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
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