Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1963
Building Area Net
Occupancy 94.0 %
Call for Offers

Property 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.

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

Last Updated Date: 11 Aug 2022

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Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

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Last Updated Date: 11 Aug 2022

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

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