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Kia Dealership Anchors $69.3 Million Sale-Leaseback Deal in Carson

Modiv Buys 72,000-Square-Foot Retail Property in LA County
The auto dealership was built in 2016 on 5.6 acres in the Torrance retail market of Los Angeles County. (CoStar)
The auto dealership was built in 2016 on 5.6 acres in the Torrance retail market of Los Angeles County. (CoStar)
By Kate Retzinger
February 25, 2022 | 10:10 P.M.

Modiv LLC acquired the freestanding retail property at 22020 Recreation Road in Carson, California, for nearly $69.28 million, or about $962 per square foot, from TADG Real Estate Group.

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