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Standard Insurance Company Provides $20M Refinance Loan For 27,350 SF Industrial Property In El Monte

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FINANCED
$20,000,000

California

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Industrial27,350 SF
Financed 11/30/2023
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FINANCED

Standard Insurance Company Provides $20M Refinance Loan For 27,350 SF Industrial Property In El Monte

4350 Temple City Boulevard

See Similar Deals
Industrial27,350 SF
Financed 11/30/2023
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$731
Total Square Footage:27,350 SF
Transaction Type:Loan

A 7-acre Amazon-leased property located at 4350 Temple City Boulevard in the thriving El Monte market of Southern California has secured $20 million in refinancing. The property includes outdoor storage and an industrial building, spanning a total of 27,350 square feet. This transaction involved Standard Insurance Company as the lender.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Address: 4350 Temple City Boulevard
  • Market: El Monte
  • Square Footage: 27,350
  • Loan Type: Refinance

Bryan Kenny from Bandon Capital Advisors represented the borrower in this refinancing deal.

Players

Bryan Kenny
3 deals$36.5M volume(323) 201-6048
BROKER

Bandon Capital Advisors
LENDER

Details

FINANCED
IMAGE: Bryan Kenny DATE: 11/30/2023 ADDRESS: 4350 Temple City Boulevard MARKET: El Monte ASSET TYPE: Industrial ~ SF: 27,350 ~ ACRES: 7 LENDER: Standard Insurance Company BROKER: Bryan Kenny - Bandon Capital Advisors LOAN AMOUNT: $20,000,000 LOAN TYPE: Refinance NOTE: A 7-acre Amazon-leased property in Southern California, including outdoor storage and an industrial building, secured $20 million in refinancing from Standard Insurance Company. The site, near an Amazon distribution facility, reflects the appeal of industrial outdoor storage assets in the thriving L.A. market amid growing demand driven by e-commerce.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,000,000.00

Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00