Alan Borstein Of Borstein Enterprises Secures $72.5M Loan From Bank Of America For Industrial Campus

The property asset involved in this transaction is the Alameda Business Centre, located at 2501 South Alameda Street, Los Angeles, CA. This industrial campus encompasses 507,000 square feet situated on nearly 19 acres. The four-building facility is rail-served and comprises 24 suites, contributing to Borstein’s substantial industrial portfolio in Southern California, which totals 1.7 million square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $72,500,000
• Square Footage: 507,000
• Address: 2501 South Alameda Street
• Market: Los Angeles, CA
• Lender: Bank of America
• Landlord: Alan Borstein - Borstein Enterprises

In this transaction, Borstein Enterprises secured financial backing for the acquisition of the property through a loan from Bank of America, facilitating the continued growth of their industrial real estate holdings. Alan Borstein represents Borstein Enterprises in this transaction.