DAILY BREEZE REAL ESTATE
Torrance strip mall sells for more than $10 million
A Santa Monica-based real estate investment firm has purchased a Torrance strip mall for $10.65 million in cash, which the brokers involved in the deal said indicates demand is outpacing supply in the commercial real estate market.
Hanley Investment Group Real Estate Advisors announced the sale of Pacific Plaza, a 23,438-square-foot shopping center at the northeast corner of Sepulveda and Crenshaw boulevards in Torrance, for $10,650,000.
Metro Properties purchased the 2.15-acre property at Sepulveda and Crenshaw boulevards from Vancouver, Wash.-based Holt Group, said Irvine-based Hanley Investment Group Real Estate Advisors, which represented both the buyer and seller.
The fully occupied 23,438-square-foot strip mall, built in 1992, includes as tenants The UPS Store, Subway, H&R Block and a nail salon.
“The closing of this multi-tenant retail property is continued evidence of the high demand for good quality retail property that is located in major metropolitan areas,” said William B. Asher, managing director of Hanley.
— Nick Green
Offered by the Torrance Historical Society 1:30 p.m. every 4th Sunday of the month through October, the tour lasts approximately 90 minutes and are docent-led. Meet at the Torrance Historical Society and Museum, located at 1345 Post Avenue.
For more information, call 310 328-5392.
A traditional style beauty of a house on a tree lined, suburban street in Walteria. Behind the red door the living and dining room with gleaming wood floors is there to greet you. Around the corner is the wow factor… Remodeled kitchen and huge sunny family room. This Spring the kitchen was updated with new granite, glass and travertine backsplash plus stainless Frigidaire Gallery collection appliances. Family room is huge, open and super bright with 2 skylights, Gas fireplace, soaring vaulted ceiling and slider that opens to the back yard which is great for entertaining. Large Master suite with vaulted ceiling and walk-in closet was custom designed to fit a King sized bed, two nightstands, dresser plus a chest of drawers. Enjoy the private ensuite master bath with designer metallic paint, high ceiling and skylight. Wonderful convertible floor plan were you can have it be 4 bedrooms or use the attached bedroom as an office open to the master suite as it is currently used. The full hallway bathroom was remodeled recently as well. Detached 2 car garage with long driveway for a few cars.
You have the curb appeal, great location and cool floor plan what are you waiting for?
List Price: $815,000
Size: 1,6660 sq. ft. (assessor’s data)
School District: Torrance Unified (Walteria ES | Richardson MS | South HS)
Year Built: 1952
25219 Weston Rd., Torrance, CA 90505
Contact: Lucy Garber at (310) 293-4866 or email@example.com.