605-665 Hawaii Ave Torrance, CA 90503
- Warehouses
- 35,956 SF
- 1.50 lot acres
Current Use by Public Records
- Warehouses
Property Details for 605-665 Hawaii Ave
- Year built
- 1963
- Lot size
- 1.50 lot acres
- Property size
- 35,956 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
Exceptional investment opportunity: a 35,956 square foot, multi-tenant industrial warehouse in Torrance, CA. This 1.5-acre property, built in 1963 and renovated in 1988, boasts 6 dock-high doors and an 18' ceiling height. Currently 100% leased with below-market rents, offering immediate cash flow and significant upside potential. Fifty percent of the leases roll over within the first six months, presenting an opportunity to increase rents in a strong market with low vacancy rates (below 2.5%). The property is zoned MP - Industrial Park and offers ample parking (2.5 spaces per 1,000 sq ft). The building's excellent condition and flexible space (units ranging from 5,400 to 35,956 sq ft) cater to a variety of industrial tenants. The asking price is $10,250,000, with a current NOI of $560,224.07. This prime South Bay location provides excellent access to major transportation arteries, making it an ideal investment for long-term growth or redevelopment. The property's strong tenant base and favorable market conditions make it a compelling investment opportunity in one of Southern California's most desirable industrial submarkets. APN: 7352-010-003.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Torrance
- County
- Los Angeles
- State
- California
- Longitude
- -118.338
- Latitude
- 33.8405
