Omninet Capital Acquires Office Properties In Torrance For $78M
SOLD
$78,000,000
+ 1
California
See Similar DealsOffice2,993,760 SF
Sold
SOLD
Omninet Capital Acquires Office Properties In Torrance For $78M
2377 Crenshaw Blvd, Torrance, CA 90501, USA
See Similar DealsOffice2,993,760 SF
Sold
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$26
Total Square Footage:2,993,760 SF
Transaction Type:Sale
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.
Players
BUYER
SELLER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Similar News
No recent news available for this market
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Listings
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,159,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$277,117.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$369,759.79
Annual Debt Service$4,437,117.52
Is there something missing? Send suggestions