FINANCEDOffice
Marcus & Millichap Capital Corporation Arranges $5.7 Million Loan For Northridge Office Building
9221 Corbin Avenue
$5,700,000
$116/SF
Building Size
48,954 SF
Asset Type
Office
Closing
Jul 8, 2026
AI
A loan of $5,700,000 has been arranged for a multi-tenant office building located at 9221 Corbin Avenue in Northridge, CA. The office building encompasses 48,954 square feet and is positioned within a notable market segment. The financial terms include a three-year duration, a 6% interest rate, a loan-to-value ratio of 65%, and a 25-year amortization schedule. Financing has been sourced from a regional bank.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,700,000
- Asset Size: 48,954 SF
- Address: 9221 Corbin Avenue
- Market: Northridge, CA
- Loan Terms: three-year
- Interest Rate: 6%
- Loan-to-Value Ratio: 65%
- Amortization Schedule: 25 years
Dean Giannakopoulos from Marcus & Millichap Capital Corporation represents the lending process for this transaction, facilitating the loan arrangements for the property involved.
Avenue Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93