The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Dedeaux Properties Secures $88 Mil for Its Recent Inland Empire Industrial Buy

8/14/19

Dedeaux Properties obtained $87.95 mil in financing for its recent purchase of a newly constructed, 1 msf state-of-the-art warehouse and distribution center in the Sycamore Canyon submarket of Riverside. Dedeaux Properties bought the asset in a joint venture with an institutional partner, as reported on RENTV a week earlier.

The five-year, floating rate debt package is for the property acquisition and lease-up. It was provided by Mesa West Capital.

Situated on 52-acres of land at 6275 Lance Dr, the cross-dock building features 147 dock-high doors, a 710-foot building depth, 185-foot secured concrete truck courts, and a 36-foot clear height. Given the property was being delivered vacant, the loan was capitalized with a future funding facility for leasing costs. The Sponsor plans to lease the building to a single user on a long-term basis.

“The Inland Empire is one of the top industrial markets in the nation with low vacancy rates, limited developable land, and significant barriers to entry, resulting in high demand. These strong market fundamentals coupled with an experienced local owner and operator of a newly constructed institutional quality building made this a compelling and unique opportunity,” said Mesa West Vice President Danielle Duenas, who originated the loan out of Mesa West’s Los Angeles office. “We’re continuing to look to finance industrial product in select markets, a space where bridge financing has not traditionally been utilized given the construction to perm dynamic and competitive landscape for this asset class,” Duenas added.






Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media