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20221 Hamilton Ave
SOLD

Parkview Management Group Acquires Office In Torrance From AMC Investments For $16.8M

20221 Hamilton Ave

Office
66,825 SF
clock iconSold 243 days ago
Kristen Bowman
Steven (Steve) Solomon
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Summary

Sale
CALIFORNIA
Office
66,825 sqft

The two-story office building located at 20221 Hamilton Ave in Torrance, CA, was recently acquired for $16,800,000.00. The property spans 66,825 square feet and sits on a 3.4-acre site. It is a Class B office building completed in 1982 and underwent renovations in 2002 and 2016. The building offers standard ceilings and grade level parking, with a parking ratio of 3.5 per 1000 square feet. Conveniently situated near Interstate 110 and Interstate 145, the property is within walking distance to Del Amo Fashion Mall and downtown Torrance.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $16,800,000.00
  • Address: 20221 Hamilton Ave, Torrance, CA
  • Market: Torrance
  • Square Footage: 66,825

Barak Investors Group and MIP Investment facilitated the acquisition of the office building by Parkview Management Group Inc. JLL representatives Steve Solomon and Kristen Bowman represented the seller, AMC Investments, in the transaction. The County of Los Angeles, Child Support District Division, has been the sole occupant of the property since 1992 and recently extended its lease through December 2024. Over the years, the tenant has invested significantly in capital improvements, including a $2.4 million renovation in 2002.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Kristen Bowman's profile picture
Kristen Bowman
Colliers International-image
Vice President
$126.4M Sold

Details

Deal Summary
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SOLD
IMAGE: 01/31/2017 ADDRESS: 20221 Hamilton Ave, Torrance, CA, 90... MARKET: Torrance ASSET TYPE: Office SELLER'S REP: Kristen Bowman(Colliers International), Steven (Steve) Solomon(Colliers International) BUYER: Parkview Management G... Buyer SELLER: AMC Investments PRICE: $16,800,000.00.00 SF: 66825

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Address20221 Hamilton Ave

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