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2121 West Crescent Avenue, ...

Bank Of The Sierra Provides $21M Loan For Industrial Property In Anaheim
FINANCEDIndustrial

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

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

Bruce Francis

CBRE

Broker

$717.8M

vol

18 deals

Broker
Bank of the Sierra
Bank of the SierraLender

Peter Wang

Landlord

$29.8M

vol

2 deals

Landlord

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