$19 million refinancing secured by JLL Capital Markets for Cable Business Park in the Inland Empire market at Upland, CA

 

Jalynn Borders

LOS ANGELES, CA –  JLL Capital Markets has secured a $19.2 million refinancing of Cable Business Park, an 11-building industrial park spanning 283,164 square feet in Upland, California. JLL represented Cable Commercial Center, LLC to secure the fixed-rate, five-year loan through Principal Asset Management ^SM

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Alex Olson 

Built in 2004, the park is fully leased to 41 diverse tenants who have collectively contributed to the site’s remarkable 99% average occupancy rate since 2016. The property offers a wide variety of suite sizes ranging from 1,500 to 39,000 square feet, featuring 18–24-foot clear heights, ample parking and dock-high/ground level loading.

The property also features 10 airplane hangars with direct access to the adjacent Cable Airport, the largest privately owned public-use airport in the United States which adds unique value to the property by accommodating executive and tenant travel needs.

Cable Business Park, an 11-building industrial park
spanning 283,164 square feet in Upland, CA

Situated in the Inland Empire West submarket, Cable Business Park benefits from its strategic location near major transportation corridors, including the I-10, I-15 and I-210 freeways. The industrial park is well-positioned to take advantage of Southern California's integral distribution channels, connecting businesses to critical infrastructure and dense population centers throughout the region.

The JLL Debt Advisory team was led by Director Alex Olson and Associate Jalynn Borders.

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CONTACT

 

Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

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