Proficiency Capital Secures $32.2M Loan For McGee Business Center Acquisition In Chino And Pomona

The property involved in this transaction is an industrial portfolio located at 2300 South Reservoir Street & 12301-12395 Mills Avenue, situated in the markets of Pomona and Chino. The asset encompasses a total of 231,696 square feet, divided across two parks with 71 industrial suites, each suite averaging 3,263 square feet. The transaction includes a loan amount of $32,200,000 with three-year, floating-rate loan terms.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32,200,000
• Asset Address: 2300 South Reservoir Street & 12301-12395 Mills Avenue
• Market: Pomona & Chino
• Square Footage: 231,696
• Landlord: Matt Englhard - Proficiency Capital
• Brokers: Kyle White, Nick Englhard & Peter Thompson - JLL
• Loan Terms: three-year, floating-rate

This financing was secured by JLL Capital Markets for Proficiency Capital’s acquisition of the fully leased McGee Business Center I & II, showcasing their role in facilitating the transaction. The individuals involved include Matt Englhard, representing the landlord, alongside the brokerage team composed of Kyle White, Nick Englhard, and Peter Thompson, who collectively played a crucial role in the arrangement of this loan.