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.