Industrial (Single Tenant) – Acquisition

Gardena, CA

$1,125,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis by the tenant to purchase this manufacturing facility to help grow their operation with greater efficiency.

Property Description

The property is an industrial, single-tenant building built in 1979 totaling 18,000 SqFt. It’s located in Gardena near a lot of clients. It’s a manufacturing facility of baked goods.

Sponsors

The sponsor is the owner-user of the site. With over 35 years of successful business operations in the baking industry, the sponsor has strong financials.

Challenges

  • The sponsor was looking for maximum leverage of owner-user financing.

Solutions

  • Funding secured with a national bank that provided high leverage SBA Financing.

Funding

  • Loan to Value: 90%
  • Interest Rate: 3.9%
  • Amortization: 25 years
  • Term: 15 years
  • Recourse: Non-recourse
  • Prepayment: Step-down

Co-Founder  | President | Capital Markets Group

213-268-4006

sstein@taurocapitaladvisors.com