JLL Capital Markets arranged $130 million in first-lien financing for Sukut Real Properties’ 21-property industrial portfolio spanning 1.1 million square feet across four premier Southern California markets. Senior managing director Greg Brown, associate Allie Black and analyst Nick Englhard secured a five-year, fixed-rate loan through an insurance company.
The 98% occupied, industrial-focused portfolio features 17 industrial assets but also includes one self-storage facility, one industrial outdoor storage property, one medical property and one flex office/industrial building. The properties span San Diego, Orange and Los Angeles Counties and the Inland Empire, with construction dates between 1968 and 2016.
“Sukut Real Properties has assembled an exceptional collection of assets that benefit from irreplaceable locations, strong tenant relationships and significant mark-to-market opportunities,” said Brown. “The portfolio’s geographic and tenant diversification, combined with its proximity to major transportation infrastructure, positions it to capitalize on Southern California’s continued industrial demand growth driven by e-commerce, manufacturing and logistics operations.”
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