Updated Oct 29, 2024
Black Creek Group Acquires Industrial Property In Torrance For $50M
538 Crenshaw Blvd, Torrance, CA 90503, USA
$50,000,000
$287/SF
Building Size
174,000 SF
Asset Type
Industrial
Closing
May 10, 2020
About this deal
AI
The industrial property located at 538 Crenshaw Blvd in Torrance has been sold in a closed transaction. The property spans a total of 174,000 square feet, with a price per square foot of $287. The transaction amount for the sale was $50,000,000.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Square Footage: 174,000
- Price per Square Foot: $287
- Address: 538 Crenshaw Blvd, Torrance
- Market: Torrance
Black Creek Group, a buyer, has acquired the property. The deal was facilitated by brokers Jeff Huberman and Tom O'Loughlin from Lee & Associates.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93