Updated Mar 11, 2025
CBRE Arranges $7.5M Loan For Azusa Industrial Property Acquisition
301 N Aerojet Dr, Azusa, CA, 91702
$7,500,000
Building Size
—
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
The industrial property located at 301 and 411 N. Aerojet Drive in Azusa, CA, 91702, was sold in an off-market, sale-leaseback transaction for $12.5 million. The 75,081-square-foot facility was acquired by San Diego-based Sentre. Mortech Manufacturing, the previous owner, executed a new 10-year lease for the entire property upon closing of the sale.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12.5 million
- Market: Azusa
- Borrower's Rep: Morgon Fraser(CBRE), Scott Peterson(CBRE)
- Lender: Unknown life insurance company
- Loan Amount: $7,500,000.00
Scott Peterson and Morgon Fraser of CBRE Capital Markets Debt & Structured Finance Placement team played a key role in arranging a $7.5 million fixed-rate, five-year loan for the acquisition of the industrial property at Azusa Center by Sentre. The details of the loan were successfully put together by this dedicated team.
On the Map
$7,500,000
Industrial
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Players
Azusa 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93