Updated May 12, 2025
Adir Levitas Harold Levy Jordan Nathan Of Faropoint Acquires Industrial Building In Torrance For $9.975M
655 Hawaii Avenue
$9,975,000
$273/SF
Building Size
36,491 SF
Asset Type
Industrial
Closing
Mar 31, 2025
About this deal
AI
Faropoint acquired a 36,491-square-foot industrial building located at 605-655 Hawaii Avenue in Torrance for $9.975 million. This fully leased property is positioned near major logistics hubs and is a significant addition to Faropoint's portfolio, aligning with their West Coast expansion strategy and value-add investment approach.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,975,000
- Square Footage: 36,491
- Price Per Square Foot: $273
- Buyer: Adir Levitas, Harold Levy & Jordan Nathan - Faropoint
- Address: 605-655 Hawaii Avenue
- Market: Torrance
Adir Levitas, Harold Levy, and Jordan Nathan represent Faropoint in this transaction, marking their first purchase in Los Angeles. The acquisition supports the company's strategic focus on expanding its presence in key West Coast markets.
On the Map
$9,975,000
$273/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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93