Edison Highway 1 Edison Highway 2
Situation/Challenges
  • Class B food-grade distribution warehouse building
  • 26.5% occupied
  • TI/LC facility needed to address vacancy issues and bring property to stabilization
  • Cap-Ex facility needed for renovations and repairs to property as well as upgrades to infrastructure
Solutions/Highlights
  • Structured future facilities totaling over $2 million
  • Sponsor is local and owns a number of industrial assets in the market
  • Property has an advantageous location on the "port side" of the harbor, which allows tenants easy access to port operations
  • Non-recourse
  • 3-year term plus extensions