Bixby Land Secures $63.9M Loan For Industrial Buildings In Mira Loma

The loan amount of $63,900,000 was secured by Bixby Land Company for two industrial buildings located at 11145 & 11150 Inland Avenue in Mira Loma. These buildings, with a total size of nearly 298,000 square feet on 15 acres, were constructed in 1998 in one of Southern California's leading industrial real estate markets.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $63,900,000
• Address: 11145 & 11150 Inland Avenue
• Market: Mira Loma
• Size: 298,000 square feet
• Acres: 15

The loan was provided by Lincoln Financial Group and Pacific Coast Capital Partners (PCCP). The landlord, Aaron Hill, represents Bixby Land Company in this refinancing deal. The investment in these industrial properties showcases a strategic move in a real estate market that has seen challenges due to inflation and rising interest rates, leading to a decline in sales volumes compared to previous years.