Nova Container Freight Station Leases 51,288 SF Industrial Space In Carson
1111 East Watson Center Road
Building Size
51,288 SF
Asset Type
Industrial
Closing
May 16, 2024
AI
The industrial property located at 1111 East Watson Center Road in Carson spans a total of 51,288 square feet. Summa Properties leased this asset to Nova Container Freight Station for a period of 42 months, allowing Nova Container Freight Station to expand its operations in Los Angeles.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Summa Properties
- Tenant: Nova Container Freight Station
- Landlord's Rep: David Prior - The Klabin Company/CORFAC International
- Tenant's Rep: Danny Williams - Newmark
The Klabin Company/CORFAC International played a pivotal role in securing full occupancy for the Watson Industrial Center on behalf of Summa Properties. Nova Container Freight Station's decision to lease 51,288 square feet of the industrial space reflects its strategic move to enhance its presence in Los Angeles, with the assistance of their representative, Danny Williams from Newmark.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93