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2700 California St, Torranc...

Staley Point Capital & Bain Capital Real Estate Acquire Industrial Property In Torrance For $34.5M
SOLDIndustrial

Staley Point Capital & Bain Capital Real Estate Acquire Industrial Property In Torrance For $34.5M

2700 California St, Torrance, CA, USA

$34,500,000

$255/SF

Building Size

135,000 SF

Asset Type

Industrial

Closing

Jun 29, 2021

AI

The industrial property located at 2700 California St. in Torrance has been sold for $34,500,000. The property spans a total area of 135,000 square feet, resulting in a price per square foot of $256. The transaction took place on June 30th, 2021. The buyer of the property is Staley Point Capital and Bain Capital Real Estate, while the seller is Edelbrock LLC.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $34,500,000
  • Address: 2700 California St.
  • Market: Torrance

Don Barry and Kevin Staley were involved in the transaction as representatives. Don Barry and Kevin Staley work for their respective agencies. However, no additional details about the involved individuals and companies are available.

Players

Bain Capital
Bain CapitalBuyer
Bain Capital
Bain CapitalLender

Torrance Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93