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Exclusively Offered By:
An Approximate 96,921 Square-Foot Mixed Used Business Park
370 & 390 AMAPOLA AVENUE, TORRANCE, CA 90501
N O T I C E O F I N V E S T M E N T O F F E R I N G
TORRANCE TECH PARK
W. 205th St
Harpers Way
Central Ave
W 205th St
Western Way
Toyota Way
W. 208th St
Dominguez StDominguez Way
Maricopa St
DEL AMO BLVD
W. 190th
CRENSHAW BLVD
WESTERN AVE
TORRANCE BLVD
Amapola Ave
Portola Ave
Tech Way
Gramercy Pl
Manhattan Pl
Main St
Sartori Ave
Ampapola Ave
Acacia Ave
Madrid Ave
Beech Ave
Van Ness Ave
SAN DIEGO FREEWAY 405
TORRANCE TECH PARK
T O R R A N C E T E C H P A R K
Exclusively Offered By: Local Market Specialist:
Voit Real Estate Services, as exclusive advisor, is pleased to present for sale the fee simple interest in the Torrance Tech Park, an approximate 96,921 square-foot industrial and office business park. The project features an approximate 30,674 square-foot, flex single-story industrial building and an approximate 66,247 square-foot, two-story, flex-office building, all on an approximate 4.44 acre site featuring concrete driveways between the loading areas of the two buildings. The property is 93% leased and offered at $10,400,000, which equates to an 8.48% cap rate on existing net operating income. An investor can improve returns through the assumption of the existing non-recourse debt that encumbers the property.
The project was constructed in 1986 of concrete tilt-up panels, with an architecturally enhanced design and upgraded landscaping. The project has excellent vehicle circulation and ample on-site parking. Tenants are offered an abundance of window line and efficient office layouts. Unit sizes range from 839 to 6,986 square feet, creating the flexibility to accommodate a variety of tenant requirements and tenant expansion within the project.
Property SpecificationsAddress 370 & 390 Amapola Avenue, Torrance, CA 90501
Net Rentable Area 96,921 SF
Site Area 4.44 Acres
Site Coverage 50.1%
Year Built 1986
Parking 3.26 : 1
Offering Summary Assumable FinancingPrice $10,400,000 Principal Balance $4,800,579*
Net Operating Income $882,005 (In-Place) Annual Interest Rate 5.00% (Fixed)
Capitalization Rate 8.48% (In-Place) Amortization 30 Years
Occupancy 93.4% Recourse No
*(estimate as of 8/5/10)
Alan S. Pekarcik, SIORExecutive Vice [email protected]
2020 Main Street, Suite 100Irvine, CA 92614(949) 851-5100 / Fax: (949) 253-9705Visit us on the web: http://www.team-pv.com
Daniel N. Vittone, SIOR Senior Vice President [email protected]
Michael Hefner, SIOR Executive Vice President [email protected]
Lary CarltonSenior Vice [email protected]
Clint McMorrisSenior Vice [email protected]
2050 W. 190th Street, Suite 101Torrance, CA 90504(310) 787-1000 / Fax: (310) 787-6869
