Retail

Westgate Shopping Center (Sale)

17400 Hawthorne Blvd, Torrance, CA, 90504-3109, US

Westgate Shopping Center (Sale)_Property for Sale

Gallery

Asset description

JLL has been engaged as the exclusive advisor to extend to qualified investors the opportunity to acquire the fee simple interest in Westgate Shopping Center (the “Property”), a 102,389 SF square foot DSW, Big 5 Sporting Goods, Wells Fargo, Dave’s Hot Chicken, and Harbor Freight Tools anchored shopping center located along the main retail corridor in Torrance at the SE corner of Hawthorne Blvd and Artesia Blvd. With proximity to the I-405 Freeway, this gateway shopping center is a centerpiece for South Bay residents. Significant investments are being made in the immediate trade area at South Bay Galleria and the approved metro green line extension. Westgate Shopping Center presents the rare opportunity to acquire a dominant neighborhood center with immense growth potential.

Attributes

Building area Net
9,512 sm
Occupancy
94.00%
Year built
1963

Investment highlights

VALUE-ADD OPPORTUNITY IN BELOWMARKET RENTS IN A PRIME LOCATION


DAILY NEEDS CENTER WITH LEASING MOMENTUM


HIGH PROFILE INTERSECTION


SEPARATELY PARCELED


REDEVELOPMENT OF SURROUNDING AREA AND METRO EXPANSION


HIGH PERFORMING BANK TENANT WITH UPSIDE


NEAR TERM ROLLOVER ALLOWING MAXIMUM FLEXIBILITY FOR FUTURE UPSIDE

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Last updated
Nov 30, 2022