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

Property Image
SOLD
$10,780,000

California

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Retail62,358 SF
Sold 12/12/2025
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Property Image
SOLD

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

23820 Avalon Boulevard

See Similar Deals
Retail62,358 SF
Sold 12/12/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$172
Total Square Footage:62,358 SF
Transaction Type:Sale

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.

Players

Simon Mattox
Kidder Mathews
Simon Mattox
20 deals$414.9M volume
BROKER

Details

SOLD
IMAGE: Simon Mattox DATE: 12/12/2025 ADDRESS: 23820 Avalon Boulevard MARKET: Carson ASSET TYPE: Retail ~ ACRES: 1.43 BROKER: Simon Mattox (@SimonMattox) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $10,780,000 SF: 62,358 ~ PPSF: $173 NOTE: A private investor paid $10.78 million for a dual-tenant, drive-thru retail portfolio in Carson, Calif., featuring Starbucks and Quick Quack Car Wash on a 1.43-acre site. The property, listed by Kidder Mathews, includes long-term NNN leases with rent escalations, offering a cap rate of roughly 5.74% and benefiting from high traffic at Avalon Blvd. and East Sepulveda Blvd.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$574,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,299.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,102.70
Annual Debt Service$613,232.40