Retail NNN
For Sale
Contact for pricing
22740 Hawthorne Boulevard, Torrance, CA 90505
For sale NNN retail property located at 22740 Hawthorne Boulevard in Torrance, California.
Property Size23,500 SF
Price / SF$361.06
Days on Market192
Property Features for 22740 Hawthorne Boulevard
General Information
Standard status
Active
Size
23,500 SF
Property subtype
Retail
Net Operating Income
$479,400
Building Details
Year Built
1970
Tenancy
Single
Listing Agency:
Hanley Investment Group
Listed By:
Eric Wohl · License #CA 01348614
Source:
Crexi
Added: Apr 14
Changed: Oct 6
Last Checked: Oct 20 at 5:28PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$594,008
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,880,160
$11.9M
Cap Rate 7%
$8,485,829
$8.5M
Cap Rate 9%
$6,600,089
$6.6M
Market Conditions
NOI Build-Up for 23,500 SF
Gross rent
$868.6K $36.96/SF
− Vacancy
−$20.0K −$0.85/SF
EGI
$848.6K $36.11/SF
− OpEx
−$254.6K −$10.83/SF
NOI
$594.0K $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 Rate 5%
$11,880,160
Cap Rate 7%
$8,485,829
Cap Rate 9%
$6,600,089
Alternative Uses
Best Use
Retail
$8.49M
$7.43M – $9.90M
NOI $594,008 @ 7.0% cap · market cap 7.00%
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 392.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,349
Businesses Nearby
800k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 41%
Shops & Services 28%
Dining 14%
Apparel 7%
Target
Superstores
194,220 visits/mo
0.5 miles
Walmart
Superstores
130,566 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
60,779 visits/mo
0.3 miles
JCPenney
Apparel
52,876 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
38,441 visits/mo
0.3 miles
Demographics for 90505, CA
36,643
Population
15,202
Households
2.4
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
5.9 sq mi
ZIP Area
6,211
Density / Sq Mi
$110,690
Median Household Income
$70,100
Median Earnings
$2,338
Median Rent
$1,144,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Villa Hermosa Plant Shop — 23121 Anza Ave, Torrance, CA 90505
- Hanadai Florist -Mitsuwa- — 3525 W Carson St, Torrance, CA 90503
Frequently Asked Questions
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 $8,485,000.
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
