Realterm US Acquires Industrial Property In Torrance For $81M

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.