Terreno Realty Corporation Sells Fully Leased Industrial Building In Torrance For $31.1M

Terreno Realty has completed the sale of a fully leased industrial distribution building located at 19801 South Vermont Avenue, Torrance, California. The property spans 99,000 square feet and is situated on 4.7 acres. The transaction was finalized for a total price of $31.1 million, translating to a price per square foot of $314.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $31,100,000
• Square Footage: 99,000
• Price Per Square Foot: $314
• Address: 19801 South Vermont Avenue
• Market: Torrance
• Acres: 4.7
• Broker: Blake Baird - Terreno Realty Corporation

This transaction was executed through broker Blake Baird of Terreno Realty Corporation, who represented the seller in the deal. Notably, the property was initially acquired by Terreno for $17.5 million in 2018, offering a significant unleveraged internal rate of return of 10.3% upon its sale.