Cable Commercial Center LLC Refinances Industrial Property In Upland For $19.2 Million

The property asset involved in this transaction is the Cable Business Park, an 11-building industrial property located at 1120 Dewey Way in Upland, CA. This asset has a total square footage of 283,164 and is currently fully leased with 99% occupancy. The park features unique amenities including airplane hangars and is strategically located near major highways and Cable Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19,200,000
• Lender: Principal Asset Management
• Landlord: Cable Commercial Center, LLC (an entity affiliated with Cable Development)
• Brokers: Alex Olson & Jalynn Borders - JLL
• Loan Terms: Fixed-rate, five-year loan

Alex Olson and Jalynn Borders from JLL Capital Markets were instrumental in securing financing for the Cable Business Park. They facilitated the refinancing of the property, ensuring the landlords benefited from a favorable loan structure. The transaction reflects a strategic financial move for Cable Commercial Center, LLC, further solidifying its presence in the industrial market.