PSRS Arranges $11.7M Refinance Loan For Industrial Property In El Segundo | 600 South Allied Way | Michael (Mike) Thorp, Ari Zeen | Industrial | Loan

Summary

Loan

CALIFORNIA

Industrial

35,890 sqft

A $11.7 million refinancing deal has been arranged for a single-tenant industrial building located at 600 South Allied Way in El Segundo. The property features 35,890 square feet of industrial space and 11,000 square feet of office space.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $11,700,000
Address: 600 South Allied Way, El Segundo
Market: El Segundo
Square Footage: 35,890 (Industrial), 11,000 (Office)
Loan Type: Refinance
Loan Terms: 10-year term and 25-year amortization

The $11.7 million refinancing deal was secured from a life insurance company by Michael Thorp and Ari Zeen of Pacific Southwest Realty Services (PSRS) on behalf of an undisclosed borrower.

Players

All
3

Agents
2
Agencies
1

PSRS- Pacific Southwest Realty Services

Details

Deal Summary

FINANCED

IMAGE: Michael Thorp & Ari Zeen DATE: 11/16/2023 ADDRESS: 600 South Allied Way MARKET: El Segundo ASSET TYPE: Industrial ~ SF: 35,890 ~ ACRES: 1.7 BROKERS: Michael (Mike) Thorp & Ari Zeen - Pacific Southwest Realty Services (PSRS) (@PSRSLA) LOAN AMOUNT: $11,700,000 LOAN TYPE: Refinance LOAN TERMS: 10-year term and 25-year amortization NOTE: PSRS has arranged an $11.7 million refinancing deal for a single-tenant industrial building on Allied Way in El Segundo, featuring 35,890 square feet of industrial space and 11,000 square feet of office space. The 10-year term and 25-year amortization loan with substantial cash-out proceeds was secured from a life insurance company by Michael Thorp and Ari Zeen of PSRS for an undisclosed borrower.

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Address600 South Allied Way

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