,393 @ 7.0% cap · market cap 8.08%
Second Best
Warehouse
$6.03M
$5.28M – $7.04M
NOI $422,232 @ 7.0% cap · market cap 5.31%
Theoretical Best
Multifamily LT 5
$567.08M
$496.20M – $661.59M
NOI $39,695,660 @ 7.0% cap · market cap 499.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,999
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90505, CA
36,643
Population
15,202
Households
2.4
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
5.9 sq mi
ZIP Area
6,211
Density / Sq Mi
$110,690
Median Household Income
$70,100
Median Earnings
$2,338
Median Rent
$1,144,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Sterling Catering Co — Torrance, CA 90505
Frequently Asked Questions
What type of property is this?
Flex space - Two freestanding flex/industrial buildings include a 2-story office and a warehouse with 6 grade-level doors.
Where is this flex space located?
The property is located at 23840-23870 Madison St Torrance, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Two freestanding flex/industrial buildings totaling 22,970 SF; Building A features 12,386 SF of 2‑story office space; Building B offers 10,584 SF industrial warehouse with 6 grade‑level (GL) doors
