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17708 Rowland Street

Action Sales Signs $25M Lease For 181,730 SF Property In City Of Industry
LEASEDIndustrial

Action Sales Signs $25M Lease For 181,730 SF Property In City Of Industry

17708 Rowland Street

Building Size

181,730 SF

Asset Type

Industrial

Closing

Oct 11, 2023

AI

Action Sales, a food service equipment company, has signed a 64-month lease valued at over $25 million for a 181,730-square-foot industrial property located at 17708 Rowland Street in the City of Industry, California. The property will serve as Action Sales' corporate headquarters and distribution hub in the San Gabriel Valley market. This lease reflects the growing real estate activity in the region, with increased investments and leasing agreements.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Over $25 million
  • Square Footage: 181,730
  • Address: 17708 Rowland Street, City of Industry, California
  • Market: San Gabriel Valley

The lease agreement was facilitated by the following key individuals and companies. EverWest Real Estate, represented by Rick Stone, acted as the landlord for the transaction. As the tenant, Action Sales was represented by Tony Yeung. Mike Fowler of JLL served as the landlord's representative, while Dennis Sandoval and Kurt Yacko of DAUM Commercial Real Estate Services represented Action Sales as its tenant representative.

Players

Kurt Yacko

Daum Commercial Real Estate Services

Broker

$11.7M

vol

3 deals

Broker
Rick Stone

Rick Stone

EverWest

Landlord

$329.8M

vol

14 deals

Landlord

Rowland Heights Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93