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19700 & 19750 South Vermont Avenue
SOLD

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

19700 & 19750 South Vermont Avenue

Office
116,220 SF
clock iconSold 1 year ago
Kristen Bowman
Steve Solomon
Mark Schuessler
+ 3
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Summary

Sale
CALIFORNIA
Office
116,220 sqft

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.

Players

  • All

    6

  • Agents

    5

  • Agencies

    1

Kristen Bowman's profile picture
Kristen Bowman
Colliers International-image
Vice President
$73.5M Sold
Steve Solomon's profile picture
Sean Fulp's profile picture

Details

Deal Summary
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SOLD
IMAGE: Kristen Bowman, Mark Schuessler, Ryan Plummer, Steve Solomon & Sean Fulp DATE: 05/15/2023 ADDRESS: 19700 & 19750 South Vermont Avenue MARKET: Torrance ASSET TYPE: Office BUYER: Borstein Enterprises SELLER: Westport Capital Partners BROKERS: Steve Solomon, Mark Schuessler (@MarkSchuess), Sean Fulp (@SeanaFulp), Ryan Plummer(@RyanOPlum) & Kristen Bowman - Colliers (@ColliersInternational) SALE PRICE: $24,755,000 SF: 116,220 ~ PPSF: $213 NOTE: Colliers has sold DYAD South Bay, a 116,220-square-foot office campus in Torrance, to Borstein Enterprises for $24,755,000. The sale reflects strong demand for quality assets and the property is expected to benefit from reduced office supply in the market due to neighboring buildings being converted into warehouses.

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Address19700 & 19750 South Vermont Avenue

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