Sheri Messerlian & Ilmar Kalviste Of NAI Capital Commercial Represent Buyer In $8.25M Torrance Retail Sale
23865 Hawthorne Boulevard
$8,250,000
$3,437/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Dec 3, 2025
AI
A 2,400-square-foot retail building located at 23865 Hawthorne Boulevard in Torrance was sold for $8,250,000. The property has a long-term lease with Starbucks and is situated on approximately 40,000 square feet of high-visibility land along a major South Bay thoroughfare, which presents low management requirements and strong tenant credit.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,250,000
- Address: 23865 Hawthorne Boulevard
- Market: Torrance
- Square Footage: 2,400
- Price per Square Foot: $3,438
- Seller's Representative: CBRE
- Buyer's Representatives: Sheri Messerlian & Ilmar Kalviste - NAI Capital Commercial
NAI Capital Commercial facilitated the transaction, with Sheri Messerlian and Ilmar Kalviste representing the buyer in a 1031 Exchange, highlighting the strategic nature of the acquisition for the investor's portfolio.
Players
Torrance Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93