Building Details

Year Built 1955

Stories 1

Listing Agency: DAUM Commercial Real Estate Services South Bay

Listed By: Brad Levin · License #CA 01020885 Show Phone

Source: Crexi

Added: May 8 Changed: Oct 10 Last Checked: Oct 20 at 7:14PM

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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.

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 / Yr

$152,958

Cap Rate

3.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,059,160 $3.1M

Cap Rate 7%

$2,185,114 $2.2M

Cap Rate 9%

$1,699,533 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,140 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $14,380,122 @ 7.0% cap · market cap 346.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Dental Office Spa & Massage Center Skin Care Clinic Nail Salon Hair Salon Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

• Two Men and a Truck — 19106 Normandie Ave, Torrance, CA 90502
• Life Storage - Torrance — 19106 Normandie Ave, Torrance, CA 90502
• Public Storage — 1459 W 190th St, Gardena, CA 90248
• Golden State Storage - Gardena — 18626 S Western Ave, Gardena, CA 90248
• Storage Etc... Gardena — 740 W 190th St, Gardena, CA 90248

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