Turnkey Office Suite with
For Sale
Contact for pricing
18093 PRAIRIE AVE, Torrance, CA 90504
Recently renovated furnished offices offer collaborative work areas, private suites, and four restrooms with on-site employee parking.
Property Size8,900 SF
Price / SF$556.18
Days on Market53
Property Features for 18093 PRAIRIE AVE
General Information
Standard status
Active
Size
8,900 SF
Class
B
Total Parking Spaces
32
Property subtype
Retail, Office, Mixed Use
Lease Type
NNN
Additional Details
Business Included
Yes
Building Details
Year Built
1977
Stories
1
Units
8
Tenancy
Multi
Listing Agency:
The Legal Leads
Listed By:
Matthew Massaband · License #CA
Source:
Crexi
Added: Jul 2
Changed: Aug 8
Last Checked: Aug 21 at 9:21PM
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 Legal Leads
Investment Insights
Based on property information with market context.
This recently renovated first and second floor office setup is designed for immediate occupancy with modern finishes and a plug-and-play configuration. Suites are fully furnished and include a workspace layout featuring 24 height-adjustable workstations, along with multiple private offices and executive suites. The plan also provides collaborative open work areas, professional conference and meeting rooms, and four private restrooms located within the premises. Abundant natural light supports a bright, efficient daytime work environment.
The property is located at 18093 Prairie Avenue in Torrance, CA, within a well-maintained professional building. It includes approximately 30 on-site parking spaces for employees and visitors, with additional street parking nearby, supporting day-to-day access for staff, clients, and meeting attendees.
For a tenant or buyer seeking an office environment that reduces start-up steps, the furnished, renovated condition and ready-to-operate floor layout can be a practical fit. The combination of open collaboration space, private offices, and conference rooms supports organizations that need both individual workstations and team meeting capability while benefiting from on-site parking and multiple restrooms.
The property is located at 18093 Prairie Avenue in Torrance, CA, within a well-maintained professional building. It includes approximately 30 on-site parking spaces for employees and visitors, with additional street parking nearby, supporting day-to-day access for staff, clients, and meeting attendees.
For a tenant or buyer seeking an office environment that reduces start-up steps, the furnished, renovated condition and ready-to-operate floor layout can be a practical fit. The combination of open collaboration space, private offices, and conference rooms supports organizations that need both individual workstations and team meeting capability while benefiting from on-site parking and multiple restrooms.
Key Highlights
- Year built 1977; recently renovated 1st and 2nd floor furnished office space with modern finishes
- State‑of‑the‑art office layout with 24 height‑adjustable workstations, plus collaborative open work areas
- Includes multiple private offices and executive suites, along with professional conference and meeting rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$204,255
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,085,100
$4.1M
Cap Rate 7%
$2,917,929
$2.9M
Cap Rate 9%
$2,269,500
$2.3M
Market Conditions
NOI Build-Up for 8,900 SF
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.
Gross rent
$320.4K $36.00/SF
− Vacancy
−$48.1K −$5.40/SF
EGI
$272.3K $30.60/SF
− OpEx
−$68.1K −$7.65/SF
NOI
$204.3K $22.95/SF
Area
Torrance, CA
Vacancy
15.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,085,100
Cap Rate 7%
$2,917,929
Cap Rate 9%
$2,269,500
Alternative Uses
Best Use
Office B
$2.92M
$2.55M – $3.40M
NOI $204,255 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$180.31M
$157.77M – $210.36M
NOI $12,621,606 @ 7.0% cap · market cap 254.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 90504, CA
32,503
Population
12,328
Households
2.6
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
4.4 sq mi
ZIP Area
7,387
Density / Sq Mi
$105,474
Median Household Income
$55,683
Median Earnings
$2,225
Median Rent
$897,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Recently renovated furnished offices offer collaborative work areas, private suites, and four restrooms with on-site employee parking.
Where is this office units located?
The property is located at 18093 PRAIRIE AVE Torrance, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Year built 1977; recently renovated 1st and 2nd floor furnished office space with modern finishes; State‑of‑the‑art office layout with 24 height‑adjustable workstations, plus collaborative open work areas; Includes multiple private offices and executive suites, along with professional conference and meeting rooms
