**MMCC Secures $12.8M Loan for El Cajon Industrial Property**
Marcus & Millichap Capital Corporation (MMCC) has arranged $12,825,000 in financing for the acquisition of a 109,367-square-foot industrial property located at 1111 Pioneer Way in El Cajon, California.
Kevin Elliott, senior director in MMCC’s Orange County office, secured the seven-year loan on behalf of a private client through a local credit union. The financing terms include a 5.54% interest rate, a 30-year amortization schedule, and a 65% loan-to-value ratio.
The property features a state-of-the-art manufacturing and distribution facility equipped with 11 loading docks, six grade-level doors, and nearly 19,000 square feet of newly constructed office space. It is fully leased to one of the largest full-service electrical providers in the region.
“Industrial demand across the San Diego MSA remains strong, driven by limited supply and continued tenant interest in functional distribution space,” said Elliott. “The property offers investors a strategic opportunity to reposition a sizable, modern facility in a land-constrained market.”
