Listed by Keller Williams South Bay
$8,250,000
2700 Sepulveda Blvd
Details
APN 7379-001-037
Property Type Retail
Sub Type Commercial
Square Footage 18,000
Cap Rate 4.32%
NOI $356,400
Tenancy Single
Brand/Tenant Ethan Allen Interior Inc
Lease Type NNN
Lease Term 10
Lease Expiration 12/31/2029
Remaining Term 3.4
Price per SqFt $458
Year Built 1967
Acreage 0.970
Zoning TOCO-GEN
Parking Spaces 42 spaces
Parking per 1,000 SqFt 2.33
Lease Commencement 12/31/2019
Ownership Fee Simple
Retail | 4.32% CAP | 18,000 SqFt
Marketing description
Keller Williams South Bay is pleased to present the opportunity to acquire 2700 Sepulveda Blvd., Torrance, CA-an approximately 18,000 SF freestanding commercial building situated on ±42,253 SF of TOCC-GEN zoned land. The property is fully occupied by a single tenant, Ethan Allen, offering stable tenancy.
Strategically located in the economic core of Torrance, the asset benefits from exceptional visibility, strong retail presence, and proximity to a dense mix of residential communities and established amenities, making it a highly attractive investment opportunity.
Ethan Allen Interiors Inc. is an American manufacturer and retailer of home furnishings, incorporated in Delaware with executive offices in Denbury, Connecticut. As of June 30, 2023, the company reported net annual sales of $791.4 million.
As of June 30, 2023, Ethan Allen operates 139 retail design centers, with 135 located in the United States and four in Canada. Additional design centers are operated by independent licensees located in the U.S., Asia (including the Middle East), and Europe. The company manufactures approximately 75% of its products in North America across 11 facilities in the U.S.,
The company was founded as a housewares manufacturer in 1932 by Theodore Baumritter and his brother-in-law Nathan S. Ancell.
Listing Contacts
Listed by Keller Williams South Bay
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$356,400.00
$29,700.00/mo
Valuation Metrics
0
DSCR
4.32%
Cap Rate
4.32%
ROI
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