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22740 Hawthorne Blvd
Torrance, CA 90505 Torrance Heights Civic

$9,130,000 USD

Freestanding For Sale  •  23,500 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 23,500 SF
  • Lot Size 1.09 AC
  • Building Class B
  • Year Built 1970
  • Cap Rate 5.25 %
  • Tenancy Single
30 Transit Score
70 Walk Score

Highlights

Single-Tenant, Absolute NNN Corporate La-Z-Boy: New 10-Year Renewal; Tenant Just Extended for 10 Years, Showing Their Commitment to the Location
Absolute NNN Corporate Lease With Zero Landlord Responsibilities
LZB Retail, Inc. Corporate Signature With Nearly 215 Locations
10% Rental Increase in February 2031
Two 5-Year Options Remaining With 2% Annual Rental Increases
15-Year Historical Occupancy
Cap Rate: 5.25 %

Major Tenants

Tenant SF Occupied Lease End Date
La-Z-Boy

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Los Angeles International 20 min - 11.8 mi
Long Beach (Daugherty Field) 22 min - 12.7 mi
Bob Hope 49 min - 35.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 41
Type: Surface
Included in Rent: Yes
Eric Wohl 844-585-7673 Hanley Investment Group
Eric Wohl 844-585-7673 Hanley Investment Group