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Torrance Memorial Specialty Center

Off-Market

2841 Lomita Blvd, Torrance, CA 90505

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  • Property Type Office - Medical Office
  • Property Size 65,000 Sqft
  • Lot Size 4.57 Acre
  • Parking Spaces Avail. 299
  • Parking Ratio 4.60/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2012

Location

  • City Torrance, CA
  • Neighborhood Walteria
  • Zip Code 90505
  • Market Los Angeles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 08 Nov, 2013
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Torrance

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Torrance Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $34.47
  • 2020 Office Vacancy Rate 14.21%
  • 2020 Office Completions (Sqft)
View more Torrance market trends

Tax

  • Property Tax in 2021-2022 $512,565
  • Market Value $45,744,278
  • Assessed Value $45,744,278

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Torrance Memorial Specialty Center?

Torrance Memorial Specialty Center totals 65,000 square feet.

When was this property built?

Torrance Memorial Specialty Center was built in 2012.

When was Torrance Memorial Specialty Center last sold?

Torrance Memorial Specialty Center was last sold on 08 Nov, 2013.

What is the property tax for Torrance Memorial Specialty Center?

The property tax for Torrance Memorial Specialty Center in 2021-2022 was $512,565.

What is the market value for Torrance Memorial Specialty Center?

The market value for Torrance Memorial Specialty Center in 2021-2022 was $45,744,278.

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