SOLD
Legacy Partners Acquires Del Amo Village Development Site In Torrance For $18.3M
1844 Plaza del Amo
Development Site
Sold 357 days ago
Summary
Sale
CALIFORNIA
Development Site
Newmark, a real estate company, has concluded the $18.3 million sale of Del Amo Village, a multifamily development site in Torrance, California. The 2.8-acre property, located at 1844 Plaza del Amo, has entitlements for 200 market-rate units. Legacy Partners emerged as the buyer in this transaction, taking advantage of the opportunity for new development in a supply-constrained submarket of the South Bay.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $18,300,000
- Market: Torrance
- Address: 1844 Plaza del Amo
- Acres: 2.8
The deal was facilitated by Kevin Shannon, Ken White, Chris Benton, Michael Moore, and Anthony Muhlstein from Newmark, who represented the sellers: PCCP, LaCaze, Muller Company, and Bentall GreenOak.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: 05/11/2023
ADDRESS: 1844 Plaza del Amo
MARKET: Torrance
ASSET TYPE: Development Site ~ ACRES: 2.8
BUYER: Legacy Partners
SELLER: PCCP, LaCaze, Muller Company & Bentall GreenOak
BROKERS: Kevin Shannon, Ken White, Chris Benton, Michael Moore & Anthony Muhlstein - Newmark
SALE PRICE: $18,300,000
NOTE: Newmark, a real estate company, has concluded the $18.3 million sale of Del Amo Village, a multifamily development site in Torrance, California. The 2.8-acre property has entitlements for 200 market-rate units, and Legacy Partners emerged as the buyer, seizing the opportunity for new development in a supply-constrained submarket of the South Bay.View on map
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Address1844 Plaza del Amo
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