Torrance Freestanding Industrial/Flex
For Sale
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2580 W 237th St., Torrance, CA 90505
Single tenant industrial/flex building in the Torrance Airport area.
Property Size31,753 SF
Lot Size1.22 Acres
Price / SF$259.82
Days on Market157
Property Features for 2580 W 237th St.
General Information
Standard status
Active
Size
31,753 SF
Class
B
Total Parking Spaces
55
Lot size
1.22 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$365,452
Building Details
Year Built
1980
Stories
2
Tenancy
Single
Listing Agency:
Voit Real Estate Services Voit Irvine
Listed By:
Loren Cargile · License #CA 01431329
Source:
Crexi
Added: May 14
Changed: Oct 14
Last Checked: Oct 16 at 9:42AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$394,455
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,889,100
$7.9M
Cap Rate 7%
$5,635,071
$5.6M
Cap Rate 9%
$4,382,833
$4.4M
Market Conditions
NOI Build-Up for 31,753 SF
Gross rent
$602.0K $18.96/SF
− Vacancy
−$38.5K −$1.21/SF
EGI
$563.5K $17.75/SF
− OpEx
−$169.1K −$5.32/SF
NOI
$394.5K $12.42/SF
Area
Torrance, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,889,100
Cap Rate 7%
$5,635,071
Cap Rate 9%
$4,382,833
Alternative Uses
Best Use
Industrial
$5.64M
$4.93M – $6.57M
NOI $394,455 @ 7.0% cap · market cap 4.78%
Second Best
Flex RnD
$5.23M
$4.58M – $6.10M
NOI $366,279 @ 7.0% cap · market cap 4.44%
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Pagoda Catering — 2760 Sepulveda Blvd, Torrance, CA 90505
Frequently Asked Questions
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.
