Updated Apr 14, 2026
Bridgit Mendler's Northwood Space Corp Signs 180,269 Square Foot Lease In Torrance
18500 Crenshaw Boulevard
Building Size
180,269 SF
Asset Type
Industrial
Closing
Apr 9, 2026
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 18500 Crenshaw Boulevard in Torrance, California. The asset spans a total of 180,269 square feet, accommodating the operations of Northwood Space Corp, which has recently signed a lease for the space to enhance its manufacturing capabilities for phased-array ground stations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 18500 Crenshaw Boulevard
- Market: Torrance
- Tenant: Bridgit Mendler - Northwood Space Corp
- Square Footage: 180,269
The deal was facilitated to support Northwood Space Corp's growth, driven by $149.8 million in recent funding and government contracts. This transaction underscores the strong demand for aerospace and defense tenants in Los Angeles’ industrial market.
Players
Torrance Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93