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Private Investors Rally for Flex Industrial

TORRANCE, CA—A four-building, 108,000-square-foot industrial flex property attracts 20 offers from private investors, thanks to the strong location and the potential for creative uses.

By Kelsi Maree Borland | Updated on June 08, 2015

TORRANCE, CA—Shubin–Nadal Realty Investors and Penwood Real Estate Investment has purchased a vintage flex industrial property in Torrance from Silmor Investments with plans to reposition the property as a flex industrial and retail property. The 108,000-square-foot, four-building property generated strong interest among private investors, and received 20 initial offers. The property traded hands for $11.8 million.

“It is a very good time to be a seller in this market,” Todd Taugner, a partner at the Klabin Co., tells GlobeSt.com. “There was an awful lot of interest in these buildings with a lot of very good companies chasing after it.” Taugner represented both the buyer and the seller in the transaction, along with Klabin Co. partners David Prior and Frank Schulz. The sales team received offers from all private investors for the property. 

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