Updated Nov 28, 2024
Partners Capital Acquires Industrial Property In Torrance From Metro Truck Body Inc For $2.4M
1200 W Jon St, Torrance, CA, USA
$2,400,000
$63/SF
Building Size
37,559 SF
Asset Type
Industrial
Closing
Oct 21, 2019
About this deal
AI
A rare industrial yard in Torrance has been sold for $2,400,000. The property, located at 1200 W Jon St, spans a total of 37,559 square feet with a price per square foot of $63.90. The buyer of the industrial yard is Partners Capital represented by Ryan Adjnasian and Mark Blumenthal. The seller in this transaction is Metro Truck Body Inc. The deal was facilitated by broker Andy Gage from Lee & Associates. The industrial yard will be utilized for trucking and container storage purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Date: 10/22/2019
- Address: 1200 W Jon St, Torrance
- Market: Torrance
- Square Footage: 37,559
- Price per Square Foot: $63.90
The buyer, Partners Capital, was represented by Ryan Adjnasian and Mark Blumenthal. The seller, Metro Truck Body Inc, successfully closed the transaction. The deal was facilitated by broker Andy Gage from Lee & Associates.
It's worth noting that the industrial yard is a rare find in Torrance and will be utilized for trucking and container storage purposes.
On the Map
$2,400,000
$63/SF
Industrial
View full map
Players
Torrance Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Andrew (Andy) Gage to view all their deals.
Browse California industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93