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Funded · Flex industrial
Fountain Valley Flex Industrial
Fountain Valley Flex Industrial
$14,450,000
Units / buildings2
Size59,754 sq ft
MarketFountain Valley, CA
Transaction overview
The 59,754 square foot property features 20' clear heights and 14 loading doors. At closing, the property was 100% leased with rents significantly below market.
The sponsor's business plan includes capex renovation and a leasing program to mark rents to market and convert lease structures to triple net.
Highlights
- Flex industrial
- Below-market rents
- Capex program
- Fountain Valley, CA
Loan details
- Loan type
- Floating rate bridge loan
- Structure
- Acquisition — value-add leasing
Structure
- Recourse
- Typically non-recourse except for standard carve-outs
Terms
- Term
- 6 months to 5 years
Markets
- Markets
- Primary, secondary, and select tertiary U.S. markets
Additional information
- Transaction details are provided for informational purposes based on publicly available deal summaries.
