Brookfield Asset Management Acquires 5.2 Acre Office Property In Torrance For $36.1M

Brookfield Asset Management has acquired a 5.2-acre office property located at 19701 Hamilton Ave. in Torrance, California. The transaction was facilitated by Montana Avenue Capital, with Chad Solomon from JLL representing the buyer and Steve Solomon from JLL representing the seller.

Summary of transation details

• Property Type: Office
• Transaction Amount: $36,100,000
• Address: 19701 Hamilton Ave.
• Market: Torrance
• Asset Type: Office
• Acres: 5.2

This significant transaction involves the purchase of an office property spanning 5.2 acres in Torrance, California. The property consists of approximately 122,000 square feet, with a sale price of $36,100,000, resulting in a price per square foot of $295. The deal was struck off-market, and the pricing was based on $165 per square foot, according to a note from JLL.