Watson Land Company Leases Industrial Space In Carson To Aloha Freight For 70 Months
21750 Arnold Center Road
$4,331,096
$4,331,096/SF
Building Size
194,896 SF
Asset Type
Industrial
Closing
Nov 3, 2025
AI
The property asset involved in the transaction is an industrial space located at 21750 Arnold Center Road in the Carson market. The lease agreement for this asset was set at an asking rent of $22.22 per square foot for a total area of 194,896 square feet. The lease term is established at 70 months, and the lease type is a modified gross lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22.22/ft
- Lease Term: 70 Months
- Lease Type: Modified Gross Lease
- Landlord: Watson Land Company
- Tenant: Aloha Freight
- Landlord's Representative: Michael Bodlovich & Lance Ryan - Watson Land Company
- Tenant's Representatives: Stephen F. Watson, Michael Fukushima & Brendan Watson - Keller Williams Realty; Sylvia Ena - Keller Williams Eagle Rock
This transaction involved key individuals and companies, with Watson Land Company acting as the landlord and being represented by Michael Bodlovich and Lance Ryan. Aloha Freight is the tenant, represented by a team from Keller Williams Realty, including Stephen F. Watson, Michael Fukushima, and Brendan Watson, alongside Sylvia Ena from Keller Williams Eagle Rock.
Players
Long Beach 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
3.66%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93