Northmarq’s Los Angeles office completes $10.5 million in financing for acquisition of Wilbur Parthenia Industrial Park in Northridge, California

LOS ANGELES, CALIFORNIA (March 2, 2022) – Zalmi Klyne, senior vice president of Northmarq’s Los Angeles office, secured $10.5 million in acquisition financing for Wilbur Parthenia Industrial Park. The three-building/86,765 sq. ft. industrial property built in 1980 is located at 8600-8610, 8626 Wilbur Avenue; 8629-8635 Crebs Avenue; and 18840-18850 Parthenia Street in Northridge, California. The permanent-fixed loan was structured with a 10-year term on a 30-year amortization schedule. Northmarq arranged financing for the borrower through its relationship with a commercial bank. 

The well-maintained industrial park is conveniently located close to the 405 and 118 Freeways and has newly installed rod-iron perimeter fencing as well as air conditioning.