Torrance Freestanding Industrial/Flex
2580 W 237th St. Torrance, CA 90505
2580 W 237th St., Torrance, CA, 90505
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For Sale
Contact for pricing
Single tenant industrial/flex building in the Torrance Airport area.
Property Size31,753 SF
Lot Size1.22 Acres
Price / SF$259.82
Days on Market65
Property Features for 2580 W 237th St.
General Information
- Standard status
- Active
- Size
- 31,753 SF
- Lot size
- 1.22 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing Agency
Voit Real Estate Services Voit Irvine
Listed by
Loren Cargile · License #CA 01431329
Source
Crexi
Added: May 14 Checked: Jul 17 at 12:52 pm
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 Voit Real Estate Services Voit Irvine
Investment Insights
Based on property information with market context.
The property at 2580 W 237th St. in Torrance, CA, is a single-tenant freestanding industrial/flex building. Constructed in 1980, the concrete tilt-up building offers approximately 31,753 square feet of space on a 1.22-acre lot. The property is located in the Torrance Airport area of the South Bay, Los Angeles submarket. The building features 23,384 square feet of first-floor area, including 8,628 square feet of office/production space. The second story provides 8,369 square feet of office area, complete with restrooms and a kitchen. The warehouse area offers a minimum clearance of 19 feet and is equipped with fire sprinklers. There are 55 parking stalls available, along with a large fenced yard. Loading and access are facilitated by 4 ground-level doors and 4 dock-high loading positions via an external loading platform. The property has 1,600 A, 120/208V 3-phase power. Currently, the property serves as the corporate headquarters for SHLA Group, Inc., which utilizes the space for corporate offices, production/manufacturing, and distribution of wood paint & craft stick products since October 2020. The location is positioned between LAX International Airport and the Ports of Los Angeles/Long Beach.
Key Highlights
- Freestanding industrial/flex building in the desirable Torrance Airport area.
- Currently leased by SHLA Group, Inc. for corporate offices, production/manufacturing, and distribution.
- Strategic location between LAX and the Ports of Los Angeles/Long Beach.
Local Financial Insights For Warehouse
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 | $602.0k | $18.96 |
| − Vacancy | −$38.5k | −$1.21 |
| EGI | $563.5k | $17.75 |
| − OpEx | −$84.5k | −$2.66 |
| NOI | $479.0k | $15.08 |
31,753 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.84M
$5.99M – $7.98M
NOI $478,981 @ 7.0% cap · market cap 5.81%
Second Best
Industrial
$5.64M
$4.93M – $6.57M
NOI $394,455 @ 7.0% cap · market cap 4.78%
Theoretical Best
Multifamily LT 5
$643.30M
$562.88M – $750.51M
NOI $45,030,770 @ 7.0% cap · market cap 545.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
mynextub
Big Box & Wholesale Store
Quantapoint
Tech Support Center
Similar For Sale Nearby
Similar Off Market Nearby
- Jeters Barbecue Catering — 2037 242nd St, Lomita, CA 90717
FAQs
What type of property is this?
Flex space - Single tenant industrial/flex building in the Torrance Airport area.
Where is this flex space located?
The property is located at 2580 W 237th St. Torrance, CA.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Freestanding industrial/flex building in the desirable Torrance Airport area.; Currently leased by SHLA Group, Inc. for corporate offices, production/manufacturing, and distribution.; Strategic location between LAX and the Ports of Los Angeles/Long Beach.
