The Klabin Company Brokers $18.1M Industrial Sale On Madrid Ave In Torrance

Located at 510 Madrid Ave in Torrance, this industrial property was recently sold in a closed transaction. The property spans 65,398 square feet and was purchased for a total price of $18,115,246, resulting in an average price per square foot of $277. This transaction highlights the strong demand for industrial assets in the Torrance market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $18,115,246
• Square Footage: 65,398
• Price Per Square Foot: $277
• Address: 510 Madrid Ave
• Market: Torrance

The seller of the property is Mike Brassard. Representing both the buyer and seller in this transaction were Todd Taugner, Frank Schulz, and Nick Buss from The Klabin Company. Their expertise and negotiation skills played a crucial role in successfully closing this deal, showcasing their commitment to providing exceptional service to their clients.