CBRE Arranges $7.5M Loan For Azusa Industrial Property Acquisition

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.