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

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.