facebook
Traded Co logo
Submit

Salvation Army Acquires 50,000 SF Industrial Building In Carson For $13M

Property Image
SOLD
$13,000,000

California

See Similar Deals
Industrial50,000 SF
Sold 06/07/2020
the dealplayerscompscontact
Property Image
SOLD

Salvation Army Acquires 50,000 SF Industrial Building In Carson For $13M

16941 Keegan Ave, Carson, CA, 90746

See Similar Deals
Industrial50,000 SF
Sold 06/07/2020
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$260
Total Square Footage:50,000 SF
Transaction Type:Sale

The property at 16941 Keegan Ave in Carson, CA, 90746 is an industrial asset, comprising a 50,000-square-foot R&D and flex office building. The vacant property was built in 1972 and underwent renovations in 2012. The sale of this property was facilitated by Tony Naples from Lee & Associates, with The Salvation Army as the buyer, acquiring it from the seller, Lee & Associates, for $13,000,000.00.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,000,000.00
  • Market: Carson
  • Seller's Representative: Tony Naples (Lee & Associates)
  • Buyer: The Salvation Army
  • SF: 50,000

NAI Capital's Ryan Campbell, in collaboration with Tony Naples from Lee & Associates, represented the seller, Lee & Associates, in this commercial real estate transaction. The property, which was originally built nearly five decades ago, found a new owner in The Salvation Army, adding a significant asset to their portfolio in Carson. The involvement of these distinct key individuals and firms showcases the seamless execution of this notable acquisition.

Players

Tony Naples
11 deals$183.2M volume
BROKER

BUYER

Details

SOLD
IMAGE: 06/07/2020 ADDRESS: 16941 Keegan Ave, Carson, CA, 90746 MARKET: Carson ASSET TYPE: Industrial SELLER'S REP: Tony Naples(Lee & Associates) BUYER: The Salvation Army SELLER: Lee & Associates PRICE: $13,000,000.00 SF: 50000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$693,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59