Epson Madrona sells to REIT

Office building occupied by Honda, Kaiser Permanente

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Grubb & Ellis represented Santa Ana, Calif.-based Triple Net Properties in the purchase of Epson Madrona, a 211,388-square-foot office building in Torrance, Calif. The transaction was valued at $46 million. The three-story building, which is located at 20770 Madrona Ave., was 85 percent leased at the time of sale. The property is leased on a long-term basis to Honda, Kaiser Permanente and Navcom/John Deere. The asset was sold by Southwest Value Partners of San Diego. Kevin Shannon of Grubb & Ellis' South Bay office represented the buyer and the seller in the transaction. Grubb & Ellis is a global provider of integrated real estate services. *** Send tips or a letter to the editor to newsroom@inman.com or call (510) 658-9252, ext. 124....