Northmarq’s Newport Beach office arranges $15M refinancing of Cinderella Business Park in Auburn, WA

AUBURN, Wash.  — Scott Botsford and Joe Giordani of Northmarq’s Newport Beach Debt + Equity team successfully secured $15 million in refinancing for Cinderella Business Park, a six-building, 143,420-sq.-ft. multi-tenant industrial park at 3210-3220 & 3402-3434 C St. NE in Auburn, Washington.

“We’re pleased to announce another successful closing with one of our correspondent life company lending partners, securing long-term, fixed-rate financing tailored to our client’s investment goals,” Botsford said.  “Despite closing delays, our strong lender relationship was pivotal in extending both the rate lock and the loan closing — demonstrating the value of trusted partnerships in today’s challenging market.”

Built between 1969 and 1980, this business park occupies 9.76 acres of M2-zoned heavy industrial land, surrounded by a variety of industrial properties. Its strategic location offers convenient access to Seattle, Tacoma, and Eastside markets, with close proximity to Sea-Tac International Airport, facilitating efficient service to customers across the region.