Colliers Sells DYAD South Bay Office Campus In Torrance To Borstein Enterprises

Colliers has sold DYAD South Bay, a 116,220-square-foot office campus located at 19700 & 19750 South Vermont Avenue, in Torrance. The property was purchased by Borstein Enterprises from Westport Capital Partners for a total of $24,755,000, at a price per square foot of $213. This transaction reflects the strong demand for quality assets in the market and the property is expected to benefit from reduced office supply due to neighboring buildings being converted into warehouses.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $24,755,000
• Square Footage: 116,220
• Address: 19700 & 19750 South Vermont Avenue
• Market: Torrance

The deal was facilitated by Colliers, with brokers Steve Solomon, Mark Schuessler, Sean Fulp, Ryan Plummer, and Kristen Bowman representing the involved parties. Borstein Enterprises acted as the buyer while Westport Capital Partners was the seller. This transaction highlights the expertise of the brokers in successfully closing a deal for the office campus in Torrance.