Updated Oct 12, 2026
First Citizens Bank Provides $26.5 Million Refinance Loan For Industrial Asset In Culver City
8631 Hayden Place
$26,500,000
$345/SF
Building Size
76,755 SF
Asset Type
Industrial
Closing
Mar 4, 2025
About this deal
AI
The property asset involved is an industrial space located at 8631 Hayden Place in Culver City, CA. The asset encompasses a total of 76,755 square feet and was involved in a refinancing transaction of $26,500,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,500,000
- Address: 8631 Hayden Place
- Market: Culver City, CA
- Lender: First Citizens Bank
- Loan Type: Refinance
- Advisors: Max Hulsh, Max Herzog, Marko Kazanjian & Andrew Cohen - Institutional Property Advisors (IPA)
The deal was facilitated by advisors from Institutional Property Advisors, consisting of Max Hulsh, Max Herzog, Marko Kazanjian, and Andrew Cohen, highlighting their roles in managing the refinancing process for the asset.
On the Map
$26,500,000
$345/SF
Industrial
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Players
Culver City 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93