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11145 Inland Avenue
FINANCED

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

11145 Inland Avenue

Industrial
298,000 SF
clock iconFinanced 67 days ago
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Summary

Loan
CALIFORNIA
Industrial
298,000 sqft

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.

Details

Deal Summary
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FINANCED
IMAGE: 05/07/2024 ADDRESS: 11145 & 11150 Inland Avenue MARKET: Mira Loma ASSET TYPE: Industrial ~ SF: 298,000 ~ ACRES: 15 LENDER: Lincoln Financial Group & Pacific Coast Capital Partners (PCCP) LANDLORD: Aaron Hill - Bixby Land Company LOAN AMOUNT: $63,900,000 LOAN TYPE: Refinance NOTE: Bixby Land Company secured $63.9 million in loans from Lincoln Financial Group and PCCP for two industrial buildings located in Mira Loma, part of Southern California's Inland Empire region. These buildings, totaling nearly 298,000 square feet on 15 acres, were built in 1998 and represent a strategic investment in one of the nation's leading industrial real estate markets, which has faced challenges amidst inflation and rising interest rates, resulting in decreased sales volumes compared to previous years. #

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Address11145 Inland Avenue

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