Torrance Technology Campus
An office property in Torrance, California. Securitized in 1 CMBS deal in 2018.
$131.2MAppraised value (latest deal)
90.9%Occupancy
$9.6MUnderwritten NOI
7.4%Implied cap rate
- Address
- 3100 Lomita Boulevard, Torrance, CA 90505
- Property type
- Office · R&D
- Year built
- 1966-1998
- Size
- 575,976 SF
- Sponsor
- Gregory J. Orman; David L. Johnson
- Loan purpose
- Acquisition
- Largest tenant
- L3 Communications
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-H3 | 2018-07-12 | $131.2M | 90.9% | $9.6M | 7.4% | $35.0M | 71.4% | 424B |
Historical NOI reported in MSC 2018-H3
| Period ending | NOI |
|---|---|
| 3/31/2018 TTM | $7.1M |
| 12/31/2017 | $5.9M |
| 12/31/2016 | $5.3M |
More CMBS properties in California →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.