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NKF Completes Torrance Office Sale
NKF Capital Markets completed the sale of a 77,201-square-foot Class A office building in Torrance, CA for $19.1 million or $247-per-square-foot. The asset is triple-net leased in its entirely to Maritz Holdings, Inc., a sales and marketing services company.
Built in 2000, the property is situated on 3.78 acres of land at 20285 South Western Ave. The property is adjacent to the 110-acre Toyota Campus redevelopment project, which is anticipated to transform the local market once completed.
NKF’s Kevin Shannon, Ken White and Michael Moore represented the seller, Mar Ventures, the original developer of the property. The buyer, Miramar Capital, was self-represented.
“Torrance is clearly benefiting from the momentum of the neighboring El Segundo submarket,” Shannon said. “The depth of capital for Torrance has tripled in the last two years.”
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- ◦Sale/Acquisition


