EverWest Closes Industrial Sale-Leaseback
The investor buys the 181,730-square-foot industrial warehouse in Los Angeles for $38.5 million.
EverWest Real Estate Investors has acquired 181,730-square-foot industrial warehouse in Los Angeles for $38.5 million. The property traded hands in a sale leaseback transaction with Newegg.
Situated on 8.1 acres, 17708 Rowland Street is in City of Industry, a Los Angeles industrial suburb in the San Gabriel Valley region of Los Angeles County. This high barriers-to-entry location is within a distribution hub and the San Gabriel Valley Industrial submarket. 17708 Rowland Street has easy access to the SR-60, SR-57, I-10 and I-605 Freeways and is within 35 miles of Los Angeles International Airport and Ports of Los Angeles and Long Beach.
The JLL Capital Markets team representing the seller was led by SVP Ryan Sitov and executive managing directors Mark Detmer and Bo Mills.