Updated Dec 4, 2024
The Klabin Company Secures Full Occupancy At Watson Industrial Center In Carson
1111 East Watson Center Road, Carson
Building Size
25,631 SF
Asset Type
Industrial
Closing
May 16, 2024
About this deal
AI
The Watson Industrial Center in Carson, located at 1111 East Watson Center Road, boasts a total square footage of 163,988. Summa Properties successfully leased 25,631 square feet of this industrial asset to Best Services International Freight. This transaction, finalized on 05/16/2024, marks the full occupancy of the industrial center following Best Services' relocation from Torrance.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Summa Properties
- Tenant: Best Services International Freight
- Brokers: David Prior, Yasushi Shiromi & Mike Ouellette - The Klabin Company
The lease agreement at the Watson Industrial Center was facilitated by The Klabin Company, in association with CORFAC International, for Summa Properties/Watsoncenter LLC and Best Services International Freight. The deal was successfully brokered by David Prior, Yasushi Shiromi, and Mike Ouellette, who played key roles in bringing this transaction to fruition.
On the Map
Industrial
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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