Cabinet maker sells factory, signs leaseback

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The Kearny Industrial Fund partnership recently purchased a 160,561-square-foot warehouse/manufacturing building in Temecula, Calif., for $13 million. In the sale/leaseback transaction, Walker Wood Products, a family-owned and -operated cabinet manufacturing company serving home builders throughout Southern California, signed a 10-year lease for the entire space. Located on approximately 11.5 acres, 43195 Business Park Drive is a single-tenant property that includes 30,790 square feet of office buildout. The facility, which was built in 1991, serves as the headquarters for Walker Wood Products. ...