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Black Creek Group Acquires Industrial Property In Torrance For $50M

538 Crenshaw Boulevard
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This Industrial property located in CA was sold for $50,000,000 almost 4 years ago. The broker of the deal was Jeff Huberman

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.

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Deals
  • Location
    538 Crenshaw Blvd, Torrance, CA 90503, USA538 Crenshaw Blvd, Torrance, CA 90503, USA
  • Sale Price
    $50,000,000$50,000,000
    $287 PPSF$287 PPSF
  • Area
    174,000 SF174,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Jeff Huberman

Jeff Huberman

Deals1
Sold$50M

Agency

Lee & Associates

Lee & Associates

Agency
Deals970
Volume$10B

Deal Summary

IMAGE: Jeff Huberman & Tom O’Loughlin DATE: 05/11/2020 ADDRESS: 538 Crenshaw Blvd MARKET: Torrance ASSET TYPE: Industrial BUYER: Black Creek Group BROKERS: Jeff Huberman & Tom O’Loughlin – Lee & Associates PRICE: $50,000,000 SF: 174,000 PPSF: $287

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538 Crenshaw Boulevard

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