Sukut Construction Secures $130 Million Loan For 21-Asset Industrial Portfolio In California

An industrial portfolio comprising 21 assets has been financed with a loan amounting to $130,000,000. This portfolio spans 1,100,000 square feet and is located across the San Diego, Orange, Los Angeles, and Inland Empire markets. The properties included in the portfolio are 98% leased and consist of a variety of industrial assets along with self-storage, IOS, medical, and flex properties built between the years 1968 and 2016.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $130,000,000
• Loan Terms: five-year, fixed-rate
• Lender: New York Life
• Landlord: Michael Crawford - Sukut Construction, LLC
• Market: San Diego, Orange, Los Angeles, Inland Empire
• Brothers: Greg Brown, Allie Black & Nick Englhard - JLL

JLL Capital Markets played a pivotal role in arranging the financing for the industrial portfolio managed by Sukut Real Properties. The deal involved key individuals including Michael Crawford representing the landlord and the brokerage team led by Greg Brown, Allie Black, and Nick Englhard facilitating the transaction.