Mesa West Funds $88M Industrial Buy in Riverside

Mesa West Capital has provided an $87.8 million loan to Dedeaux Properties for the acquisition and lease-up of a new construction 1 million-square-foot industrial property in Riverside. The loan is a five-year, floating rate debt package.

Dedeaux purchased the property earlier this month. The asset sits on 52-acres of land and features 147 dock-high doors, a 710-foot building depth, 185-foot secured concrete truck courts, and a 36-foot clear height.

The property was delivered vacant, but Dedeaux plans to lease the building to a single user on a long-term basis.