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17835 Gale Ave, La Puente, ...

Frank & Son Collectible Show Leases 116000 Square Feet At Kornland Building In La Puente
LEASEDRetail

Frank & Son Collectible Show Leases 116000 Square Feet At Kornland Building In La Puente

17835 Gale Ave, La Puente, CA, 91748

Building Size

116,000 SF

Asset Type

Retail

Closing

Nov 26, 2019

AI

The property involved in this transaction is located at 17835 Gale Ave, La Puente, CA, 91748. It has a total area of 116,000 square feet and is situated in the City of Industry. The landlord for this property is Kornland Building.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 17835 Gale Ave, La Puente, CA, 91748
  • Market: City of Industry
  • Tenant: Frank & Son Collectible Show
  • Landlord: Kornland Building
  • Tenant's Representative: Adam Dzierzynski (Lee & Associates)
  • Landlord's Representatives: Annika Colombi (CBRE), Barclay Harty (Strategic Retail Advisors)

The tenant in this deal is Frank & Son Collectible Show, represented by Adam Dzierzynski from Lee & Associates. The landlord's interests are represented by Annika Colombi from CBRE and Barclay Harty from Strategic Retail Advisors, highlighting the involvement of multiple brokerage firms in this lease transaction.

Players

Barclay Harty

Strategic Retail Advisors

Broker

$37.5M

vol

2 deals

Broker
BL
Berkeley Development Co, L.P.Tenant

City of Industry Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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