Updated Sep 9, 2026
Michael Tanner & David Sarnoff Of Pacific Southwest Realty Services Arrange $14M Refinance For Industrial Property In Irvine
17522 Armstrong Avenue
$14,000,000
$140/SF
Building Size
99,576 SF
Asset Type
Industrial
Closing
Sep 3, 2026
About this deal
AI
The property involved in the transaction is a 99,576-square-foot industrial flex facility located at 17522 Armstrong Avenue in Irvine, CA. The loan amount for the refinancing is $14,000,000. The asset features a climate-controlled warehouse, loading doors, and dedicated office space. The refinancing carries a 60% loan-to-value (LTV) ratio and offers a two-year, full interest-only term.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,000,000
- Address: 17522 Armstrong Avenue
- Market: Irvine, CA
- Asset Size: 99,576 SF
- Loan Type: Refinance
- Loan Terms: Two-year, full interest-only term
- Loan-to-Value Ratio: 60%
The deal was facilitated by brokers Michael Tanner and David Sarnoff from Pacific Southwest Realty Services (PSRS). They arranged the refinancing loan through an undisclosed debt fund, highlighting their role in securing financing for the property.
On the Map
$14,000,000
$140/SF
Industrial
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Players
Irvine 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93