REBusinessOnline

Newmark Knight Frank Arranges $11.3M Sale of Office Property in Torrance, California

3520-Challenger-St-Torrance-CA

Located at 3520 Challenger St. in Torrance, Calif., the building features 49,336 square feet of office space, including 5,200 square feet of storage warehouse space accessible by two dock-high loading doors and one ramped loading area.

TORRANCE, CALIF. — Newmark Knight Frank (NKF) has arranged the sale of an office building, located at 3520 Challenger St. in Torrance. Excelsior Partners acquired the asset from Fairway LLC for $11.3 million.

Sean Fulp, Ken White, Ryan Plummer and Mark Schuessler of NKF’s Team Shannon Private Capital Group, led by Fulp and Kevin Shannon, represented the seller, while the buyer was self-represented in the transaction.

Built in 1990 and renovated in 2016, the two-story property is situated on 2.5 acres and offers a flex industrial component with approximately 5,200 square feet of storage warehouse space accessible by two dock-high loading doors and one ramped loading area. Bobit Business Media, a media publisher and events producer, fully occupies the 49,336-square-foot property.

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