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
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93