Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged a $6,466,500 loan for the acquisition of an industrial property located at 1820 S. Santa Fe St in Santa Ana, California.
Richard Knorr, first vice president, capital markets, based out of MMCC’s Inland Empire office, secured the financing with a national bank. “We were able to secure attractive financing for this recently renovated property, including a 6.14% interest rate with a 25-year self-liquidating term,” said Knorr. Marcus & Millichap’s investment sales agents Drew Wetherholt, senior vice president, and Colin Wu, associate, arranged the sale.
Conveniently located near the Costa Mesa Freeway, the 19,152 square foot property is adjacent to several retail shops and other major highways, providing easy access to the greater Orange County area.
