Updated Jul 16, 2025
Omninet Capital Acquires Office Properties In Torrance For $78M
2377 Crenshaw Blvd, Torrance, CA 90501, USA
$78,000,000
$26/SF
Building Size
2,993,760 SF
Asset Type
Office
Closing
May 27, 2020
About this deal
AI
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.
On the Map
$78,000,000
$26/SF
Office
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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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93