https://www.colliers.com/p-usa1087156
- For sale
For Sale
$2,700,000 USD
Colliers Retail Capital Markets Team is pleased to present through its specialized Private Capital Group the fee simple sale of Torrance Plaza, a coastal retail investment opportunity within a prominent commercial corridor in Los Angeles’s South Bay community of Torrance.
Torrance Plaza is a 6,644 SF retail center located on the northwest signalized corner of Carson St and Crenshaw Blvd receiving approximately 50,000 VPD and strategically situated along Torrance’s major retail corridor. Torrance Plaza is minutes from one of America’s largest shopping malls, Del Amo Fashion Center featuring 2,500,000 SF of GLA and home to over 250 globally and nationally recognized brands.
Torrance Plaza is an exceptional opportunity to acquire a value-add retail asset located in a dense, infill coastal community that provides an investor a bite-sized deal in trophy location with future growth in cash flow through its below market rents and contractual increases.