Updated Aug 12, 2025
Blake Baird Of Terreno Realty Corporation Acquires Industrial Buildings From MetLife For $35.5M
3730 Redondo Beach Avenue
$35,500,000
$355/SF
Building Size
100,000 SF
Asset Type
Industrial
Closing
Aug 8, 2025
About this deal
AI
The transaction involves two fully leased industrial distribution buildings located at 3700 and 3730 Redondo Beach Avenue in Redondo Beach, California. The properties encompass a total area of 100,000 square feet across 5.1 acres, purchased for a price of $35,500,000, which equals $355 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,500,000
- Square Footage: 100,000
- Address: 3700 & 3730 Redondo Beach Avenue
- Market: Redondo Beach
- Seller: MetLife Real Estate Investors
- Buyer: Blake Baird - Terreno Realty Corporation
- Estimated Stabilized Cap Rate: 5.8%
- Acres: 5.1
- PPSF: $355
Blake Baird from Terreno Realty Corporation acquired the property from a MetLife affiliate, which represents the seller's interests in this transaction. The purchase indicated support for industrial assets in the region, sitting adjacent to another property owned by Terreno Realty Corporation.
On the Map
$35,500,000
$355/SF
Industrial
View full map
Players
Redondo Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Blake Baird to view all their deals.
Browse California industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93