Carson Companies Secures $52 Million Refinance For Industrial Properties In Ontario And Rancho Dominguez

The transaction involved three single-tenant industrial properties located at 1450 Mission Boulevard, 18301 South Broadwick Street, and 18410-18420 South Broadwick Street, situated in the Ontario and Rancho Dominguez markets. The properties, totaling 420,086 square feet, were fully leased and positioned in high-demand logistics submarkets near major transportation corridors.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $52,000,000
• Loan Type: Refinance
• Loan Terms: 15-year, full-term interest-only
• Landlord: Carson Companies
• Brokers: Scott Botsford, Joe Giordani & Charlie Buckingham - NorthMarq
• Interest Rate: 5.37%

NorthMarq arranged the refinancing for the properties on behalf of Carson Companies, demonstrating lender confidence in institutional-quality industrial assets. The financing was secured through State Farm, ensuring that the properties maintain their status within a competitive market.