Freestanding Office Building For
For Sale
$3,700,000
23717 Hawthorne Boulevard, Torrance, CA 90505
Freestanding office building with ample parking in prime location.
Property Size14,737 SF
Price / SF$251.07
Days on Market205
Property Features for 23717 Hawthorne Boulevard
General Information
Standard status
Active
Size
14,737 SF
Property subtype
Office
Listing Agency:
CBRE - El Segundo
Listed By:
John Lane · License #01894667
(310) 363-4947
Source:
Cbre
Added: Mar 25
Changed: Oct 15
Last Checked: Oct 14 at 9:49PM
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 CBRE - El Segundo
Investment Insights
Based on property information with market context.
This freestanding office building is located on Hawthorne Boulevard. The property offers ample on-site surface parking. The building is suitable for office use.
Key Highlights
- Prime Hawthorne Blvd location
- Freestanding office building
- Ample on‑site surface parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$338,214
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,764,280
$6.8M
Cap Rate 7%
$4,831,629
$4.8M
Cap Rate 9%
$3,757,933
$3.8M
Market Conditions
NOI Build-Up for 14,737 SF
Gross rent
$530.5K $36.00/SF
− Vacancy
−$79.6K −$5.40/SF
EGI
$451.0K $30.60/SF
− OpEx
−$112.7K −$7.65/SF
NOI
$338.2K $22.95/SF
Area
Torrance, CA
Vacancy
15.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,764,280
Cap Rate 7%
$4,831,629
Cap Rate 9%
$3,757,933
Alternative Uses
Best Use
Office B
$4.83M
$4.23M – $5.64M
NOI $338,214 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$298.56M
$261.24M – $348.32M
NOI $20,899,394 @ 7.0% cap · market cap 564.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,876
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with ample parking in prime location.
Where is this office building located?
The property is located at 23717 Hawthorne Boulevard Torrance, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Prime Hawthorne Blvd location; Freestanding office building; Ample on‑site surface parking
