Updated Dec 4, 2024
PSRS Arranges $25M Refinance Loan For 282K SF Industrial Property In Paramount
14001 Orange Avenue & 14003 Orange Avenue
$25,000,000
$44/SF
Building Size
282,000 SF
Asset Type
Industrial
Closing
Jan 8, 2024
About this deal
AI
A $25 million cash-out refinancing was arranged by PSRS- Pacific Southwest Realty Services for a 282,000-square-foot industrial property located at 14001-14003 Orange Avenue in Paramount, Los Angeles. The undisclosed borrower received a nonrecourse loan with an eight-year term and 25-year amortization schedule from a life insurance company.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $25,000,000
- Market: Paramount
- Square Footage: 282,000
- Address: 14001-14003 Orange Avenue
The loan was arranged by David Semmer from PSRS- Pacific Southwest Realty Services, who represented the borrower in the transaction.
Paramount 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93