Updated Feb 5, 2025
Optimus Properties Acquires Office Building In Torrance For $15.75M
2325 Crenshaw Boulevard, Torrance, CA, USA
$15,750,000
$259/SF
Building Size
60,804 SF
Asset Type
Office
Closing
Feb 6, 2019
About this deal
AI
The office building located at 2325 Crenshaw Blvd in Torrance has been sold in a transaction valued at $15,750,000. The property, with a total square footage of 60,804, was acquired by Optimus Properties from Transpacific Development Company. The sale price equates to approximately $259 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,750,000
- Square Footage: 60,804
- Address: 2325 Crenshaw Blvd, Torrance
The deal was facilitated by the brokers Sean Fulp, Ken White, Ryan Plummer, and Mark Schuessler from TeamShannonPCG and Newmarkkf. Notably, the property is 100% occupied by the Los Angeles County Department of Children and Family Services.
Players
Torrance Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93