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Single-Tenant Industrial

South Bay Industrial Investment

20406 Earl St, Torrance, CA 90503

Listing Price: $3,825,000

Cap Rate
3.77%
Gross SF
11,229
Price/Gross SF
$340.64
Lot Size
0.49 acres
Year Built
1986
Rentable SF
11,229

Investment Overview

This sale offers the opportunity to purchase an industrial warehouse in a high-demand market of Torrance, California. The property is currently 100% occupied with less than one year remaining on a NNN lease. The property is suitable for both owner/users and investors, and should an investor purchase the property, the tenant is interested in extending the lease. The subject property, located at 20406 Earl St, consists of a single parcel for a total of 21,330 square feet of land. The property has been improved with an industrial warehouse of approximately 11,229 square feet. The building is of concrete block construction and is built-out with both office and warehouse components. The warehouse has an open layout with a clear height of 15’. An office portion of the building is of two-story construction and has been built-out with air-conditioned offices, a conference room, a lobby and restrooms. Utilities to the site include water, sewer, gas and electricity. Electricity is by way of a single panel: 400A, 240V, 3Ph, 4W. The property has been attractively landscaped around the building. The yard has been paved in concrete, is striped for 26 parking stalls and has a functional loading area at the back of the warehouse. The property is currently occupied by J-Exim, Inc, an aerospace/military parts supplier and service provider. J-Exim has been in business since 2005 and has occupied the subject property since 2018. J-Exim’s lease has an expiration date of April 30, 2023, has a triple net structure and is currently at a rate of $1.07/SF/mo. J-Exim is strategically located in the major aerospace hub of greater Los Angeles, which is home to Northrup Grumman, Boeing, SpaceX and numerous other aerospace companies. J-Exim is interested in extending their lease. Please inquire with the listing agent for more details. Situated in the coastal city of Torrance, California, the subject property is in a desirable South Bay location with outstanding market fundamentals. According to Costar, the Torrance industrial submarket has a vacancy rate of 2.1%, has had rent growth of 13.4% in the last 12 months and has an average lease rate of $1.41/SF/mo. The site is 10 miles from the ports of Los Angeles and Long Beach, 8 miles from Los Angeles International Airport and 2 miles from the coast. 20406 Earl St offers the opportunity to purchase a functional industrial property in a desirable location. The property is an attractive long-term asset, is situated in a high-demand market, and offers outstanding underlying value.

Investment Highlights

  • Desirable South Bay Location
  • Attractive Underlying Value
  • Suitable for Investors or Owner/Users
  • Existing Tenant has One Year Remaining on NNN Lease and Would Like to Stay
  • Newer Construction Concrete Block Building in Good Condition
  • Functional Property Located in a High-Demand Market

Exclusively Listed By

Single-Tenant Industrial

South Bay Industrial Investment

Listing Price: $3,825,000

Cap Rate
3.77%
Gross SF
11,229
Price/Gross SF
$340.64
Lot Size
0.49 acres
Year Built
1986
Rentable SF
11,229

Investment Highlights

  • Desirable South Bay Location
  • Attractive Underlying Value
  • Suitable for Investors or Owner/Users
  • Existing Tenant has One Year Remaining on NNN Lease and Would Like to Stay
  • Newer Construction Concrete Block Building in Good Condition
  • Functional Property Located in a High-Demand Market

Investment Overview

This sale offers the opportunity to purchase an industrial warehouse in a high-demand market of Torrance, California. The property is currently 100% occupied with less than one year remaining on a NNN lease. The property is suitable for both owner/users and investors, and should an investor purchase the property, the tenant is interested in extending the lease. The subject property, located at 20406 Earl St, consists of a single parcel for a total of 21,330 square feet of land. The property has been improved with an industrial warehouse of approximately 11,229 square feet. The building is of concrete block construction and is built-out with both office and warehouse components. The warehouse has an open layout with a clear height of 15’. An office portion of the building is of two-story construction and has been built-out with air-conditioned offices, a conference room, a lobby and restrooms. Utilities to the site include water, sewer, gas and electricity. Electricity is by way of a single panel: 400A, 240V, 3Ph, 4W. The property has been attractively landscaped around the building. The yard has been paved in concrete, is striped for 26 parking stalls and has a functional loading area at the back of the warehouse. The property is currently occupied by J-Exim, Inc, an aerospace/military parts supplier and service provider. J-Exim has been in business since 2005 and has occupied the subject property since 2018. J-Exim’s lease has an expiration date of April 30, 2023, has a triple net structure and is currently at a rate of $1.07/SF/mo. J-Exim is strategically located in the major aerospace hub of greater Los Angeles, which is home to Northrup Grumman, Boeing, SpaceX and numerous other aerospace companies. J-Exim is interested in extending their lease. Please inquire with the listing agent for more details. Situated in the coastal city of Torrance, California, the subject property is in a desirable South Bay location with outstanding market fundamentals. According to Costar, the Torrance industrial submarket has a vacancy rate of 2.1%, has had rent growth of 13.4% in the last 12 months and has an average lease rate of $1.41/SF/mo. The site is 10 miles from the ports of Los Angeles and Long Beach, 8 miles from Los Angeles International Airport and 2 miles from the coast. 20406 Earl St offers the opportunity to purchase a functional industrial property in a desirable location. The property is an attractive long-term asset, is situated in a high-demand market, and offers outstanding underlying value.

Exclusively Listed By

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