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PSRS Arranges $5M Refinancing for Industrial Property in Alhambra, California
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PSRS Arranges $5M Refinancing for Industrial Property in Alhambra, California
ALHAMBRA, CALIF. — PSRS has arranged $5 million in refinancing for an industrial property in Alhambra. Built in 1980, the 106,266-square-foot bulk warehouse building features a clear height of 25 feet, a showroom area and small office build-out. Additionally, the asset includes 198 surface parking spaces. Michael Tanner and David Sarnoff of PSRS secured the nonrecourse loan, which was structured with an interest-only term, through one of PSRS’ c…
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