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9879 San Fernando Road

Updated Dec 4, 2024

Lee Kleinman Provides Acquisition Loan For Industrial Building In Pacoima
FINANCEDIndustrial

Lee Kleinman Provides Acquisition Loan For Industrial Building In Pacoima

9879 San Fernando Road

$4,140,000

$847/SF

Building Size

4,885 SF

Asset Type

Industrial

Closing

May 15, 2024

About this deal

AI

An industrial property located at 9879 San Fernando Road in Pacoima was recently involved in a transaction. The property spans 4,885 square feet and sits on a 1.01 acre site. The acquisition deal was made for $4,600,000, with a loan amount of $4,140,000 through an owner-user purchase utilizing the SBA 504 program.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,600,000
  • Address: 9879 San Fernando Road
  • Market: Pacoima
  • Loan Amount: $4,140,000
  • Lender: Lee Kleinman - Business Finance Capital CDC
  • Landlord: Jorge Eroza
  • Loan Type: Acquisition Loan
  • Loan Terms: The bank provided a 50% 1st mortgage, and the SBA will provide a 40% 2nd mortgage

The transaction involved key individuals like Lee Kleinman from Business Finance Capital CDC serving as the lender and Jorge Eroza as the landlord. The deal was facilitated through the SBA 504 program, enabling the buyer to acquire the 4,885 square foot industrial building.

On the Map

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$4,140,000

$847/SF

Industrial

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Players

Business Finance Capital
Business Finance CapitalLender
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Pacoima Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $847 per square foot on a published $4.1M for 4,885 square feet (2024).

Browse Pacoima industrial loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.83%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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