Office Properties in Torrance, California, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and growing population of around 147,000 residents. As a hub for industries such as automotive manufacturing, aerospace, retail, and food production, Torrance provides a diverse range of investment options. Office Properties, in particular, represent a solid investment choice, given the city's well-planned infrastructure, which includes a balanced mix of residential, commercial, and industrial districts. Torrance's amenities, such as its 30 parks, beachfront, and nature preserve, the Madrona Marsh, make it an attractive location for businesses and employees alike. The city's proximity to major transportation facilities, including Zamperini Field airport, highways, and freeways, further enhances its appeal. Notable companies, such as American Honda Motor Company, Acura, and Robinson Helicopters, have already established a presence in Torrance, making it an ideal location for businesses looking to tap into the city's economic growth. With 14 Office Properties for sale, investors have a range of options to choose from, including properties with average prices per square foot of $740 USD, average sizes of 8,255 square feet, and largest sizes of up to 24,400 square feet. The average cap rate for Office Properties in Torrance is 5.07%. As a business-friendly city, Torrance offers an ideal environment for companies to grow and thrive, making Office Properties a smart investment choice.
Torrance's Office Properties are just one aspect of the city's diverse commercial real estate landscape. In addition to Office Properties, investors can also explore opportunities in Commercial Real Estate, which offers a range of options, from retail spaces to industrial facilities. Apartment Buildings are another popular choice, given the city's growing population and demand for housing. Shopping Centers, such as the Del Amo Fashion Center, one of the largest malls in the United States, provide a unique investment opportunity, while Hotels, like those near the beachfront, cater to the city's tourist industry. With its strong economy, diverse industries, and well-planned infrastructure, Torrance offers a unique investment environment that is hard to find elsewhere. Whether you're looking to invest in Office Properties or explore other commercial real estate options, Torrance has something to offer. With its rich history, cultural attractions, and natural beauty, Torrance is an attractive location for businesses and investors alike, making it an ideal place to invest in commercial real estate.
What is the average price per square foot for office properties in Torrance?
The average price per square foot for office properties in Torrance is $740 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Torrance, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, often attracting large corporations and commanding higher rental rates.
- Class B office properties offer functional spaces with standard amenities, decent locations, and average finishes, appealing to smaller businesses and startups.
- Class C office properties are often older buildings with limited amenities, less desirable locations, and basic finishes, typically attracting budget-conscious tenants.
Currently, there are 14 office properties for sale in Torrance, with an average price per square foot of $740 USD, an average size of 8,255 square feet, and a largest size of 24,400 square feet. The average cap rate for these properties is 5.07%.
