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Marcus & Millichap Capital Facilitates $6.5M Acquisition Loan For Renovated Industrial Property In Santa Ana

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FINANCED
$6,466,500

California

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Industrial
Financed 06/13/2023
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Property Image
FINANCED

Marcus & Millichap Capital Facilitates $6.5M Acquisition Loan For Renovated Industrial Property In Santa Ana

1820 South Santa Fe Street Santa Ana, California 92705, USA

See Similar Deals
Industrial
Financed 06/13/2023
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Summary

CALIFORNIA
Asset Type:Industrial
Transaction Type:Loan

Marcus & Millichap Capital Corporation (MMCC) arranged a $6.5 million loan for the acquisition of a renovated industrial property in Santa Ana, California. The property, located at 1820 South Santa Fe Street, spans 19,152 square feet and is conveniently situated near major highways and retail shops in Orange County.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,466,500
  • Address: 1820 South Santa Fe Street
  • Market: Santa Ana

Richard Knorr, Drew Wetherholt, and Colin Wu, representing Marcus & Millichap Capital Corporation, were the brokers involved in facilitating this acquisition loan.

Players

Drew Wetherholt
2 deals$12.3M volume
BROKER

Richard Knorr
Marcus & Millichap
2 deals$10.1M volume(909) 456-3496
BROKER

Colin Wu
Marcus & Millichap
1 deal$6.5M volume(909) 456-3432
BROKER

Details

FINANCED
IMAGE: Richard Knorr, Colin Wu & Drew Wetherholt DATE: 06/13/2023 ADDRESS: 1820 South Santa Fe Street MARKET: Santa Ana ASSET TYPE: Industrial BROKERS: Richard Knorr, Drew Wetherholt & Colin Wu - Marcus & Millichap Capital Corporation LOAN AMOUNT: $6,466,500 LOAN TYPE: Acquisition Loan NOTE: Marcus & Millichap Capital Corporation (MMCC) arranged a $6.5 million loan for the acquisition of a renovated industrial property in Santa Ana, California. The property, spanning 19,152 square feet, is conveniently located near major highways and retail shops in Orange County.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,466,500.00

Monthly NOI$43,110.00
Monthly Debt Service$40,872.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00