Updated Sep 24, 2026
Continental Partners Refinances $23M Loan For Industrial Facility In Carson
717 East Artesia Boulevard
$23,000,000
$237/SF
Building Size
97,000 SF
Asset Type
Industrial
Closing
Jan 19, 2024
About this deal
AI
An industrial, cold storage, and food processing facility located at 717 East Artesia Boulevard in Carson, California has undergone a $23,000,000 loan refinance. The property spans 97,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $23,000,000
- Address: 717 East Artesia Boulevard, Carson
- Market: Carson
Continental Partners, a lender, provided non-recourse, full-term interest-only financing for the property. JM Grimaldi and Dave Brelian from Continental Partners represented the owner-user, Cedar Lane Foods, a major manufacturer associated with well-known brands such as Costco, Trader Joe's, and United. The 5-year fixed loan replaced a bridge debt of nearly $18 million that was previously placed on the property.
On the Map
$23,000,000
$237/SF
Industrial
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Players
Long Beach 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93