Sacramento, CA

This loan is a first deed of trust on an industrial building in Sacramento, CA. As California's state capital and one of Northern California's largest metropolitan centers, Sacramento offers a diverse economy supported by government, healthcare, education, technology, construction, and logistics. The city benefits from an extensive transportation network, including Interstate 5, Interstate 80, U.S. Route 50, and State Route 99, providing convenient access throughout the Sacramento region and connections to the San Francisco Bay Area, Central Valley, and Sierra Nevada. The subject property, located at 5360 S. Watt Avenue, is a single-story, multi-tenant industrial building situated on approximately 40,120 square feet, or 0.92 acres. Originally constructed in 1994, the property contains approximately 9,600 square feet of gross building area and is classified as Class B construction. The building features eight individual suites designed to accommodate a variety of industrial and flex-space uses, including warehousing, storage, office, and work areas. Property amenities include multiple roll-up doors, finished office spaces, open warehouse areas, restrooms, HVAC, fire sprinklers, and electrical and security systems. The site also provides approximately 18 parking spaces, functional access, and connected utilities. The property is currently 87.5% occupied, with seven of its eight suites leased and one suite available. The existing tenants generate approximately $12,462 in monthly rental income, supporting the property's established income-producing use. The purpose of the loan is to refinance an existing SO-CAL Capital loan approaching maturity through a rate-and-term refinance with no additional cash out. The Borrower intends to sell the property to a current tenant and use the sale proceeds to repay the loan before maturity. The Borrower is a trust, with the Trustee serving as an experienced real estate investor and repeat SO-CAL Capital borrower with a positive three-year payment history. The Trustee owns additional real estate holdings, including an unencumbered industrial property valued at approximately $1.6 million, and has a FICO score of 807. The loan will have a maturity of 24 months.