Private Investor Acquires Dual-Tenant Drive-Thru Retail Portfolio In Carson For $10.78M

A private investor acquired a dual-tenant, drive-thru retail portfolio situated on a 1.43-acre site at 23820 Avalon Boulevard in Carson, California. The asset features Starbucks and Quick Quack Car Wash as tenants, and has a total square footage of 62,358. The transaction closed at a price of $10,780,000, which equates to a price per square foot of $173.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $10,780,000
• Asset Size: 62,358 SF
• Address: 23820 Avalon Boulevard
• Market: Carson
• Cap Rate: approximately 5.74%
• Broker: Simon Mattox - Kidder Mathews

This transaction involves Simon Mattox from Kidder Mathews representing the interests of the seller in this deal. The property is supported by long-term NNN leases that include rent escalations, enhancing the investment's attractiveness in a high-traffic area at the intersection of Avalon Blvd. and East Sepulveda Blvd.