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
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