COSTA MESA DISTRIBUTION BUILDING RECEIVES $17.7M IN FIRST-LIEN FINANCING

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COSTA MESA, CALIF. — A 112,296-square-foot, single-tenant distribution center in Costa Mesa has received $17.7 million in first-lien financing. The building is located at 1650 Sunflower Ave. It was renovated in 2008 and is fully leased to Federal Express Corporation. The 10-year, 4.65 percent fixed-rate loan was arranged by HFF’s John Chun on behalf of Daymark Realty Advisors through Allstate Investments, LLC.

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