OC Industrial

Transaction description

Jonny Soleimani of PSRS arranged the $1.2MM refinance of a single-tenant industrial/flex building in Orange, California. The subject property was built in 1979 of reinforced concrete and encompasses a total of 8,840 SF. Situated on a 0.4-acre lot, there are 10 surface parking spaces, and the site has been occupied by the tenant since 2011. Financed with bank execution, PSRS was able to provide for its borrower a 3.375% rate, 10-year term, and 25-year amortization.