Vella Group Acquires Industrial Asset In Carson For $17.5M
SOLD
$17,500,000
California
See Similar DealsIndustrial852,590 SF
Sold 07/15/2020
SOLD
Vella Group Acquires Industrial Asset In Carson For $17.5M
1010 Sandhill Ave, Carson, CA 90746, USA
See Similar DealsIndustrial852,590 SF
Sold 07/15/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$20
Total Square Footage:852,590 SF
Transaction Type:Sale
The Vella Group has acquired the industrial property located at 1010 Sandhill Ave in Carson. The property, owned by Palos Verdes Footwear, has been sold for a price of $17,500,000. It spans a total square footage of 85,259 and the price per square foot amounts to $205.26. This transaction took place on July 15, 2020.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $17,500,000
- Address: 1010 Sandhill Ave
- Market: Carson
The deal was facilitated by brokers Brad McCoy, David Wilson, and Weston Dunlap from CreativeOffice365. They represented the buyer, Vella Group, in this transaction. The Vella Group plans to use the property as the future location for an electric vehicle tenant. More details about the tenant will be announced soon.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
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