3015 Artesia Boulevard
Torrance, CA 90504

Situated along a major retail thoroughfare in the heart of Torrance, 3015 Artesia Boulevard introduces investors to the ultimate value-add acquisition opportunity. The vacant retail asset is currently in shell condition and ready for a fully customized build-out, currently comprises of 3015, 3017, 3019, and 3021 Artesia Boulevard block addresses. 3015 Artesia Boulevard features large storefront glass windows, building sign optionality for tenants, and a highly adaptable floor plan. The building can also easily be converted into four storefront units with private entrances for multi-tenant functionality. Strong market fundamentals depict a Gross Lease asking rent of $1.50-1.75 per square foot, which will yield a gross monthly rent of $6,300 7,350 (proforma CAP rate of 5%). Businesses will benefit from eight (+ more if stacked) private, off-street parking spaces at the rear of the building, providing convenience for employees and visitors. The property has an approved ready-to-issue permit (RTI) for updated 600amp electrical panel. City of Torrance Commercial Rehabilitation Rebate Programs may provide grants and incentives for property improvements (https://www.torranceca.gov/Home/Components/News/News/4607/). 3015 Artesia Boulevard is a distinctly versatile asset offering endle