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2860 California Street

Kitchen Bath Collection Renews 84-Month Lease For 48500 Square Feet In Torrance For $5.3M
LEASEDIndustrial

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:

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

Matthew Stringfellow

CORFAC International

Broker

$50.9M

vol

14 deals

Broker
The Klabin Company
The Klabin CompanyBrokerage

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