Updated Oct 28, 2024
LCG Atrium, LLC Acquires Industrial Property In South Torrance For $21M
23800 Hawthorne Boulevard, Torrance, California 90505, United States
$21,000,000
$184/SF
Building Size
114,000 SF
Asset Type
Industrial
Closing
Aug 25, 2022
About this deal
AI
The industrial property located at 23800-23868 Hawthorne Blvd in South Torrance has been sold in a transaction. The property spans 114,000 square feet and is part of the South Torrance industrial market. The asset was sold for a total of $21,000,000, resulting in a price per square foot of $184.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $21,000,000
- Square Footage: 114,000
- Address: 23800-23868 Hawthorne Blvd
- Market: South Torrance
The buyer of the property is LCG Atrium, LLC, while the seller is Kay Properties. The deal was facilitated by Thacher Goodwin, Kyle Degener, and Carter Rudnick from Colliers, who acted as brokers in the transaction.
On the Map
$21,000,000
$184/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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93