Axos Bank Provides $34.6M Construction Loan For Industrial Property In Elmhurst, Queens

An industrial property located at 52-35 74th Street in Elmhurst, Queens has been involved in a recent closed transaction in the market. The property spans approximately 28,430 square feet and is owned by SNL Storage, represented by Marc Sharinn. The transaction took place on July 28, 2022, with Axos Bank serving as the lender.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $34,587,001
• Address: 52-35 74th Street, Elmhurst, Queens
• Market: Elmhurst, Queens
• Asset Type: Industrial
• Square Footage: 28,430
• Lender: Axos Bank
• Landlord: SNL Storage - Marc Sharinn
• Loan Type: Construction

In this deal, Axos Bank provided a construction loan of $34,587,001 to facilitate the transaction. SNL Storage, represented by Marc Sharinn, serves as the landlord of the industrial property.