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3440 Lomita Boulevard, Torr...

Cedars-Sinai Medical Center Acquires Medical Office In Torrance For $37.8M
SOLD

Cedars-Sinai Medical Center Acquires Medical Office In Torrance For $37.8M

3440 Lomita Boulevard, Torrance, California 90505, United States

$37,800,000

$517/SF

Building Size

73,000 SF

Asset Type

Closing

May 15, 2022

AI

The medical office building located at 3440 Lomita Boulevard in Torrance has been sold for $37,800,000. The property was acquired by Cedars-Sinai Medical Center. The transaction took place on May 16, 2022. The medical office building is situated in the Torrance market and is known for its medical facilities.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $37,800,000
  • Address: 3440 Lomita Boulevard, Torrance
  • Buyer: Cedars-Sinai Medical Center
  • Date: May 16, 2022

Cedars-Sinai Medical Center, a renowned medical institution, has acquired the medical office building located at 3440 Lomita Boulevard in Torrance. This transaction highlights the institution's ongoing expansion and commitment to providing exceptional healthcare services to the community.

Players

CC
Cedars-Sinai Medical CenterBuyer

Torrance CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93