190TH STREET OFFICE CONDOS
Torrance, CaliforniaThis 28,000 square-foot office condominium project takes advantage of a government-funded SBA loan program to provide individual buyers with an attractive option to pay the same as they would to rent an office space over 15 years. Only here, they own it in the end—free and clear. Comprised of custom tenant condominium spaces, the building features a distinctive entry/reception space with a koi pond that appeals to the largely Asian target market.
The building is strategically located on 190th Street, one of the South Bay’s main office corridors. Running parallel to the 405 freeway, and just 15 miles from the Port of Los Angeles, it offers tenants a highly accessible location just a stone’s throw from open space, the beach and a variety of shopping and dining destinations.
Building out the tenant improvements, like options and finishes, was such a personalized experience that buyers looked at it as if they were building a custom home. Significant others chimed in. Constant budget change orders were a problem. Buyers had difficulty realizing that the approved plans and specifications weren’t flexible.
We overcame the project’s challenges with a great deal of patience and handholding. Ultimately, 190th Street was a profitable endeavor, selling out all 20 units within six months of completion and validating the appeal of our unique lease-to-own concept and Asian-inspired custom design.
LOCATION
Torrance, CA
CLASSIFICATION
Commercial office
PROJECT SIZE
28,000 SF
YEAR OF COMPLETION
2007
ARCHITECTURE
Mirror and brick
ARCHITECT
Withee Malcom Architects, LLP
KEY AMENITIES
Lobby/reception area
Koi pond
Additional parking
Custom condominium options like conference rooms
Kitchens
Offices
Bathrooms
