Updated Dec 21, 2023
Citi Provides $5M Loan For Industrial Property In Santa Fe Springs
12717 Barbara Ann Street, North Hollywood, CA 91605, USA
$5,000,000
$94/SF
Building Size
53,171 SF
Asset Type
Industrial
Closing
Jul 20, 2020
About this deal
AI
12717 Ann Street in Santa Fe Springs has been the subject of a recent closed property transaction. The industrial asset, in the market of Santa Fe Springs, was involved in a deal that included a loan from Citi.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Date: 07/20/2021
- Lender: Citi
- Landlord: Alex Chung
- Broker: Brandon Perdeck - AGENCY
- Loan Terms: 10-yr term, 30-year AM, 5-YR Interest Only, Non-Recourse
The loan, amounting to $5,000,000, was provided by Citi. The transaction took place on 07/20/2021. The property, located at 12717 Ann Street in Santa Fe Springs, is an industrial asset. The loan terms include a 10-year term, 30-year amortization period, 5-year interest-only payments, and non-recourse financing.
Alex Chung is the landlord of the property, while Brandon Perdeck, representing the agency, served as the broker in the deal.
On the Map
$5,000,000
$94/SF
Industrial
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Players
North Hollywood Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93