facebook

traded

+ Submit
Home

/

Deals

/

California

/

Industrial

/

Sale

/

16941 Keegan Ave, Carson, C...

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

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

16941 Keegan Ave, Carson, CA, 90746

$13,000,000

$260/SF

Building Size

50,000 SF

Asset Type

Industrial

Closing

Jun 7, 2020

AI

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

Lee & Associates

Broker

$183.2M

vol

11 deals

Broker
TA
The Salvation ArmyBuyer

Carson Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93