Updated Dec 4, 2024
PSRS Arranges $11.7M Refinance Loan For Industrial Property In El Segundo
600 South Allied Way
$11,700,000
$326/SF
Building Size
35,890 SF
Asset Type
Industrial
Closing
Nov 16, 2023
About this deal
AI
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
El Segundo 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93