Updated Oct 29, 2024
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
About this deal
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.
On the Map
Retail
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Players
City of Industry Retail Market Snapshot
Boundary boundary · Retail · 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