Partners Capital Acquires Industrial Property In Torrance From Metro Truck Body Inc For $2.4M
SOLD
$2,400,000
California
See Similar DealsIndustrial37,559 SF
Sold 10/22/2019
SOLD
Partners Capital Acquires Industrial Property In Torrance From Metro Truck Body Inc For $2.4M
1200 W Jon St, Torrance, CA, USA
See Similar DealsIndustrial37,559 SF
Sold 10/22/2019
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$63
Total Square Footage:37,559 SF
Transaction Type:Sale
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.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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