RAILROAD HANDEL IN CITY OF INDUSTRY RECEIVES $3.3M MORTGAGE

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CITY OF INDUSTRY, CALIF. — Railroad Handel, a 76,180-square-foot industrial building in the City of Industry, has received $3.3 million in first-mortgage refinancing. The facility is located at 18451-18467 Railroad Street. It is 80 percent leased. The 10-year loan features a 25-year amortization schedule. Financing was arranged by Michael Elmore of NorthMarq Capital’s Los Angeles office through the firm’s relationship with a national bank.

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