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768 Turnbull Canyon Rd, La ...

Updated Oct 29, 2024

Ardmore Home Design Leases Industrial Facility In La Puente For HQ
LEASEDIndustrial

Ardmore Home Design Leases Industrial Facility In La Puente For HQ

768 Turnbull Canyon Rd, La Puente, C...

Building Size

128,810 SF

Asset Type

Industrial

Closing

Sep 20, 2016

About this deal

AI

A state-of-the-art Class-A industrial facility located at 768 Turnbull Canyon Road in La Puente was leased to Ardmore Home Design. The property spans 128,810 square feet and will serve as the corporate headquarters for Ardmore’s home décor business lines Made Goods and Pigeon & Poodle.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Tenant: Ardmore Home Design
  • Square Feet: 128,810
  • Address: 768 Turnbull Canyon Rd, La Puente
  • Landlord: FCA
  • Tenant's Rep: Ty Newland (Cushman & Wakefield)

Leading the deal was Cushman & Wakefield director Ty Newland from the Inland Empire office, representing Ardmore Home Design in the long-term lease agreement. Ardmore will consolidate and relocate its operations from three separate warehousing facilities in Baldwin Park to this new facility.

Players

Ty Newland

Cushman & Wakefield

Broker

2 deals

Broker
FCA
FCALandlord

Market 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

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