Klabin Co./Corfac Reports Investment Sale of Fully Occupied South Bay Industrial Facility

August 4th, 2015

LOS ANGELES (South Bay) – The Klabin Company/CORFAC International announces its representation of Dovetail Furniture & Design in its investment acquisition of a fully occupied 10,864 square foot industrial building in the South Bay area of Los Angeles.

The property, located on approximately a half acre of land at 540-544 132nd St., is  occupied by Mark IV Metal on a five-year lease.  Mark IV is a metal forming company.

Matt Stringfellow , SIOR, and Courtney Bell, vice presidents in the Torrance office of The Klabin Company, represented the buyer.   Greg Dyer and Brad Hoy of CBRE represented AGD Properties, LLC, the seller.  Sale consideration was $1.56 million.

The brick and block constructed building features 1,400 square feet of office space, oversized ground level doors, private fenced parking and yard area, and easy access to the Ports of Long Beach and Los Angeles, as well as downtown Los Angeles.

About The Klabin Company/CORFAC International

Now in its sixth decade, The Klabin Company/CORFAC International is ranked among the top 25 commercial real estate companies based in Los Angeles.  The firm has offices in Los Angeles and Torrance, and is affiliated with CORFAC International.  For more information go to www.klabin.com.

About CORFAC International

CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services.  Founded in 1989, CORFAC International is celebrating its 25thanniversary in 2014.  In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 60 countries worldwide.  Last year CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 368 million square feet of space valued in excess of $7.4 billion.  For more information on the CORFAC network, contact (703) 532-6160 or visit www.corfac.com