Updated Oct 13, 2026
Morgan Stanley Acquires Industrial Property In Los Angeles For $103M
20333 Normandie Avenue, Torrance, CA 90502, USA
$103,000,000
$201/SF
Building Size
512,490 SF
Asset Type
Industrial
Closing
Apr 22, 2018
About this deal
AI
The industrial property located at 20333 S. Normandie Avenue in Los Angeles has been sold for a total price of $103,000,000. The transaction took place in Torrance, with Morgan Stanley acquiring the asset from Bridge Development. James Gorman represented Morgan Stanley in the deal, while Steve Poulos and Anthony Pricco represented Bridge Development. The property is situated in an industrial market and offers a significant investment opportunity.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $103,000,000
- Seller: Bridge Development - Steve Poulos and Anthony Pricco
- Buyer: Morgan Stanley- James Gorman
It is worth noting that the buyer, Morgan Stanley, has already secured a lease for the entire building with Nordstrom's. This additional information highlights the potential profitability and value of the property.
On the Map
$103,000,000
$201/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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93