$22,450,000 | CIP Real Estate

fremont

Property: Fremont Business Center
Location: Fremont, CA
Description: Five, high-quality R&D buildings totaling 148,926 square-feet in Fremont, just north of the world-renowned Silicon Valley. The facilities offer a diverse range of suite sizes from 5,736 SF to 28,391 SF to capture a variety of tenant uses. The property encompasses a variety of desirable features including recent capital improvements, ample parking, quality tenants with staggered rollover at below market rents, and individually parceled buildings offering multiple addresses.
Loan Type: Bridge Acquisition Loan
Lender: National Bank

Client Benefits:

  • Met requirement for 45 day closing per the PSA
  • Non-recourse bank loan to minimize contingent obligations
  • Future funding for capital improvements and leasing costs to execute the business plan
  • Individual release provisions to maximize business plan flexibility