Chad O’Connor Of Marcus & Millichap Capital Corporation Arranges $4.31M Loan For Goodyear In Compton

The property involved in this transaction is an industrial asset located at 19118 South Reyes Avenue in Compton, California. The property spans 37,127 square feet and is occupied by Goodyear Commercial Tire & Service Center. A loan of $4,310,000 has been arranged for this industrial property, which is situated in a key market area known for stabilized industrial assets.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $4,310,000
• Loan Terms: 10-year
• Location: 19118 South Reyes Avenue, Compton
• Square Footage: 37,127
• LTV: 55%
• Fixed Rate: 5.68%
• Amortization: 30 years
• Broker: Chad O’Connor - Marcus & Millichap Capital Corporation

Chad O’Connor represented the interests of Marcus & Millichap Capital Corporation in arranging the financing for this property transaction. The loan was provided by a national credit union, highlighting the ongoing interest from lenders in the industrial sector, particularly in core Los Angeles County markets.