Industrial Warehouse
For Sale
Contact for pricing
19626 S Normandie Ave., Torrance, CA 90502
Industrial warehouse facility available for lease in Torrance, California.
Property Size10,140 SF
Price / SF$409.27
Days on Market121
Property Features for 19626 S Normandie Ave.
General Information
Standard status
Active
Size
10,140 SF
Property subtype
Industrial, Land
Zoning
M-2 Heavy Manufacturing
Building Details
Year Built
1955
Stories
1
Listing Agency:
DAUM Commercial Real Estate Services South Bay
Listed By:
Brad Levin · License #CA 01020885
(310) 538-6728
Source:
Crexi
Added: May 8
Changed: Sep 3
Last Checked: Sep 2 at 4:11AM
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 DAUM Commercial Real Estate Services South Bay
Investment Insights
Based on property information with market context.
Industrial warehouse facility offered for sale and available for lease at 19626 S. Normandie Ave., Torrance, California. The property provides a very large building area totaling 4,150,000 square feet, with an overall property size listed as 10,140.
The asset is presented as an industrial warehouse, suitable for buyers or tenants seeking substantial warehouse space in Torrance. The offering is structured for flexibility, with availability stated for lease while the transaction is also marked for sale.
The asset is presented as an industrial warehouse, suitable for buyers or tenants seeking substantial warehouse space in Torrance. The offering is structured for flexibility, with availability stated for lease while the transaction is also marked for sale.
Key Highlights
- Industrial warehouse facility available for lease in Torrance, California
- 4,150,000 SF industrial space
- Year built: 1955
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
$152,958
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
3.69%
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%
$3,059,160
$3.1M
Cap Rate 7%
$2,185,114
$2.2M
Cap Rate 9%
$1,699,533
$1.7M
Market Conditions
NOI Build-Up for 10,140 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
$192.3K $18.96/SF
− Vacancy
−$12.3K −$1.21/SF
EGI
$180.0K $17.75/SF
− OpEx
−$27.0K −$2.66/SF
NOI
$153.0K $15.08/SF
Area
Torrance, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$3,059,160
Cap Rate 7%
$2,185,114
Cap Rate 9%
$1,699,533
Alternative Uses
Best Use
Warehouse
$2.19M
$1.91M – $2.55M
NOI $152,958 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$205.43M
$179.75M – $239.67M
NOI $14,380,122 @ 7.0% cap · market cap 346.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90502, CA
18,977
Population
6,899
Households
2.8
Avg Household Size
44
Median Age
37%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
8,626
Density / Sq Mi
$98,867
Median Household Income
$46,382
Median Earnings
$1,903
Median Rent
$655,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse facility available for lease in Torrance, California.
Where is this warehouse located?
The property is located at 19626 S Normandie Ave. Torrance, CA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: Industrial warehouse facility available for lease in Torrance, California; 4,150,000 SF industrial space; Year built: 1955
