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300 East Arrow Highway

CapRock Partners Refinances Industrial Building In San Dimas With $32.9M Loan
FINANCEDIndustrial

CapRock Partners Refinances Industrial Building In San Dimas With $32.9M Loan

300 East Arrow Highway

$32,900,000

$199/SF

Building Size

165,070 SF

Asset Type

Industrial

Closing

Oct 12, 2023

AI

A 165,070-square-foot industrial building in San Dimas, California has secured $32.9 million in financing through a loan arranged by JLL Capital Markets. The property is fully leased to Western Pacific Storage Solutions and serves as a key asset for CapRock Partners to support their operations in the facility.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $32,900,000
  • Address: 300 East Arrow Highway, San Dimas
  • Market: San Dimas

The loan was secured for CapRock Partners, with JLL acting as their broker representative (Greg Brown, Peter Thompson, Kyle White, and Allie Black). This non-recourse refinance loan will provide financial support to CapRock Partners, further strengthening their operations in the industrial building.

Players

Greg Brown

JLL

Broker

$1.2B

vol

21 deals

Broker

Patrick Daniels

CapRock Partners

Landlord

$78.9M

vol

5 deals

Landlord

San Dimas 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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93