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

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.