Updated Apr 9, 2026
Keenan Renews 71,000-SF Office Lease At 2355 Crenshaw Boulevard In Torrance
2355 Crenshaw Boulevard
Building Size
71,000 SF
Asset Type
Office
Closing
Apr 3, 2026
About this deal
AI
The asset involved is an office space located at 2355 Crenshaw Boulevard, encompassing a total of 71,000 square feet. This property is situated in the Torrance market, which has experienced a structured leasing environment as evidenced by its 21.4% availability rate in Q1 2026, falling below the Los Angeles average. The general office leasing trends indicate a rise of 2.7% year-over-year despite challenges such as declining sublease space and ongoing landlord concessions.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2355 Crenshaw Boulevard
- Market: Torrance
- Tenant: John Stephens - Keenan
- Asset Size: 71,000 SF
John Stephens represents Keenan, a Torrance-based insurance brokerage and consulting firm that has renewed its lease for the headquarters at this location, securing its position in the South Bay submarket.
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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