The Real Deal Los Angeles

Montana Avenue Capital Partners pays $25.5M for Torrance office complex

Buildings are 97 percent occupied

March 25, 2016 11:30AM

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Torrance Pointe

Santa Monica-based real estate investment company Montana Avenue Capital Partners has forked out $25.5 million for a three-building office campus known as Torrance Pointe, at Torrance Boulevard and Western Avenue, the Daily Breeze reported.

The seller was Denver-based Amstar Capital, which bought the property for $20.3 million in 2005.

The 145,280-square-foot property, at at 21041-21081 South Western Ave., is 97 percent occupied by tenants such as Honda and AT&T.

HFF represented the seller. [Daily Breeze]Katherine Clarke