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1010 Sandhill Avenue

Chanje Energy, Inc. Leases Industrial Space In Carson
LEASEDIndustrial

Chanje Energy, Inc. Leases Industrial Space In Carson

1010 Sandhill Avenue

$20

$20/SF

Building Size

85,259 SF

Asset Type

Industrial

Closing

Jul 22, 2020

AI

The industrial property located at 1010 Sandhill Avenue in Carson has been leased in a closed transaction. The property spans a total of 85,259 square feet and was leased at an asking rent of $20.40 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 1010 Sandhill Avenue
  • Market: Carson
  • Asking Rent: $20.40
  • Square Footage: 85,259

The tenant in this lease transaction is Chanje Energy, Inc. The landlord for this property is the Vella Group, represented by Zach Vella. The broker involved in the deal is Brad McCoy.

This lease agreement represents Vella Group's new project, serving as the corporate headquarters for Chanje Energy, Inc. This company specializes in electric trucks and energy infrastructure.

Players

Brad McCoy

Lee & Associates

Broker

$631.9M

vol

44 deals

Broker
Zach Vella

Zach Vella

Vella Group

Landlord

$148.5M

vol

9 deals

Landlord

Carson Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

793150.00%

Cash-on-Cash

-226684.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93