Updated Dec 2, 2024
Rexford Industrial Properties Acquires Carson Property For $40.3M
Carson, CA, USA
$40,300,000
$351/SF
Building Size
114,572 SF
Asset Type
Industrial
Closing
Nov 11, 2018
About this deal
AI
Carson's real estate market saw a significant transaction take place on November 12, 2018. Rexford Industrial Properties, a prominent player in the industrial property sector, acquired a property from Shea Properties for a total price of $40,300,000. The property, located in Carson, spans a generous 114,572 square feet, resulting in a purchase price per square foot of $351.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $40,300,000
- Square Footage: 114,572
- Price per Square Foot: $351
- Buyer: Rexford Industrial Properties
- Seller: Shea Properties
This transaction proves the bustling real estate market in Carson, as both parties involved, Rexford Industrial Properties and Shea Properties, completed the deal successfully. Howard Schwimmer and Michael Frankel represented Rexford Industrial Properties, while Shea Properties had their own representatives.
On the Map
$40,300,000
$351/SF
Industrial
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Players
Carson Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93