SOLD
Brookfield Asset Management Acquires 5.2 Acre Office Property In Torrance For $36.1M
19701 Hamilton Avenue
Office
122,000 SF
122,000 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Office
122,000 sqft
Brookfield Asset Management has acquired a 5.2-acre office property located at 19701 Hamilton Ave. in Torrance, California. The transaction was facilitated by Montana Avenue Capital, with Chad Solomon from JLL representing the buyer and Steve Solomon from JLL representing the seller.
Summary of transation details
- Property Type: Office
- Transaction Amount: $36,100,000
- Address: 19701 Hamilton Ave.
- Market: Torrance
- Asset Type: Office
- Acres: 5.2
This significant transaction involves the purchase of an office property spanning 5.2 acres in Torrance, California. The property consists of approximately 122,000 square feet, with a sale price of $36,100,000, resulting in a price per square foot of $295. The deal was struck off-market, and the pricing was based on $165 per square foot, according to a note from JLL.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: Chad Solomon & Steve Solomon
DATE: 02/24/2022
ADDRESS: 19701 Hamilton Ave.
MARKET: Torrance
ASSET TYPE: Office ~ ACRES: 5.2
BUYER: Brookfield Asset Management
SELLER: Montana Avenue Capital
BUYER’S REP: Chad Solomon (@Chad.Solomon) - JLL (@JLL)
SELLER’S REP: Steve Solomon - JLL (@JLL)
SALE PRICE: $36,100,000
SF: 122,000 ~ PPSF: $295
NOTE FROM @JLL: 5.2 acre covered land play in Torrance, CA. Deal was struck off market & pricing was $165 plsf.View on map
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Address19701 Hamilton Avenue
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