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DYAD South Bay. Image courtesy of Colliers
Borstein Enterprisers has acquired DYAD South Bay, a 116,220-square-foot office campus in Torrance, Calif. Westport Capital Partners LLC sold the portfolio for $24.7 million.
Colliers brokered the transaction, representing both the seller and the buyer. At the time of the sale, the campus was 92 percent occupied.
The portfolio encompasses two buildings, comprising 59,700 and 56,500 square feet. Completed in 1983, the two-story buildings feature two conference rooms, outdoor space, elevators, controlled access and surface parking with a ratio of four spaces per 1,000 square feet.
Westport completely renovated the DYAD South Bay campus in 2020. The improvements included upgrades to the lobbies, corridors, bathrooms, amenity rooms, lighting, facades, landscaping, ADA and outdoor lounge space.
The office buildings are located in an Opportunity Zone, at 19700 and 19750 South Vermont Ave. The campus is close to the intersection of Interstate 405 and Interstate 110, which provide easy access across the Los Angeles metropolitan area. Martin Luther King Jr. Hospital, Del Almo Plaza and Los Angeles International Airport are within a 11-mile radius.
The Colliers team was led by Senior Executive Vice Presidents Steve Solomon, Ryan Plummer and Mark Schuessler, Vice Chairman Sean Fulp, and Creative Office Specialist Kristen Bowman. The brokerage firm has recently been appointed as the exclusive office leasing agent for the Gas Co. Tower in downtown Los Angeles.
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