January 30, 2017
Barak Investors Group and MIP Investment Just announced the completion of the transaction for arranging a $16.75 MM acquisition of a Government / fully leased two-story office building in Torrance CA/South Bay. The property located at 20221 Hamilton in Torrance is a 100% leased asset by the County of Los Angeles, Child Support District Division.
In this transaction, Barak Investors Group and MIP Investment represented the Buyer, PARKVIEW MANAGEMENT GROUP, INC. a known local investor from LA,. The buyer was represented by JLL as their exclusive adviser,.
Originally constructed in 1982, the 2-story property was renovated in 2002 and also recently in 2016. The Property boasts a…