Omninet Capital Acquires Office Properties In Torrance For $78M

Omninet Capital has purchased an office asset in Torrance for $78,000,000. The property, located at 2355, 2377 Crenshaw Blvd, 5601 East Slauson Ave, and 5701 South Eastern Ave, spans a total of 299,376 square feet. The price per square foot for this transaction was $260.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $78,000,000
• Square Footage: 299,376
• Price per Square Foot: $260
• Market: Torrance

The buyers in this deal were Omninet Capital, while the sellers were Colony Capital Inc and TA Associates. The brokers involved in the transaction were Michael Moore, Kevin Shannon, Ken White, and Scott Schumacher.