Bank Of The Sierra Provides $21M Loan For Industrial Property In Anaheim
2121 West Crescent Avenue, Anaheim, CA, USA
$21,000,000
$100/SF
Building Size
208,583 SF
Asset Type
Industrial
Closing
Jan 27, 2021
AI
An industrial property located at 2101-2121 West Crescent Avenue and 700-720 North Valley Street in Anaheim has recently been involved in a closed transaction. The property, spanning an area of 208,583 square feet, was part of a deal facilitated by Tri Freeway Business LLC, represented by Peter Wang. The transaction took place on January 28, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,000,000
- Market: Anaheim
- Lender: Bank of the Sierra
- Landlord: Tri Freeway Business LLC - Peter Wang
- Brokers: Shaun Moothart, Bruce Francis, Dana Summers, Bob Ybarra & Doug Birrell - CBRE
- Square Footage: 208,583
- Loan Terms: seven-year
The loan for this transaction was provided by Bank of the Sierra. The seven-year loan amounted to $21,000,000. The property's representatives involved in the deal were Shaun Moothart, Bruce Francis, Dana Summers, Bob Ybarra, and Doug Birrell, who are all associated with CBRE.
Players
Anaheim 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93