Carson Town Center
Light Industrial Development Opportunity In Carson, CA
The Offering
Summary
- Price: $85,000,000
- Property Address: 500-506 Carson Town Center N Carson, CA
- Industrial Market: Los Angeles
- Submarket: South Bay
- Land Size (Acres): 17.54
- Building Size (SF): 169,656
- APN: 7336-002-033, 7336-002-030, 7336-002-027
- Zoning: Flex District
- FAR: Up to 1.0 (ma be increased up to 40% though the inclusion of community benefits)
Institutional Property Advisors (“IPA”) is pleased to present an exceptional investment opportunity for the acquisition of the 100% fee-simple interest in Carson Town Center (the “Property”). The Property is an infill site of approximately 17.54 acres, strategically located at the intersection of the I-110 and Torrance Blvd. in Carson, CA, an unincorporated neighborhood in Los Angeles County, CA.
The Property is currently improved with a 169,656 SF retail center known as Carson Town Center, which is operating at a 0.22 FAR under the Flex District zoning designation. With the recently adopted Carson 2040 general plan, the Property offers investors an abundance of repositioning options, including the potential for mixed-use and multi-family development, with the flexibility to achieve multiple FAR and density bonuses. This presents investors with the opportunity to execute a wide range of redevelopment and repositioning strategies, unlocking significant value and enhancing the Property’s potential for longterm
growth.
Carson is an ideal location for investment, with the city having a strong focus on the development of multifamily housing and mixed-use developments. The Property’s location in the Flex District provides potential developers with the necessary zoning flexibility to undertake such projects, further enhancing its appeal as an investment opportunity.
Property Highlights
By most measurable factors the South Bay industrial market is the gateway to the largest industrial market in the United States because of its direct access to the Los Angeles and Long Beach Ports, LAX and LA rail yards.
E-commerce and Omni-channel demand by retailers has created historic demand for last-mile facilities.
A highly desirable location with dense consumer base and expanding commuter rail network has made South Bay a target for multi-family developers.
The property located at 500 Carson Town Center North sits on a 17.54 AC parcel with an existing building area of 169,656. As one of the only large parcels available for sale, it allows for scale and flexibility to potential developers in an extremely supply constrained market.
• Current tenants potentially provide income during the entitlement process
• Carson General Plan classifies site as Flex District with an allowable FAR of 1.0
• Rare offering and opportunity to develop infill land in desirable South Bay market
Major frontage on Figueroa allows for easy freeway access and visibility from the 110 Freeway.
