facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Medical Office

/

Loan

/

23430 Hawthorne Boulevard

Updated Aug 14, 2025

Gantry Secures $85 Million Refinance For Medical Office Properties Adjacent To Torrance Memorial
FINANCEDMedical Office

Gantry Secures $85 Million Refinance For Medical Office Properties Adjacent To Torrance Memorial

23430 Hawthorne Boulevard & 3640 Lomita Boulevard

$85,000,000

$101/SF

Building Size

420,860 SF

Asset Type

Medical Office

Closing

Jul 24, 2025

About this deal

AI

Two medical office properties were refinanced, totaling 420,860 square feet, located at 23430 Hawthorne Boulevard and 3640 Lomita Boulevard in the Torrance market. The total loan amount secured for these properties is $85,000,000, which was arranged for a private investor through a correspondent insurance company lender. The loan terms include a 10-year fixed-rate structure, along with funds allocated for tenant improvements and leasing costs.

Summary of transaction details:

Gantry was responsible for securing the refinancing, highlighting their role in facilitating the transaction for the private investor. The loans encompass properties adjacent to Torrance Memorial Medical Center, including the 10-building Skypark Medical campus and an additional nearby facility.

On the Map

Open live map

$85,000,000

$101/SF

Medical Office

View full map

Players

George Mitsanas

Gantry

Broker

$896.8M

vol

16 deals

Broker
Gantry
GantryBrokerage
Bilt advertisement

Torrance Medical Office Market Snapshot

Boundary boundary · Medical Office · Loan transactions

Loading comparables…

Deal FAQ

About $101 per square foot on a published $85M for 841,720 square feet (2025).

Visit Alicia Sabanero to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets