TORRANCE, CA—Vivial Markham Trust has sold the 28,500-sq.-ft. parcel of land at 23305 Hawthorne Blvd. in Torrance, Calif. Beverly Hills Ferrari Maserati purchased the property for $2.3 million.
“The owner of Beverly Hills Ferrari Maserati dealership chose the Torrance location for his new dealership because of its central location between the Palos Verdes and the beach cities where many of his clients live,” said Sheri Messerlian, senior vice president in NAI Capital’s South Bay office, who represented the buyer. “Other new dealerships that have either opened recently or will soon open on Hawthorne Boulevard include Audi, Mini, Mazda, and Subaru. The city’s other main artery, Pacific Coast Highway, is home to several other dealerships including, Porsche, Mercedes Benz, Jaguar, Lexus, Infiniti, Toyota, and Ford.“
Beverly Hills Ferrari Maserati has plans in place to construct a 20,000-sq.-ft. building on the property.