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2355 Crenshaw Boulevard

Updated Apr 9, 2026

Keenan Renews 71,000-SF Office Lease At 2355 Crenshaw Boulevard In Torrance
LEASEDOffice

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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Players

John Stephens

Keenan

Tenant

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Torrance Office Market Snapshot

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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

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