Updated Dec 4, 2024
Prologis Inc Acquires Industrial Property In Torrance, California For $88M
20100 South Western Avenue & 20200 South Western Avenue
$88,000,000
$377/SF
Building Size
116,433 SF
Asset Type
Industrial
Closing
Oct 17, 2023
About this deal
AI
Prologis Inc. has acquired the Harbor Gateway Center, an industrial property located at 20100-20200 South Western Ave. in Torrance, California. The property spans 116,433 square feet and was purchased for a total price of $88 million from Blackstone Inc. It offers 24-foot clear heights, 18 dock positions, six drive-in doors, and 223 parking spaces.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $88,000,000
- Square Footage: 116,433
- Price Per Square Foot: $756
- Address: 20100-20200 South Western Avenue, Torrance
- Market: Torrance
Hamid Moghadam, the CEO of Prologis Inc., led the acquisition of the Harbor Gateway Center. This deal marks another significant transaction for Prologis Inc. in the industrial real estate sector.
Players
Torrance Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Hamid Moghadam to view all their deals.
Browse Torrance industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93