Torrance, California, is a prime location for investing in Retail Properties, with a population of around 147,000 residents and a diverse economic landscape. The city's balanced industrial city plan, featuring residential, commercial, and industrial districts, makes it an attractive spot for businesses and investors alike. With its warm-summer Mediterranean climate, Torrance offers a unique blend of coastal living and urban amenities, making it an ideal location for Retail Properties. The city's infrastructure, including the Zamperini Field general aviation airport, highways, and freeways, provides easy access to the surrounding areas, making it a hub for commerce and trade. Additionally, Torrance is home to several major corporations, including American Honda Motor Company, Acura, and Robinson Helicopters, which contributes to the city's strong economy.
Torrance offers a range of Retail Properties, from small strip centers to large shopping malls like the Del Amo Fashion Center, one of the largest malls in the United States. With 41 Retail Properties available for sale, investors have a wide range of options to choose from. The average price per square foot for Retail Properties in Torrance is $589 USD, with an average size of 10,224 square feet. The largest Retail Property available is 42,238 square feet. Torrance also offers a range of other property types, including Shopping Centers, Restaurants, Office Properties, and Hotels, each with its own unique characteristics and investment opportunities. With its strong economy, diverse industries, and excellent infrastructure, Torrance is an attractive location for investors looking to capitalize on the retail market.
What is the average cap rate for retail properties in Torrance?
When it comes to retail properties in Torrance, investors can expect an average cap rate of 5.66%. To better understand the significance of this rate, it's essential to know what is a cap rate, which is a crucial metric in commercial real estate investing.
How do location and foot traffic affect retail property values?
In Torrance, California, location and foot traffic play a significant role in determining retail property values. Properties situated in high-demand areas with heavy foot traffic, such as the Del Amo Fashion Center, tend to command higher prices per square foot, with an average price of $589 USD per square foot, and average sizes ranging from 10,224 square feet to 42,238 square feet, and an average cap rate of 5.66%.
With 41 available listings of retail properties in Torrance, investors and business owners have a range of options to choose from, including properties near the beachfront, parks, and historical districts like Old Torrance, which can attract tourists and locals alike, driving up foot traffic and property values.
