Updated Oct 29, 2024
Realterm US Acquires Industrial Property In Torrance For $81M
2751 Skypark Dr, Torrance, CA 90505, USA
$81,000,000
$686/SF
Building Size
118,000 SF
Asset Type
Industrial
Closing
Oct 5, 2020
About this deal
AI
Located at 2751 Skypark Dr in Torrance, this industrial property was recently sold in a closed transaction. The property spans 118,000 square feet and was sold for $81,000,000, resulting in a price per square foot of $686.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $81,000,000
- Square Footage: 118,000
- Price per Square Foot: $686
- Address: 2751 Skypark Dr
- Market: Torrance
The buyer in this transaction was Realterm US, represented by Robert Fordi. On the other side, Bridge Development Partners, represented by Steve Poulos, acted as the seller. These key individuals were instrumental in facilitating this successful deal.
On the Map
$81,000,000
$686/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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93