Viking deal.

Legacy Partners has closed a deal to buy the former Viking Office Products Inc. building in Torrance.

The property, vacated after Office Depot Inc. bought the company, sold for about $24 million, or $130 a foot, according to sources.

Scott Word, a senior vice president at Legacy Partners, confirmed the transaction but declined to provide a sales price.

The 186,000-square-foot building sits on 9.25 acres at 950 W. 190th St. and was sold off as excess corporate real estate after the merger was finalized.

Word said that the deal makes sense, even though the South Bay has one of the weakest office markets in Los Angeles County. Legacy bought the building with all its fixtures, furniture and equipment intact, which could reduce tenant improvement costs if the company can find the right user.

"It's complementary to our existing Southern California portfolio and we bought it at a fraction of its replacement cost," said Word, who believes that as neighboring office markets begin to fill up large office tenants will be drawn to the South Bay.

"Look at the whole region and if you're looking for 150,000 square feet or more you have a limited number of options," he said. "The South Bay market may be soft but this building represents one of the highest-quality options out there."

Meanwhile, in nearby Marina del Rey, ARINC Inc., a provider of communication systems and services for the aviation industry, inked a lease for 18,995 square feet at Marina Business Center II.

The transaction is valued at more than $2.5 million over the 5-year term of the lease, according to PM Realty Group's Chris Strickfaden, who along with colleague Jim Bowers represented ARINC. The building's owner, TIAA Realty Inc., was represented by Trammell Crow Co.'s Craig Meyer.

Staff reporter Andy Fixmer can be reached by phone at [phone], ext. 263, or by e-mail at [e-mail].