Updated Oct 29, 2024
Totai America Acquires Industrial Building In Torrance For $7.6M
19675 Mariner Ave, Torrance, CA, 90503
$7,600,000
$356/SF
Building Size
21,337 SF
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
The industrial building located at 19675 Mariner Ave in Torrance, CA, 90503, was sold for $7.6 million. The property spans 21,337 square feet and was acquired by Totai America from Kung Fu Dragon. Totai America, a company established in 1981, is known for providing full-service rotogravure printing/converting services.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,600,000.00
- Buyer: Totai America
- Seller: Kung Fu Dragon
- Buyer's Representative: Todd Taugner - The Klabin Company
Todd Taugner from The Klabin Company, along with Takashi Sugita of Relo Redac, represented Totai America in the industrial building acquisition deal. Totai America intends to relocate its headquarters to the newly purchased property, marking a significant move for the company.
On the Map
$7,600,000
$356/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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93