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    3244 Sepulveda Boulevard , 135-140, 147

    Torrance, CA 90505
    • $2,400,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: SB20093350
    UPDATED: 236 min ago
    $2,400,000
    • 0
      BEDS
    • 2.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,940
      SQFT
    • $609
      $/SQFT
    Type:
    Commercial
    Built:
    2007
    County:

    School Ratings & Info

    Description

    The subject property is a medical office condo in the Madrona Medical Professional Center. The property was redeveloped and built out with new tenant improvements in 2007. There are a total of 6 exam rooms and a very large open common area room within the suite that is used for physical therapy. There are also two entrances (one on either end of the unit), 2 administrative offices an employee break area and a lobby. This single story medical office condo is located in the clock tower building and has 4 dedicated parking spaces that are included in the purchase price. The total land area in the complex is approximately 96,000 square feet.The owner of the property has maintained a successful physical therapy business at this location and another location in Carson near Harbor General Hospital for many years. If an investor is interested, the owner is willing to do a sale leaseback at $16,000 per month modified gross which equates to an approximate CAP rate of 5.55% at the list price of $2,400,000. The property can also be delivered fully vacant or partially occupied for an owner-user. The location is ideal due to its close proximity to both Provident Little Company of Mary Hospital and Torrance Memorial as well as walking distance to the restaurants and stores in Del Amo Mall.The subject property consists of 7 condos combined condos 135, 136, 137, 138, 139, 140, 147.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-04T00:25:35.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/105995814
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    3244 Sepulveda Boulevard , 135-140, 147 Torrance, CA 90505

    • Price: $2,400,000
    • Status: Active
    • Updated: 236 min ago
    • ID#: SB20093350
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.23
    Acres
    3,940
    SQFT
    $609
    $/SQFT
    2007
    Built
    Neighborhood:
    127 - South East Torrance - West
    County:
    Los Angeles
    Area:
    127 - South East Torrance - West
    Property Description
    The subject property is a medical office condo in the Madrona Medical Professional Center. The property was redeveloped and built out with new tenant improvements in 2007. There are a total of 6 exam rooms and a very large open common area room within the suite that is used for physical therapy. There are also two entrances (one on either end of the unit), 2 administrative offices an employee break area and a lobby. This single story medical office condo is located in the clock tower building and has 4 dedicated parking spaces that are included in the purchase price. The total land area in the complex is approximately 96,000 square feet.The owner of the property has maintained a successful physical therapy business at this location and another location in Carson near Harbor General Hospital for many years. If an investor is interested, the owner is willing to do a sale leaseback at $16,000 per month modified gross which equates to an approximate CAP rate of 5.55% at the list price of $2,400,000. The property can also be delivered fully vacant or partially occupied for an owner-user. The location is ideal due to its close proximity to both Provident Little Company of Mary Hospital and Torrance Memorial as well as walking distance to the restaurants and stores in Del Amo Mall.The subject property consists of 7 condos combined condos 135, 136, 137, 138, 139, 140, 147.
    Exterior Features

    Entry Level 1 Lot Features Lot Over 40000 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00

    Interior Features

    Condo Area 3940 Condo Area Units Square Feet Laundry Features Inside Office Class B Office Square Footage 3940

    Property Features

    Accounting Type Actual Additional Parcels Description 7369001131736900113273690011337369001134.73690011357369001142 Additional Parcels YN No Asset Class Office Building Area Units Square Feet Building Status Existing Business Type Medical Cap Rate 5.55 Country Us Current Use Comments Physical Therapy Effective Gross 182400 Expense Year 2020 Gross Scheduled Income 192000.00 Insurance Expense 2000.00 Investment Property YN Yes Land Use Office Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 133220.00 Operating Expense 49180.00 Other Expense 1600.00 Property Sub Type Office Real Estate Tax Expense 26880.00 Special Listing Conditions Standard Tax Annual Amount 26880.00 Tax Year 2020 Total Monthly Rent 16000 Vacancy Allowance 9600 Water Source Public Year Built Source Seller

    Listing provided courtesy of Stephen Lampe of Re/Max Commercial & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-04T00:25:35.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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