THE KLABIN COMPANY COMPLETES SALE OF INDUSTRIAL INVESTMENT PROPERTY IN GARDENA
The transaction, valued at more than $6.1 million, is the third of four buildings sold within industrial campus on Vermont Avenue in the strong South Bay market.
(JULY 20, 2021 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated the sale of a 24,080-square-foot industrial building at 19100 S. Vermont Avenue in a prime section of the strong South Bay market.
The Klabin Company’s David A. Prior, SIOR, and Todd N. Taugner, SIOR, represented Shubin Nadal Realty Investors in the $6.105 million sales transaction. This was the third of four buildings in this industrial campus sold this year, with the latest selling as a leased investment to Kirshner/Slauson, LLC. The brick building, situated on more than one acre, features 4,000 square feet of creative office, a bow truss roof and completed improvements. Kirshner/Slauson was represented by Matt Stringfellow, SIOR, and Tyler Rollema of The Klabin Company.
“Todd and I have had the pleasure of completing multiple sales transactions for Shubin Nadal this year and all are a reflection of the strength of the industrial market in the region,” said Prior. “In the latest sale, the buyer is getting a leased, recently upgraded asset that received a high level of interest. We thank our colleagues, Matt and Tyler, for bringing a buyer to the table and for helping us execute a seamless transaction that left all parties very pleased.”
Earlier this year, Prior and Taugner completed the $7.285 million sale of a 30,100-square-foot industrial building at 19120 Vermont Avenue. The fully refurbished brick building was sold to Olivia Care, Inc., a manufacturer of high-quality soaps and body products distributed around the world, who was also represented by Stringfellow and Rollema. Prior and Taugner also handled the $6 million sale of 19122 Vermont Avenue, a 24,080-square-foot industrial building, to Praxis Musical Instruments, Inc. who had been a tenant for approximately two years and exercised its option to purchase.
About The Klabin Company/CORFAC International
Celebrating its 60th Anniversary in 2021, The Klabin Company/CORFAC International is ranked among the top commercial real estate companies based in Los Angeles. Built on the principles of an open and enduring culture, the company has maintained its independence as a privately-owned business for decades. The Klabin Company emphasizes how the sharing of information, experiences and relationships with all of its colleagues works to everyone’s advantage. The firm is dedicated to the needs of its clients, and through this commitment, it has remained successful for years. The Klabin Company is affiliated with CORFAC International. For more information go to www.Klabin.com.
About CORFAC International
CORFAC International is a global network comprising private held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. Contact Jonathan Salk, CORFAC Executive Director, at (224) 257-4400 or jonathan@corfac.com or visit www.corfac.com.
TKC represents both parties in the sale of an Industrial Investment Property in the South Bay, valued at more than $6.1 million.