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
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