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12/24/25
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Village Del Amo, a newly renovated, 166.4k sf grocery-anchored retail center in Torrance, traded for $108.5 mil ($652/sf). The asset is located at 21201-21327 Hawthorne Blvd, at Torrance Blvd.
At the time of sale, Village Del Amo was 92.3% leased and anchored by Hannam Chain, a leading Korean supermarket. The property featured an in-place capitalization rate of 6.12%. The center includes a diverse and complementary tenant mix of national and regional operators, including BevMo, U.S. Bank, Wells Fargo, Starbucks, Tendergreens, Benihana, and The Learning Experience.
Village Del Amo ranks among the most heavily trafficked retail destinations in the South Bay, an affluent coastal submarket of Los Angeles characterized by strong household incomes and highly regarded school districts. The property benefits from prominent frontage at the signalized intersection of Hawthorne Blvd and Torrance Blvd, with combined traffic counts exceeding 99,000 vehicles per day, generating approximately 3.5 million visits over the past 12 months.
David Shaby III and Stefan Neumann with NAI Capital Commercial represented the 1031 exchange buyer, Wilson Investments LLC, in the transaction. The property seller was Del Amo Associates LLC.
“While retail has faced heightened scrutiny from investors in recent years, this transaction underscores the strength of well-located, grocery-anchored assets in affluent markets,” said David. “Village Del Amo combines irreplaceable real estate, dense demographics, and a tenant roster that continues to drive consistent leasing demand. We have seen a clear resurgence of interest from institutional capital targeting necessity-based retail, particularly where fundamentals support long-term income durability and downside protection.”
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