Morgan Stanley Refinances Retail Property In Fullerton For $39.9M

1302 Harbor Boulevard, a retail property located in Fullerton, has recently undergone a loan transaction. The property spans 244,093 square feet and is owned by Columbus Pacific Properties, represented by Rick Margolis and Brian Shirken. The loan, totaling $39,900,000, was provided by Morgan Stanley for the purpose of refinancing. The loan terms include a 5-year duration with full term interest-only payments and a fixed interest rate of 5.86%. It is worth noting that the all-in coupon rate was the result of a voluntary rate buydown.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $39,900,000
• Lender: Morgan Stanley
• Landlord: Columbus Pacific Properties - Rick Margolis & Brian Shirken
• Brokers: Riley Manke & Andrew Westling - Walker & Dunlop
• Loan Type: Refinance
• Loan Terms: 5-Year, Full Term Interest Only, 5.86% Fixed (All-in coupon rate was result of a voluntary rate buydown)

Riley Manke and Andrew Westling from Walker & Dunlop represented the landlord, Columbus Pacific Properties, in this loan transaction.