Leased Retail Complex For
1820-1842 W 182nd St & 18203 S Western Ave Torrance, CA
For Sale
Contact for pricing
Fully leased shopping center anchored by Dollar Tree.
Property Size37,578 SF
Lot Size3.10 Acres
Price / SF$465.40
Days on Market584
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 Agency:
Newmark
(213) 453-1155
Listed By:
Mark Repstad · License #RELIC.#01492673
(213) 453-1155
Source:
Moodyscre
Added: Dec 18, 2024
Changed: Jul 10
Last Checked: Jul 21 at 8:51AM
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
Investment Insights
Based on property information with market context.
A fully leased shopping center is available for sale. The stabilized retail complex is anchored by Dollar Tree, which has a fresh ten-year lease extension. The property has a size of 37578 square feet.
Key Highlights
- Fully leased shopping center provides immediate income.
- Stabilized retail complex offers a secure investment.
- Anchor tenant is Dollar Tree, a well‑known retailer.
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 |
37,578 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$13.57M
$11.87M – $15.83M
NOI $949,857 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$761.31M
$666.14M – $888.19M
NOI $53,291,540 @ 7.0% cap · market cap 304.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- Western Plaza — 18537 S Western Ave, Gardena, CA 90248
- Coin Cloud Bitcoin ATM — 1645 W 190th St, Gardena, CA 90248
FAQs
What type of property is this?
Shopping center - Fully leased shopping center anchored by Dollar Tree.
Where is this shopping center located?
The property is located at 1820-1842 W 182nd St & 18203 S Western Ave Torrance, CA.
What is the asking price?
The asking price for this property is $17,488,888.
What are key features of this property?
This property features: Fully leased shopping center provides immediate income.; Stabilized retail complex offers a secure investment.; Anchor tenant is Dollar Tree, a well‑known retailer.
