Sunday, January 15, 2017

HFF arranges $10.2 million acquisition financing for Los Angeles-area flex industrial park

Yorba Linda Business Park, La Palma Avenue, Yorba Linda, CA

 LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $10.2 million in acquisition financing for Yorba Linda Business Park, a four-building flex industrial park totaling 115,760 square feet in Yorba Linda, California.

Working on behalf of the borrower, Berkeley Partners, HFF placed the 10-year, non-recourse loan with Michael McCool at Chase Commercial Mortgage Lending.  The loan will have a fixed-rate for the first five years before converting to a floating-rate loan for the remaining five years.  Loan proceeds were used to pay off a line of credit that was used to acquire the property 60 days before the loan closed. 

Jeff Sause
Situated on approximately 9.1 acres, Yorba Linda Industrial Park is located at 22343, 22345, 22347 and 22349 La Palma Avenue in the foothills of Yorba Linda, a southern California community southeast of Los Angeles.

  The property is near an entry ramp to the Riverside Freeway and is approximately 40 miles from the Ports of Long Beach and Los Angeles.  Additionally, the business park has easy access to the southern part of Orange County via the Foothill Transportation Corridor (241) Toll Road.

Yorba Linda Business Park features 68 industrial, office and flex units that are 91 percent leased to a variety of tenants, including The Well, Canyon Crossfit, Global Powersport Resource, CaliRovers and Central Enterprises.

The HFF debt placement team representing the borrower was led by director Jeff Sause and senior managing director Kevin Mackenzie.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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