FINANCED
JLL Capital Markets Secures $17.5M Loan For Moreno Valley Development Site
12150 Theodore Street
Development Site
500,000 SF
500,000 SF
Financed 235 days ago
Summary
Loan
CALIFORNIA
Development Site
500,000 sqft
The JLL Capital Markets team has secured $17.5 million in pre-development financing for a 22.1-acre parcel located at 12150 Theodore Street in Moreno Valley's World Logistics Center. The property, owned by CapRock Partners, offers a development site with a building square footage of 500,000 and is situated in a market known for its logistical advantages.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $17,500,000
- Address: 12150 Theodore Street
- Market: Moreno Valley
- Building Square Footage: 500,000
CapRock Partners, led by Patrick Daniels, serves as the landlord for this project. The brokerage team from JLL, consisting of brokers Greg Brown, Peter Thompson, Kyle White, and Spencer Seibring, facilitated the financing deal. With the newly secured funds, CapRock has the option to either develop the property by constructing a warehouse or sell the land once it has been entitled, providing flexibility for future decision-making.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Greg Brown, Kyle White, Peter Thompson & Patrick Daniels
DATE: 09/08/2023
ADDRESS: 12150 Theodore Street
MARKET: Moreno Valley
ASSET TYPE: Development Site ~ BSF: 500,000 ~ ACRES: 22.1
LANDLORD: CapRock Partners (@caprock_partners) - Patrick Daniels
BROKERS: Greg Brown, Peter Thompson, Spencer Seibring & Kyle White - JLL (@jll)
LOAN AMOUNT: $17,500,000
LOAN TYPE: Refinance
NOTE: JLL Capital Markets secured $17.5 million in pre-development financing for a 22.1-acre parcel in Moreno Valley's World Logistics Center. CapRock, the developer, can choose to build a 500,000-square-foot warehouse or sell the land once entitled.View on map
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Address12150 Theodore Street
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