Retail NNN
22740 Hawthorne Boulevard Torrance, CA 90505
22740 Hawthorne Boulevard, Torrance, CA, 90505
Contact for pricing
For Sale
Contact for pricing
For sale NNN retail property located at 22740 Hawthorne Boulevard in Torrance, California.
Property Size23,500 SF
Price / SF$388.51
Days on Market101
Property Features for 22740 Hawthorne Boulevard
General Information
- Standard status
- Active
- Size
- 23,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing agency
Hanley Investment Group
Listed by
Eric Wohl · License #CA 01348614
Source
Crexi
Added: Apr 14 Updated: Jul 22 at 3:22PM Checked: Jul 22 at 3:22PM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
This for-sale retail NNN property is offered at an asking price of $9,130,000. The asset is listed at approximately 23,500 square feet.
The property is located at 22740 Hawthorne Boulevard in Torrance, California 90505. For additional details, the offering materials are referenced in the public remarks.
The property is located at 22740 Hawthorne Boulevard in Torrance, California 90505. For additional details, the offering materials are referenced in the public remarks.
Key Highlights
- NNN retail property for sale at 22740 Hawthorne Boulevard in Torrance, California
- Year built: 1970
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 | $868.6k | $36.96 |
| − Vacancy | −$20.0k | −$0.85 |
| EGI | $848.6k | $36.11 |
| − OpEx | −$254.6k | −$10.83 |
| NOI | $594.0k | $25.28 |
23,500 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.49M
$7.43M – $9.90M
NOI $594,008 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$476.10M
$416.58M – $555.45M
NOI $33,326,712 @ 7.0% cap · market cap 365.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
La-Z-Boy Home Furnishings ...
Furniture & Home Goods
Similar For Sale Nearby
Similar Off Market Nearby
- Hanadai Florist -Mitsuwa- — 3525 W Carson St, Torrance, CA 90503
- Villa Hermosa Plant Shop — 23121 Anza Ave, Torrance, CA 90505
FAQs
What type of property is this?
Storefront property - For sale NNN retail property located at 22740 Hawthorne Boulevard in Torrance, California.
Where is this storefront property located?
The property is located at 22740 Hawthorne Boulevard Torrance, CA.
What is the asking price?
The asking price for this property is $9,130,000.
What are key features of this property?
This property features: NNN retail property for sale at 22740 Hawthorne Boulevard in Torrance, California; Year built: 1970
