
2580 W 237th St
2580 W 237th St., Torrance, CA 90505
Marketing description
Voit Real Estate Services is pleased to present the opportunity to acquire 2580 W 237th St. in Torrance, CA — a single tenant freestanding industrial/flex building consisting of approximately 31,753 square feet on 1.22 acres. This property is ideally located within the highly desirable Torrance Airport subset of the South Bay, Los Angeles submarket and serves as the corporate headquarters of SHLA Group, Inc (www.shlagroup.com). SHLA has occupied the property since October, 2020 and utilizes the property for corporate offices, production/manufacturing, and distribution of wood paint & craft stick products.
The property was constructed in 1980 using concrete tilt-up construction. Features include: 23,384 square feet of first floor area, which includes 8,628 square feet of office/production area, 8,369 square feet of second story office area with upstairs restrooms and a kitchen, 19' minimum warehouse clearance, fire sprinklers, 55 parking stalls, a large fenced yard, 4 ground level doors, 4 dock high loading positions via an external loading platform, and 1,600 A, 120/208V 3 phase power (verify).
The property is ideally located in an exceptional demographic area, which is evidenced by 20–25% of households within a 1–5 mile radius earning between $150K–$250K annually (see Population & Income Profile). The property is also strategically positioned between LAX International Airport and Ports of Los Angeles/Long Beach, offering future tenants or owner-users access to major West Coast logistics hubs.
Investment highlights
- Tenant occupied since October, 2020
- Gross Lease structure
- Highly desirable South Bay submarket location
- Nearby Access to Pacific Coast Highway, 405/110/710/91 Freeways
- Numerous nearby retail amenities
- Close proximity to multiple nearby affluent communities
- Nearby access to LAX and Ports of Los Angeles/Long Beach
- Tenant has no option to extend
- Significant upside in rent for an investor or ability to occupy after tenant's lease expiration for an owner-user
- Priced approximately 54% below replacement cost and below average PSF of comparable building sales
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