Updated Dec 2, 2024
Rexford Industrial Realty Inc Acquires Development Site In Carson For $14.5M
1055 Sandhill Ave, Carson, CA 90746, USA
$14,500,000
$5/SF
Building Size
2,543,850 SF
Asset Type
Development Site
Closing
May 28, 2020
About this deal
AI
A development site located at 1055 Sandhill Ave in Carson has been sold for a price of $14,500,000. The property has a building square footage (BSF) of 254,385 and a price per BSF (PPBSF) value of $57. The transaction was facilitated by CBRE, serving as the broker.
Summary of Transaction Details:
- Property Type: Development site
- Transaction Amount: $14,500,000
- Address: 1055 Sandhill Ave
- Market: Carson
- BSF: 254,385
- PPBSF: $57
Rexford Industrial Realty Inc, represented by Howard Schwimmer & Michael Frankel, served as the buyer in this transaction. The deal was successfully closed with the assistance of CBRE as the brokerage firm.
Players
Carson Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93