PSRS Arranges $11M Refinance Loan For Sunny Hills Business Park In Fullerton
223 Imperial Highway
$11,000,000
$62/SF
Building Size
176,475 SF
Asset Type
Industrial
Closing
Dec 4, 2023
AI
The Sunny Hills Business Park in Fullerton, Orange County has secured an $11 million refinancing deal. The industrial/flex and office building park spans 176,475 square feet and is located at 223 Imperial Highway. The property sits on 10.3 acres in the Fullerton market.
Summary of transation details
- Property Type: Industrial
- Loan Amount: $11,000,000
- Loan Type: Refinance
- Loan Terms: nonrecourse, 10-year loan with a 30-year amortization schedule
- Brokers: Kostas Kavayiotidis & Matthew Farzinpour - PSRS- Pacific Southwest Realty Services
PSRS- Pacific Southwest Realty Services has arranged the $11 million refinancing deal for Sunny Hills Business Park. The loan is a nonrecourse, 10-year loan with a 30-year amortization schedule. The financing was obtained from one of PSRS' correspondent life insurance companies.
Players
Fullerton 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93