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20707 Avalon Boulevard

Adam Friedlander Arranges $7.5M Sale Of Raising Cane’s Property In Carson
SOLDRetail

Adam Friedlander Arranges $7.5M Sale Of Raising Cane’s Property In Carson

20707 Avalon Boulevard

$7,500,000

$2,542/SF

Building Size

2,950 SF

Asset Type

Retail

Closing

Jul 16, 2024

AI

The property at 20707 Avalon Boulevard in Carson, CA, is a retail asset that was recently sold for $7,500,000. The transaction involved a 2,950 square foot space, resulting in a price per square foot of $2,542.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,500,000
  • Address: 20707 Avalon Boulevard
  • Market: Carson
  • Square Footage: 2,950

Adam Friedlander of Beta Agency represented the undisclosed seller in the $7.5 million sale of the retail property. The property is currently occupied by Raising Cane’s Chicken Fingers on a 12-year, triple-net lease.

Players

Adam Friedlander

Colliers

Broker

$63.6M

vol

11 deals

Broker

Carson Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93