80 percent leased.
Kennedy Wilson funded the purchase with a $47.8 million Freddie Mac mortgage that pays a coupon of 3.59 percent and matures in 10 years.
The five-building property, at 7711 Center St., was sold by its lender after the securitized debt backing it went into foreclosure. The debt, with a balance of $105 million, is securitized through ML-CFC Commercial Mortgage Trust, 2007-7. The interest-onl
95 percent leased
at 16672 Beach Blvd.
renovated in 2002