FINANCED
CBRE Secures $9M Refinancing Deal For Fully Occupied Industrial Building In Alameda
800 West Tower Avenue
Industrial
Financed 181 days ago
Summary
Loan
CALIFORNIA
Industrial
The industrial building located at 800 West Tower Avenue in Alameda has secured a $9 million refinancing deal. The property features 32-foot clear heights and 20 hanger-style doors. It is fully occupied and sits on 6.8 acres of land.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Loan Type: Refinance
- Loan Terms: 25-year loan, which is fully amortizing with a rate reset at the end of every five years of the loan
CBRE Capital Markets arranged the 25-year fully amortizing loan with a rate reset every five years. The loan was secured by brokers Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Bob Ybarra, and Shaun Moothart from CBRE. The borrower's identity and the specific use of the funds remain undisclosed at this time.
Players
Details
FINANCED
IMAGE: Nick Santangelo, Shaun Moothart, Doug Birrell, Bruce Francis, Bob Ybarra & Jim Korinek
DATE: 11/13/2023
ADDRESS: 800 West Tower Avenue
MARKET: Alameda
ASSET TYPE: Industrial ~ ACRES: 6.8
BROKERS: Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Bob Ybarra & Shaun Moothart - CBRE (@CBRE)
LOAN AMOUNT: $9,000,000
LOAN TYPE: Refinance
LOAN TERMS: 25-year loan, which is fully amortizing with a rate reset at the end of every five years of the loan
NOTE: CBRE has secured a $9 million refinancing deal for a fully occupied industrial building in Alameda, featuring 32-foot clear heights and 20 hanger-style doors. The 25-year loan, fully amortizing with a rate reset every five years, was arranged by CBRE Capital Markets, and details about the borrower and fund use remain undisclosed.View on map
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Address800 West Tower Avenue
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