North Palisade Partners Secures $26 Million Bridge Loan For Anaheim Self Storage Facility
1477 North Jefferson Street
$26,000,000
Building Size
—
Asset Type
—
Closing
May 6, 2026
AI
A 7.75-acre industrial outdoor storage facility located at 1477 North Jefferson Street in Anaheim, CA, secured a $26 million nonrecourse bridge loan. This Class A asset encompasses 337,590 square feet and is fully leased to a Fortune 100 logistics tenant utilizing the site for mission-critical trailer parking in support of nearby distribution centers.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $26,000,000
- Loan Type: Bridge
- Loan Terms: three-year, floating-rate
- Landlords: Joe Mishurda - North Palisade Partners
- Brokers: Peter Thompson, Kyle White & Nick Englhard - JLL
JLL Capital Markets facilitated the arrangement for the bridge loan, ensuring financing for North Palisade Partners to support their industrial storage asset. The involved parties emphasize the strategic role of the property within the logistics sector, primarily due to its occupancy by a significant corporate tenant.
Players
Whitewater CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93