$21,700,000 | CIP Real Estate


Property: Cabot Business Park
Location: Hayward, CA
Description: Four building industrial park totaling 140,000 square feet on a 10.96-acre site bordered by Cabot Blvd. and Depot Road. The buildings are configured for multiple tenants with front office areas and the remainder of each space typically used as light industrial/warehouse. Built in 1986, the subject property offers 544 surface parking spaces, including 9 handicap spaces, providing a generous on-site parking ratio of 3.83 spaces per 1,000 rentable square feet.
Loan Type: Bridge Loan
Lender: National Bank

Client Benefits:

  • Non-recourse, 5-yr. loan with extension options
  • Interest only payments
  • Prepayment flexibility
  • Swapped loan rate at closing to fixed sub 3.0% rate