CBRE Secures $9M Refinancing Deal For Fully Occupied Industrial Building In Alameda

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.