Updated Nov 28, 2024
Prologis Acquires Industrial Asset In South Bay For $147.9M
1452 West Knox Street, Torrance, California 90501, United States
$147,970,840
$335/SF
Building Size
441,704 SF
Asset Type
Industrial
Closing
Dec 17, 2021
About this deal
AI
An industrial property located at 1452 West Knox Street in the South Bay market has been sold in a recent transaction. The property spans a total area of 441,704 square feet and was purchased by Prologis from Sunrider International. The sale price for this transaction amounted to $147,970,840, resulting in a price per square foot of $335.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $147,970,840
- Square Footage: 441,704
- Address: 1452 West Knox Street
- Market: South Bay
Jake Poxon from Lee & Associates and Ryan Bos from KBC Advisors served as the brokers in this deal. They facilitated the transaction between the buyer, Prologis, and the seller, Sunrider International.
On the Map
$147,970,840
$335/SF
Industrial
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Players
Torrance Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93