Retail
South Bay Village

South Bay Village 19330 Hawthorne Blvd.
Torrance, CA 90503

  • Unpriced

    Asking Price

  • $2,208,888

    NOI

  • 107,706

    Square Feet

  • Multi

    Tenancy

  • 2013

    Year Renovated

  • 75%

    Occupancy

Offering Summary

Address

  • 19330 Hawthorne Blvd.
    Torrance, CA 90503

Pricing

  • Asking PriceUnpriced
  • NOI$2,208,888

Details

  • Property TypeRetail
  • Listing StatusOn Market
  • Square Feet107,706
  • Occupancy75%
  • Year Renovated2013
  • Stories1
  • TenancyMultiple
  • Lease TypeNNN

Address

  • 19330 Hawthorne Blvd.
    CA 90503

Pricing

  • Asking PriceUnpriced
  • NOI$2,208,888

Details

  • Property TypeRetail
  • Listing StatusOn Market
  • Square Feet107,706
  • Occupancy75%
  • Year Renovated2013
  • Stories1
  • TenancyMultiple
  • Lease TypeNNN

Description

INVESTMENT SUMMARY

The offering is a rare opportunity to acquire South Bay Village, a high performing, grocery anchored shopping center located along the premier retail corridor in the South Bay. South Bay Village is a 107,706 square foot shopping center strategically located along Hawthorne Boulevard in the heart of the Torrance sub-market. This center is comprised of a thoughtfully curated merchandizing mix including Walmart grocer, and Home Goods as well as El Pollo Loco. 

In addition, the center currently has a vacant box and enclosed former garden center consisting of 49,624 square feet that was formerly occupied by Orchard Supply Hardware. The lease for the premises remains in effect and is guaranteed by Lowe’s Companies, Inc until the expiration in September 2032. Current rents for this space are under market so excellent potential future upside for prospective investors. In addition to strong sales performance and “best in class” credit, South Bay Village offers an unparalleled location, dedicated signalized access, and an attractive aesthetic design. 

Torrance continues to be one of the most dynamic retail sub-markets in Los Angeles County fueled by a dense and affluent population base including the communities of Palos Verdes and the Beach Cities. The daytime demographics are also impressive with major employers such as Honda, Torrance Memorial, and Honeywell all in close proximity. The average household income in the city of Torrance is in excess of $126,000 per year.

South Bay Village offers investors the opportunity to acquire a dominant grocery anchored center in one of the top retail sub-markets in Los Angeles County. Given the strength of credit backing the four leases, the asset offers certainty in terms of steady, uninterrupted cash flow with contractual rent growth as well as potential significant upside through future re-tenanting of the former OSH box.

INVESTMENT HIGHLIGHTS

  • High performing grocery anchored center
  • Tremendous infill location in one of Southern California’s most coveted sub-markets
  • Best in Class credit tenants and strong sales history
  • Dense and affluent South Bay trade area 
  • Excellent future upside associated with the former OSH box
  • Recent renewal by Home Goods illustrates stability of the asset
  • Limited management given only four tenants
  • Very strong intrinsic property value given the location and size of the property
  • Outstanding identity and accessibility with dedicated signalized access to the center
  • Strong synergy with the Torrance Promenade located adjacent to the property

Deal Team

Bill Bauman

Bill Bauman

Vice Chairman

213-298-3593 bill.bauman@nmrk.com

CA RE Lic. #00969493

Kyle Miller

Kyle Miller

Executive Managing Director

310-227-0826 kyle.miller@nmrk.com

CA RE Lic. #01716644