Updated Oct 25, 2024
Josh Zegen & Zach Vella Secure $79.1M Refinance & Construction Loan For Hawthorne & Carson Industrial & Office Properties
1010 Sandhill Avenue, Carson, CA, USA
$79,100,000
Units
206,333
Asset Type
Industrial
Closing
Sep 13, 2021
About this deal
AI
An industrial and office property located at 1010 Sandhill Avenue, 12536 Chadron Avenue, 13040 Cerise Avenue, and 13100 & 13007 Yukon Avenue in the Hawthorne and Carson market has undergone a refinancing and construction loan. The property has a total square footage of 206,333 SF for industrial use and 49,500 RSF for office use.
Summary of transaction details:
- Property Type: Industrial & Office
- Transaction Amount: $79,100,000
- Address: 1010 Sandhill Avenue, 12536 Chadron Avenue, 13040 Cerise Avenue, and 13100 & 13007 Yukon Avenue
- Market: Hawthorne & Carson
The loan for this transaction was facilitated by Josh Zegen. The landlord involved in the deal is achVella. The loan amount for the refinancing and construction is $79,100,000.
Players
Carson Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93