Updated Nov 20, 2025
Phelan Development And LaSalle Partners Secure $66.7M Refinance Loan For Lathrop II Warehouse
17995 Murphy Parkway
$66,700,000
Building Size
—
Asset Type
Industrial
Closing
Nov 19, 2025
About this deal
AI
An industrial property located at 17995 Murphy Parkway in Lathrop, California, encompassing a total space of 847,000 square feet, has been refinanced for an amount of $66,700,000. This transaction is situated in the Lathrop market.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $66,700,000
- Lender: Eric Cohen - Affinius Capital
- Landlord: Jeffrey Phelan - Phelan Development
- Landlord: Mark Gabbay - LaSalle Partners
- Broker: Craig Zarro - Preferred Capital Advisors
- Loan Type: Refinance
Phelan Development and LaSalle Partners successfully secured the $66.7 million refinance for the property, with Craig Zarro from Preferred Capital Advisors arranging the financing to meet the growing demand from tenants in Northern California's Central Valley.
On the Map
$66,700,000
Industrial
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Players
Lathrop 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93