IDI Logistics Acquires Industrial Property In Torrance For $21.5M

IDI Logistics has recently acquired an industrial property located at 19145 Gramercy Place in Torrance. The property spans 108,000 square feet and was sold for a price of $21,500,000, equating to approximately $199 per square foot. The seller in this transaction was Alpine Electronics of America Inc.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,500,000
• Address: 19145 Gramercy Place
• Market: Torrance

The sale of this industrial property was facilitated by Todd Taugner, Frank Schulz, and David Prior from Klabin Co./CORFAC International, who represented both the buyer, IDI Logistics, and the seller, Alpine Electronics of America Inc.