Gramercy Plaza

1031 Exchange into DST

Sold

$1,562,101

2022.01.14

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Property Description

Top Gun CRE is pleased to present the opportunity to acquire a premier, Class A office building in the South Bay region of Los Angeles County structured as a Delaware Statutory Trust (DST). Located at 2050 West 190th Street in Torrance, California, this property includes a two-level parking structure and contains approximately 158,376 rentable square feet. The property was constructed in 1991 and renovated in 2019.

Known for its luxurious suburban lifestyle and its spectacular coastline, the South Bay region benefits from a diverse economy, skilled labor force, the benefits of a pleasant lifestyle, and its strategic location along the Pacific Ocean. Its thriving economy, tremendous residential desirability, high quality of life, and various recreational and cultural options provide an excellent location for commercial properties.

Gramercy Plaza is in the South Bay region of Los Angeles County, California. With a population of 13.3 million people, the Los Angeles metro is the second most populous in the country, and the most populous in California. The city of Los Angeles has the second largest GDP in the U.S. and the third largest globally for cities.

• Diversified Tenant Roster: 90% Leased
• Escalating Rental Increases
• Management-Free Investment Opportunity
• Located in 190th Street Corridor - A Competitive Submarket in the South Bay Market Area
• Monthly Cash Flow: 7.00% (Projected, Year 1)

Contact Agent

Joseph Barela

(760) 718-8793

DRE #02132418

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Marketing Package

Property Details

Property Type

Office

Units

SqFt

158,376

Unit Mix

Year Built

1991/2019

Price

Price/Unit

Price/SF

GRM

Cap Rate

$1,562,101

Property Location