Property Secure Acquisition Loan for Santa Ana Industrial Property | MMCC

Marcus & Millichap Capital Corporation (MMCC) arranged a $6,466,500 loan for the acquisition of an industrial property located at 1820 S. Santa Fe St in Santa Ana. Richard Knorr, First Vice President of Capital Markets based out of MMCC’s Inland Empire office secured the financing with a national bank offering an attractive 6.14% interest rate and 25-year self-liquidating term.
The 19,152 square foot property is conveniently situated near the Costa Mesa Freeway and adjacent to several retail shops as well as other major highways providing easy access to Orange County’s greater area. The investment sales agents responsible for arranging this sale were Senior Vice President Drew Wetherholt and Associate Colin Wu from Marcus & Millichap’s team .
Knorr commented “We are pleased that we could secure such favorable terms on this recently renovated asset.”