The Ruth Group Acquires Property From Equity Office In Torrance For $106.5 Million
970 W 190th St, Torrance, CA, 90502
$106,500,000
$240/SF
Building Size
443,517 SF
Asset Type
Commercial
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 970 W 190th St, Torrance, CA, 90502. The sale price was $106,500,000.00, and the property encompasses a total square footage of 443,517. This transaction took place in the Torrance market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $106,500,000.00
- Address: 970 W 190th St, Torrance, CA, 90502
- Market: Torrance
- Buyer: The Ruth Group
- Seller: Equity Office
- Buyer's Representative: Brett Green (Newmark), David Milestone (Newmark)
- Seller's Representative: Ken White (Newmark), Guillermo Boisson (NKF Capital Markets)
- Broker: Kevin Shannon (Newmark)
The transaction involved key representatives from Newmark and NKF Capital Markets. Brett Green and David Milestone represented the buyer, while Ken White and Guillermo Boisson represented the seller. The involvement of Kevin Shannon from Newmark as the broker facilitated the process of this substantial real estate transaction.
Players
Torrance Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93