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.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
