CORFAC News

Torrance, CA (October 24, 2013) – A strategically located, 18,097 square foot light industrial building in Torrance, CA has been acquired by CC Fund III, LLC, owners and operators of multiple businesses, for $3.3 million, announces The Klabin Company/CORFAC International.

Earlier this month (Oct.), buyer owned businesses occupied the larger portion (3015) of the building located at 3015-3017 Kashiwa St. in Torrance.  One of those entities is a supplier of parts for CNC Machines, while the other is a real estate management and maintenance company.  The buyer will continue to lease out the balance of the building,  Klabin/CORFAC brokers report. 

Matt Stringfellow and Courtney Bell in the Torrance office of The Klabin Company represented the buyers.  Chuck Lyons, III, the seller, was represented by Chuck Lyons of Lyons & Lyons Properties.

The substantially improved concrete tilt-up building features 3,546 square feet of newly improved office space, a new roof, and new floor plan.

About The Klabin Company/CORFAC International
Now in its sixth decade, The Klabin Company/CORFAC International is ranked among the top 20 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.  In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide.  In recent years, CORFAC firms have averaged over 8500 completed transactions annually totaling more than 600 million square feet worth in excess of $52 billion for their customers.  For more information on the CORFAC  network, contact (703) 532-6160 or visit www.corfac.com.