Standard Insurance Company Provides $20M Refinance Loan For 27,350 SF Industrial Property In El Monte
4350 Temple City Boulevard
$20,000,000
$731/SF
Building Size
27,350 SF
Asset Type
Industrial
Closing
Nov 30, 2023
AI
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
Poway Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93