Newmark arranged the sale of Carson Business Park, a 38,152-square-foot, five-building industrial park situated on 1.9 acres in Carson for an undisclosed sum to Partners Capital based in Los Angeles. Senior managing director Scott Schumacher and associate director Aaron Banks worked with co-head U.S. Capital Markets Kevin Shannon, executive managing director Andrew Briner and managing director Anthony Muhlstein to represent the seller Carson Five LLC.
The property located at 401 – 409 Gardena Blvd was 100% leased at the time of sale with 16 unique tenants having 0.8 years weighted average lease term remaining and rents 61% below market rate offering a compelling value proposition due its near term mark to market exposure coupled with its centralized location and proximity to infrastructure according to Banks “Carson Business Park is a highly functional project that caters small bay tenants in coveted South Bay submarket” he said
