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970 W 190th St, Torrance, C...

The Ruth Group Acquires Property From Equity Office In Torrance For $106.5 Million
SOLDCommercial

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:

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

Ken White

Newmark

Broker

$6.1B

vol

96 deals

Broker
EO
Equity OfficeSeller

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