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.
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