Magnolia Industrial Center

$7,000,000 Loan for an Industrial Property in Santee, California.

City: Santee, CA
Loan amount: $7,000,000
Lender type: Credit Union
Property type: Industrial
Size: 52,282 SF

Transaction description

Ricky Giancola of PSRS arranged the $7MM acquisition financing of the Magnolia Industrial Center in Santee, CA. The property is a multi-tenant industrial building home to 45 tenants with a segment of space dedicated to office use in the front. The property’s central location at the intersection of the 52 and 67 freeways is a hub for commerce transiting between North, South, and East San Diego County. Financed with credit union execution, PSRS helped facilitate superior loan terms for its borrower with a fixed five-year term and a 30-year amortization.




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