the buildings are located in the Valencia Business Center, a 25-building property with 221,253 square feet.
98 percent leased. Security Properties funded the acquisition with $33.25 million of mortgage debt provided by Prudential Mortgage Capital. Capmark arranged the loan and also provided $13 million of equity financing.
The property is 100 percent occupied by Q-Run Technology Co.
aka the Fullerton Business Center; fully leased
at 2800 Madison Ave.; Granite plans to invest $1.4Mln renovating it over the next year and a half.
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..