21600 Normandie Ave, Torrance, CA 90502
5 Retail Properties Offered at $56,000,000 in Torrance, CA
Asking Price $56,000,000
- Property Type
-
Retail
- Square Feet
- 111,300 SF
Listing Contacts
Stephen Soqui
- Property Info
Property Overview
Carson & Normandie Plaza is positioned at the dynamic signalized intersection of Carson Street and Normandie Avenue. The 100% occupied attractive, single-story building and pads provide consistent cashflow while hedging inflation with 3% - 5% annual rent escalations on the vast majority of the leases.
The intersection generates tremendous traffic and the property has four access points with over 1,000 feet of frontage on Carson Street. There is excellent signage for the successful tenants with long-term NNN leases. The Plaza is well parked with 372 spaces which equates to a 3.29 to 1 ratio.
The highly visible grocery-anchored center has tenants such as Superior Grocers, Rite Aid, Carl’s Jr with drive-thru, Starbucks with drive-thru, Pizza Hut, O’Reilly Auto Parts, and Dollar Tree to name a few. Located within blocks of the 110 Harbor Freeway, the Plaza is also close to the 405 San Diego Freeway.
Offered at a 5.5% Cap Rate and a low cost per foot of $495, this offering provides an investor the opportunity to purchase one of the Premier Shopping Centers in the South Bay at a very attractive price.
The intersection generates tremendous traffic and the property has four access points with over 1,000 feet of frontage on Carson Street. There is excellent signage for the successful tenants with long-term NNN leases. The Plaza is well parked with 372 spaces which equates to a 3.29 to 1 ratio.
The highly visible grocery-anchored center has tenants such as Superior Grocers, Rite Aid, Carl’s Jr with drive-thru, Starbucks with drive-thru, Pizza Hut, O’Reilly Auto Parts, and Dollar Tree to name a few. Located within blocks of the 110 Harbor Freeway, the Plaza is also close to the 405 San Diego Freeway.
Offered at a 5.5% Cap Rate and a low cost per foot of $495, this offering provides an investor the opportunity to purchase one of the Premier Shopping Centers in the South Bay at a very attractive price.
Highlights
- Strategically Located in the Signalized Intersection of Carson Street & Normandie Avenue
- Outstanding Demographics with 207,425 people within a 3 mile radius and an average household income of $113,908
- Directly Across the street from The Harbor UCLA Medical Center
- Stellar Tenants with Superior Grocers, Rite-Aid, Carl’s Jr, Starbucks, Dollar Tree, Pizza Hut, O’Reilly Auto Parts, and many more
- Well Parked with 372 Spaces (3.29 to 1 Parking Ratio)
- 100% Leased with 31 Tenants on Long-Term NNN Leases
All available spaces
- Space
- Size
- 4,900 SF
- Space Subtype
- Retail
- Space
- Carl's Jr.
- Size
- 2,500 SF
- Space Subtype
- Retail
- Space
- Size
- 6,700 SF
- Space Subtype
- Retail
- Space
- Cost Saver Market
- Size
- 91,500 SF
- Space Subtype
- Retail
- Space
- Size
- 5,700 SF
- Space Subtype
- Retail
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