Here's what I remember about the film. I think the title may have been something like "Xor" but Google reveals nothing. I think it had a mostly black cover with the title at the bottom, but I could be wrong.
I know it had an Asian-looking female who was possibly Chinese, Japanese, or Korean in black and white form fitting almost Power Ranger-style body armor, minus the helmet, with dark hair in a pony tail.
She fights a monster in a building like structure that maybe resembles a parking garage. The monster is humanoid-esque and has two tentacle like appendages that come out of its head, maybe.
There are also two possibly Asian-looking guys who drive a small boxy (possibly white) delivery van/truck around. One of them gets attacked and has a circular wound inflicted on his arm by the monster's tentacle appendage.
I know I rented the film at Blockbuster back when I was a kid, so it was released in America and dubbed. Probably it was from the 1980s but it could have been from the early 1990s? (or 1970s?)