Marc Schillinger Of JLL Secures $15.9M Loan For Warehouse In Long Beach

The warehouse facility located at 2575 El Presidio St in Carson, CA, 90810 has been acquired by Thor Equities Group in a last-mile transaction. The property built in 1972 on six acres features 196,300 square feet of space including 22-foot clear heights, nine loading positions, office and mezzanine space, and ample parking. The asset was sold in an off-market sale-leaseback deal with the undisclosed seller fully occupying the property. Marc Schillinger and Keith Rosso of JLL Capital Markets secured $15.9 million in acquisition financing from National Life Group in the form of a seven-year fixed-rate, interest-only loan.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $15,900,000.00
• Market: Long Beach
• Borrower's Representative: Marc Schillinger (JLL)
• Lender: National Life Group

Thor Equities Group was represented in the deal by Marc Schillinger from JLL, while National Life Group provided the financing. The seller, though undisclosed, fully occupies the property. The transaction, arranged by JLL Capital Markets, highlights the strategic financing and acquisition of the warehouse asset in Carson, CA.