22593 S Western, Torrance 90501 | 22593 S Western Ave
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22593 S Western, Torrance 90501 22593 S Western Ave
4,653 SF Industrial Building Torrance, CA 90501 $895,000 ($192/SF) 3.60% Cap Rate
Investment Highlights
- Single Tenant Investment w-Long Term Tenancy -
- Inflation fighting annual cost of living adjustments
- Prime Commercial Corridor with close proximity to 91 - 105 - 110 - 405 freeways
- Low cost per foot with value add opportunity upon termination of lease
- New Roof installed 2023 - under warranty
- New main water line - 2023
Executive Summary
Investment hold with value add opportunity - Ideal tenant with an established 30 plus yrs of long term tenancy with 7 yrs remaining of existing lease with annual inflation fighting cost of living adjustments. A New roof was installed last year as well as a new main water line and electrical box. Current bathroom is under construction will be upgraded with new fixtures. Need 48 hrs notice to schedule a tour, please contact listing agent.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$46,728
|
$10.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$46,728
|
$10.04
|
| Taxes |
$9,845
|
$2.12
|
| Operating Expenses |
$5,000
|
$1.07
|
| Total Expenses |
$14,845
|
$3.19
|
| Net Operating Income |
$31,883
|
$6.85
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $46,728 |
| Annual Per SF | $10.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $46,728 |
| Annual Per SF | $10.04 |
| Taxes | |
|---|---|
| Annual | $9,845 |
| Annual Per SF | $2.12 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $1.07 |
| Total Expenses | |
|---|---|
| Annual | $14,845 |
| Annual Per SF | $3.19 |
| Net Operating Income | |
|---|---|
| Annual | $31,883 |
| Annual Per SF | $6.85 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer
- Heating
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Patagonia
- Manufacturing
- 100 SF
- $0.83
- Industrial Gross
- Sep 2031
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Patagonia | Manufacturing | 100 SF | $0.83 | Industrial Gross | Sep 2031 |
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Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 7357-030-004 | Total Assessment | $129,971 (2024) |
| Land Assessment | $86,499 (2024) | Annual Taxes | $9,845 ($2.12/SF) |
| Improvements Assessment | $43,472 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
7357-030-004
Land Assessment
$86,499 (2024)
Improvements Assessment
$43,472 (2024)
Total Assessment
$129,971 (2024)
Annual Taxes
$9,845 ($2.12/SF)
Tax Year
2023
zoning
| Zoning Code | TOM1 (Industrial - Light Manufactoring) |
| TOM1 (Industrial - Light Manufactoring) |
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22593 S Western, Torrance 90501 | 22593 S Western Ave
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