Kitchen Bath Collection Renews 84-Month Lease For 48500 Square Feet In Torrance For $5.3M
2860 California Street
Building Size
48,500 SF
Asset Type
Industrial
Closing
Jul 1, 2025
AI
The property asset involved in this transaction is a 48,500-square-foot industrial space located at 2860 California Street in Torrance, California. The lease is valued at over $5.3 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5.3 million
- Lease Term: 84-month
- Tenant: Valerie Chang - Kitchen Bath Collection
- Address: 2860 California Street
- Market: Torrance
- Broker Representatives: Matthew Stringfellow, Tyler Rollema & Courtney Bell - The Klabin Company
This lease transaction was facilitated by The Klabin Company's team, consisting of Matthew Stringfellow, Courtney Bell, and Tyler Rollema, who represented the tenant, Kitchen Bath Collection. The company uses the space as its national logistics center, having renewed its lease for continued operations in Torrance.
Players
Torrance Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93