Thank you for your continued interest in Madrona Business Campus. We are requesting that offers be submitted by:
5:00 PDT, Thursday, November 5th
Tours of the Property are available by appointment on the following dates:
Wednesday, October 7
Thursday, October 8
Wednesday, October 14
Thursday, October 15
Please contact Steven Ward or Andres Roldan to schedule a tour.
Savills Studley, as exclusive advisor, is pleased to present the outstanding opportunity to acquire the fee simple interest in Madrona Business Campus, (the “Property” or “Campus”), an institutional-quality, Class A office and medical campus located in the heart of Torrance, California. The Property offers investors the unique balance of significant upside potential backed by a credit tenant roster – all within the dynamic market of the South Bay.
Designed by world-renowned architecture firm, Gensler, the Campus was originally built as the corporate headquarters for Epson North America. The Campus consists of four, two and three-story buildings totaling 211,407 square feet, which are 85% leased to a diverse mix of quality, strong credit tenants; American Honda Finance Corporation, John Deere Company, and Kaiser Foundation Health Plan, all with annual rent increases. Additionally, Ownership is in advanced discussions with the State of California to execute a lease on 7,280 square feet which would bring the occupancy to 88%.
Investment Highlights
Institutional Quality and Superb Design
Madrona Business Campus is one of the market’s premier business environments with its institutional quality buildings in a beautifully landscaped campus-style setting. The Property was designed by world-renowned architectural firm, Gensler, as the corporate headquarters for Epson North America and the extensive attention to detail is embodied by its curb appeal, architectural design, high-end finishes and a garden seating area with serene waterfall and pond features.
Strategic Location and Transportation Access
Madrona Business Campus is strategically located in the heart of the South Bay and benefits from easy access to the Harbor (110) and San Diego (405) Freeways and abundant retail amenities along the Hawthorne Boulevard corridor. Additionally, the Property is positioned between two of the nation’s largest economic drivers, the World Ports of Los Angeles and Long Beach and the Los Angeles International Airport (LAX), all of which are just 15 minutes away.
Significant Upside Potential
Currently 85% leased, this outstanding core-plus opportunity offers substantial leasing upside and value creation upon full stabilization and the expiration of existing rental concessions. The Property’s above-standard parking ratio offers the investor increased leasing flexibility and the potential for additional medical use, with current average asking rates of approximately $3.00 per square foot Modified Gross in the Torrance market. Additionally, the FAR zoning is currently underutilized and can allow for further development capability.
Globally-Recognized Credit Tenant Roster
The Property’s institutional caliber offers corporate tenants headquarter-type accommodations. Currently, the Property is 85% leased to three major credit tenants; American Honda (41%) through March 2020, John Deere (25%) through July 2017, and Kaiser Foundation Health Plan (18%) through September 2023.
Extremely Limited Competitive Class A Product
The Property is one of only three true Class A properties in the Central Torrance submarket. Its institutional quality, curb appeal, award-winning design, above-standard parking and access to extensive nearby amenities combine to create one of the premier properties in the entire South Bay market.
Extensive Amenity Base
With its strategic and central location, the Property is adjacent to the Torrance Civic Center and City Hall and just two minutes from the Del Amo Fashion Center and one of Los Angeles County’s top retail corridors along Hawthorne Boulevard.
Superb Demographics and Abundant Labor Pool Supported by an Excellent Quality of Life
Businesses and their supporting workforce are drawn to the South Bay for its exceptional quality of life, affluent beach communities, temperate coastal climate, executive housing, rich amenities and quality education system. Approximately three million people live within a 20-mile radius of the Property, making it an ideal location for major corporations seeking an abundant pool of skilled, managerial and executive labor.
Contact
Robert Stamm
Savills Studley
+1 (949) 679 9090
rstamm@savills-studley.com
Lic. 01836595
Brian Corrigan
Savills Studley
+1 (949) 660 4104
bcorrigan@savills-studley.com
Lic. 00648281
Steven Ward
Savills Studley
+1 (949) 679 9303
sward@savills-studley.com
Lic. 01773125
Andres Roldan
Savills Studley
+1 (949) 679-9076
aroldan@savills-studley.com
Lic. 01846213
Leasing Contact:
Michael Shuken
Savills Studley
+1 (213) 553-3839
mshuken@savills-studley.com
Lic. 01407558
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