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Abell Auction Leases 14,117 SF Mixed-Use Space In Commerce To Cardinal Coate Trust

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LEASED

California

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LEASED

Abell Auction Leases 14,117 SF Mixed-Use Space In Commerce To Cardinal Coate Trust

6620 Telegraph Road

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Mixed-use14,117 SF
Leased
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:14117 SF
Transaction Type:Lease

The leased property located at 6620 Telegraph Road in Commerce spans 14,117 square feet and is classified as a mixed-use asset. The landlord, Cardinal Coate Trust, finalized a lease agreement with Abell Auction Company, with the space intended for showroom use, auction events, and storage of the company's collection.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not specified
  • Address: 6620 Telegraph Road
  • Market: Commerce
  • Tenant: Abell Auction Company
  • Landlord: Cardinal Coate Trust

Transwestern Real Estate Services played a crucial role in facilitating the 14,117-square-foot lease for Abell Auction Company at 6620 Telegraph Rd. Abell Auction Company, established in 1916, has a rich history as a family-operated business, specializing in collaborating with estates of renowned personalities, including actors, producers, and U.S. presidents. J.D. DeRosa of Transwestern represented Abell Auction in the lease negotiations, while Mark Repstad of Southland Commercial Real Estate acted as the landlord's representative, showcasing a successful transaction between the parties involved.

Players

Mark Repstad
5 deals$52.9M volume
BROKER

J.D. DeRosa
Transwestern
2 deals$13M volume(213) 430-2531
BROKER

Details

LEASED
IMAGE: 05/22/2024 ADDRESS: 6620 Telegraph Road MARKET: Commerce ASSET TYPE: Mixed-use ~ SF: 14,117 LANDLORD: Cardinal Coate Trust TENANT: Abell Auction Company LANDLORD'S REP: Mark Repstad - Southland Commercial Real Estate TENANT'S REP: J.D. DeRosa - Transwestern NOTE: Transwestern Real Estate Services facilitated a 14,117-square-foot lease for Abell Auction Company at 6620 Telegraph Rd. in Commerce, where the company will utilize the space as a showroom, auction venue, and for additional storage of its collection. J.D. DeRosa of Transwestern represented Abell Auction, while Mark Repstad of Southland Commercial Real Estate represented the building's ownership, the Cardinal Coate Trust. Established in 1916, Abell Auction remains a family-operated business, boasting a century-old legacy, and has notably collaborated with estates of prominent figures including actors, producers, and U.S. presidents.

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Deal Type
Effective Rent (Annual)

$809,177.92

Total Lease Value

$8,091,779.21

Net Landlord Cash Flow$809,177.92