Lee & Associates Closes $4 Million Medical Office Sale

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By The Hoyt Organization -

Torrance, CA – November 6, 2012 – (RealEstateRama) — Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed a $4.05 million medical office building sale at 3661-3663 Torrance Blvd. in Torrance, Calif.

Principal Tom Torabi of Lee Los Angeles-Long Beach Inc. represented the buyer, Torry Med, LLC. The seller, Elissa Miller “appointed Trustee”, was represented by Bill Stimming of Coldwell Banker.

“Medical buildings for owner/users are in high demand while rental rates are increasing in Torrance,” said Torabi who is one of the top producing commercial real estate agents in the South Bay market of Los Angeles.

Torabi was able to identify and purchase this prime medical building located in the heart of Torrance through a bankruptcy sale for the buyer who plans to occupy a portion of the building.

According to Torabi, the 10-unit, 60-percent leased building will undergo a substantial renovation and face lift. With the completion of the renovation, the building will be considered a Class A medical building in the Torrance Market. Currently, the building has approximately 7,700 (divisible) square feet medical space available for lease.

About Lee & Associates:
Celebrating more than 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 46 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at http://www.lee-associates.com.

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Ranked as one of the top 25 public relations firms in Los Angeles by the Los Angeles Business Journal, The Hoyt Organization is a full-service, strategic communications firm that provides complete public relations counseling and crisis communication services. With more than two decades of experience, the firm specializes in developing public relations, social media and digital marketing programs for business-to-business, real estate, professional service firms, financial entities, healthcare organizations, as well as retail, legal, technology and business-to-consumer-based companies.

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