1820-1842 W 182nd St & 18203 S Western Ave, Torrance, CA
Fully leased shopping center anchored by Dollar Tree.
- Added:
- Dec 18, 2024
- Days on Market:
- 539
- Last Refresh:
- May 20 at 9:34 pm
Property Features for 1820-1842 W 182nd St & 18203 S Western Ave
General Information
- Standard status
- Active
- Size
- 37,578 SF
- Lot size
- 3.10 Acres
- Property subtype
- RETAIL
Listing agent Mark Repstad License #RELIC.#01492673 (213) 453-1155
Listing office Newmark (213) 453-1155
Listing date Dec 18, 2024
Source Moodyscre
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 Newmark
HighLights
- Fully leased shopping center provides immediate income.
- Stabilized retail complex offers a secure investment.
- Anchor tenant is Dollar Tree, a well‑known retailer.
- Dollar Tree has a fresh ten‑year lease extension, ensuring long‑term stability.
- Property is for sale.
- Offering memorandum available from broker contains further details.
Overview
Local Financial Insights For Retail
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 | $1.39M | $36.96 |
| − Vacancy | −$31.9k | −$0.85 |
| EGI | $1.36M | $36.11 |
| − OpEx | −$407.1k | −$10.83 |
| NOI | $949.9k | $25.28 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Western Plaza — 18537 S Western Ave, Gardena, CA 90248
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Location Insight
- Map
- Local Demand
- City
- Torrance
- County
- Los Angeles
- State
- California
- Longitude
- -118.309
- Latitude
- 33.8578
