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.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Leaders from across the industry answered our call to come to Inman Connect and share essential advice for leveling up your 2021.SEE THE SPEAKERS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription