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Atlas Capital Acquires Industrial Asset In South Bay For $39.8M

Property Image
SOLD
$39,800,000
Andrew Briner
Scott Schumacher
+ 5

California

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Industrial94,113 SF
Sold 06/06/2022
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Property Image
SOLD

Atlas Capital Acquires Industrial Asset In South Bay For $39.8M

19401 S Vermont Ave, Torrance, California 90502, United States

See Similar Deals
Industrial94,113 SF
Sold 06/06/2022
Andrew Briner
Scott Schumacher
+ 5
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$422
Total Square Footage:94,113 SF
Transaction Type:Sale

Atlas Capital has acquired an industrial property in the South Bay market for a total of $39,800,000. The property, located at 19401 S. Vermont Ave., spans 94,113 square feet and has a price per square foot of $422. The sale was facilitated by Kevin Shannon, Scott Schumacher, Ken White, Bret Hardy, Jim Linn, Andrew Briner, John McMillan, and Danny Williams of Newmark, who acted as representatives for the seller, Harbor Gateway LLC.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $39,800,000
  • Address: 19401 S. Vermont Ave.
  • Market: South Bay
  • Buyer: Atlas Capital
  • Seller: Harbor Gateway LLC
  • Seller's Rep: Kevin Shannon, Scott Schumacher, Ken White, Bret Hardy, Jim Linn, Andrew Briner, John McMillan, and Danny Williams - Newmark
  • Square Footage: 94,113
  • Price per Square Foot: $422

This transaction showcases the successful collaboration between Atlas Capital and Harbor Gateway LLC in the acquisition and sale of the industrial property. The presence of Kevin Shannon, Scott Schumacher, Ken White, Bret Hardy, Jim Linn, Andrew Briner, John McMillan, and Danny Williams as representatives for Harbor Gateway LLC played a crucial role in facilitating the deal.

Players

Ken White
96 deals$6.1B volume
BROKER

Scott Schumacher
Newmark
15 deals$665.2M volume
BROKER

Danny Williams
6 deals$142.6M volume
BROKER

John McMillan
Newmark
6 deals$221.6M volume
BROKER

Bret Hardy
Newmark
18 deals$1.2B volume
BROKER

Kevin Shannon
Newmark
136 deals$9.1B volume
BROKER

Jim Linn
Newmark
11 deals$899M volume
BROKER

Andrew Briner
Newmark
13 deals$1B volume
BROKER

Atlas Capital Group
BUYER

Details

SOLD
IMAGE: Andrew Briner, Scott Schumacher, Ken White, Bret Hardy, Jim Linn, Kevin Shannon, John McMillan & Danny Williams DATE: 06/06/2022 ADDRESS: 19401 S. Vermont Ave. MARKET: South Bay ASSET TYPE: Industrial BUYER: Atlas Capital (@Atlas_Capital_) SELLER: Harbor Gateway LLC SELLER'S REP: Kevin Shannon, Scott Schumacher, Ken White, Bret Hardy, Jim Linn, Andrew Briner, John McMillan & Danny Williams - Newmark (@Newmark) SALE PRICE: $39,800,000 SF: 94,113 ~ PPSF: $422

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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