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Faropoint Acquires Multi-Tenant Industrial Building in Torrance, California for $9.9M

Summary by REBusinessOnline
TORRANCE, CALIF. — Faropoint has entered the Los Angeles market with the purchase of a multi-tenant industrial property at 605-655 Hawaii Ave. in Torrance, a suburb 20 miles south of Los Angeles. The asset traded for $9.9 million. The name of the seller was not released. Built in 1963, the 36,491-square-foot facility is leased to four tenants. The property features tilt-up construction, a clear height of 18 feet and six double dock-high loading …
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REBusinessOnline broke the news in on Wednesday, April 2, 2025.
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