Jan
31
Torrance Office Asset Changes Hands in $17M Deal
ByThe property has been fully occupied by The County of Los Angeles for the past 25 years.
Torrance, Calif.— Barak Investors Group and MIP Investment recently announced that it has arranged a $16.8 million acquisition of a two-story office building in Torrance, on behalf of Parkview Management Group Inc. JLL representatives Steven Solomon and Kristen Bowman marketed the property on behalf of seller AMC Investments.
Located at 20221 Hamilton Ave. on a 3.4-acre site, the 66,825-square-foot Class B office building was completed in 1982 and renovated in 2002 and in 2016. The asset features standard ceilings and grade level parking, with a parking ratio of 3.5 per 1000 square feet and offers easy access, being in close proximity to Interstate 110 and Interstate 145 and within walking distance to Del Amo Fashion Mall and downtown Torrance…
