Northmarq’s Newport Beach office arranges $31.644M acquisition of 5001 E La Palma

5001 E La Palma
industrial building

ANAHEIM, Calif. — Northmarq’s Scott Botsford and Joe Giordani of the Newport Beach Debt + Equity team secured $31.644 million in acquisition financing for a 149,455-square-foot vacant industrial building located in Anaheim, California

Northmarq arranged the acquisition financing on behalf of 3 Industrial, a newly formed, privately held real estate development and investment firm focused on industrial assets in the Western United States.

The bridge loan will facilitate the acquisition, property improvements, and tenant improvement and leasing commission (TILC) costs to re-tenant the building.

“We’re excited to be a part of 3 Industrial’s first acquisition,” said Botsford. “Our experience in the debt fund space and strong lender relationships helped us navigate market volatility due to tariff news and deliver on the executed term sheet.”  

The building, formerly a manufacturing headquarters, was delivered vacant at closing. It is considered an institutional-quality asset due to its premier location, excess land, heavy power, freeway access, and proximity to a deep labor market.  

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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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