Flex Space with Roll-Up
For Sale
Contact for pricing
2068 Torrance Blvd, Torrance, CA 90501
Versatile flex/industrial property with roll-up loading doors and surface parking for showroom, creative, or warehouse uses.
Property Size2,343 SF
Price / SF$533.50
Days on Market52
Property Features for 2068 Torrance Blvd
General Information
Standard status
Active
Size
2,343 SF
Total Parking Spaces
7
Property subtype
Retail, Industrial, Office
Zoning
TODC-CTR
Investment Type
Owner/User
Additional Details
Drive-In Doors
2
Building Details
Year Built
1947
Stories
1
Tenancy
Single
Listing Agency:
Major Properties
Listed By:
Minaz Ahamed · License #00913803
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 12:18PM
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 Major Properties
Investment Insights
Based on property information with market context.
This versatile flex space is well-suited for a range of retail and industrial applications, including showroom, creative office, warehouse, and automotive- or service-oriented uses. The property includes two ground-level roll-up loading doors designed to support light loading needs while keeping the space functional for customer-facing presentation. On-site parking is provided with approximately seven surface spaces.
The property is located at the southwest corner of Torrance Boulevard and Engracia Avenue in a high-traffic position. This corner placement supports strong access for both customers and business operations, and the site offers signage potential to help businesses get noticed.
For an owner-user or operator, the combination of flex functionality, ground-level loading, and convenient surface parking creates a practical setup for businesses that need both a customer-facing area and operational space. The layout accommodates a variety of concepts while maintaining the flexibility to support showroom traffic and basic warehouse-style use.
The property is located at the southwest corner of Torrance Boulevard and Engracia Avenue in a high-traffic position. This corner placement supports strong access for both customers and business operations, and the site offers signage potential to help businesses get noticed.
For an owner-user or operator, the combination of flex functionality, ground-level loading, and convenient surface parking creates a practical setup for businesses that need both a customer-facing area and operational space. The layout accommodates a variety of concepts while maintaining the flexibility to support showroom traffic and basic warehouse-style use.
Key Highlights
- Year built 1947
- Versatile multi‑use retail/industrial space suitable for showroom, creative office, warehouse, and more
- Located on the southwest corner of Torrance Boulevard and Engracia Avenue
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
$59,224
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
4.74%
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%
$1,184,480
$1.2M
Cap Rate 7%
$846,057
$846.1K
Cap Rate 9%
$658,044
$658.0K
Market Conditions
NOI Build-Up for 2,343 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
$86.6K $36.96/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$84.6K $36.11/SF
− OpEx
−$25.4K −$10.83/SF
NOI
$59.2K $25.28/SF
Area
Torrance, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,184,480
Cap Rate 7%
$846,057
Cap Rate 9%
$658,044
Alternative Uses
Best Use
Retail
$846.1K
$740.3K – $987.1K
NOI $59,224 @ 7.0% cap · market cap 4.74%
Second Best
Warehouse
$504.9K
$441.8K – $589.1K
NOI $35,343 @ 7.0% cap · market cap 2.83%
Theoretical Best
Multifamily LT 5
$47.47M
$41.53M – $55.38M
NOI $3,322,744 @ 7.0% cap · market cap 265.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,615
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90501, CA
43,990
Population
15,867
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
7,718
Density / Sq Mi
$92,815
Median Household Income
$43,526
Median Earnings
$1,868
Median Rent
$887,300
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?
Flex space - Versatile flex/industrial property with roll-up loading doors and surface parking for showroom, creative, or warehouse uses.
Where is this flex space located?
The property is located at 2068 Torrance Blvd Torrance, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Year built 1947; Versatile multi‑use retail/industrial space suitable for showroom, creative office, warehouse, and more; Located on the southwest corner of Torrance Boulevard and Engracia Avenue
