3520 Challenger St

3520 Challenger St 3520 Challenger Steet
Torrance, CA 90503

  • Unpriced

    Asking Price

  • 3.14/1,000

    Parking Ratio

  • 100%

    Occupancy

  • Single

    Tenancy

  • Office

    Property Type

  • 49,336

    Square Feet

Offering Summary

Address

  • 3520 Challenger Steet
    Torrance, CA 90503

Pricing

  • Asking PriceUnpriced

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet49,336
  • Occupancy100%
  • Year Built1990
  • Year Renovated2016
  • Building ClassB
  • Building(s)1
  • Stories2
  • Parking Ratio3.14/1,000
  • Acres2.48
  • APN7352-019-030
  • TenancySingle
  • Lease TypeNNN

Address

  • 3520 Challenger Steet
    CA 90503

Pricing

  • Asking PriceUnpriced

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet49,336
  • Occupancy100%
  • Year Built1990
  • Year Renovated2016
  • Building ClassB
  • Building(s)1
  • Stories2
  • Parking Ratio3.14/1,000
  • Acres2.48
  • APN7352-019-030
  • TenancySingle
  • Lease TypeNNN

Description

Newmark is pleased to present the opportunity to acquire the fee simple interest in 3520 Challenger (the “Property”), a 49,336-square-foot flex office building in Torrance, California.

Built in 1990 and renovated in 2016, the Property is currently 100% leased to Bobit Business Media on an NNN-basis through 2028. However, Bobit has expressed interest to either vacate or re-lease only the first floor of the building. These scenarios provide optionality for an owner/user to either fully occupy the building or partially occupy it with greater than 51% of the Property to meet SBA financing requirements.

The Property offers unparalleled access to regional office markets in the Los Angeles and Orange County markets and numerous nearby amenities, including the on-site electric vehicle charging stations installed in the parking lot. Just one block away from the Property, Torrance Promenade and Best Plaza offer over 365,000-square-feet of retail and dining options, and this central location provides attractive proximity to an abundant skilled labor pool with over three million people living within a twenty-minute drive.

3520 Challenger offers an owner/user the incredible opportunity to acquire a multi-functional office/R&D building in the South Bay with in-place income and flexible occupancy strategies to satisfy SBA financing requirements.

Deal Team

Sean Fulp

Sean Fulp

Executive Managing Director

310-407-6596 sean.fulp@nmrk.com

CA RE Lic. #01389064

Ryan Plummer

Ryan Plummer

Managing Director

310-407-6570 ryan.plummer@nmrk.com

CA RE Lic. #01765854

Mark Schuessler

Mark Schuessler

Managing Director

310-201-2075 mark.schuessler@nmrk.com

CA RE Lic. #02033871

Jordan Garcia

Jordan Garcia

Financial Analyst

310-201-2072 jordan.garcia@nmrk.com

CA RE Lic. #02090086