403 S. Raymond Avenue

Location: Pasadena, CA
Type: Mixed Use
Price: $12,850,000

SMC provided a $12,850,000, ten-year fixed rate loan on a mixed-use (office/self-storage) property located in Pasadena, CA. The collateral consists of two (2) buildings totaling 86,853 SF built in 1918 and renovated in 2015. The subject features 53,930 sf of office space and 32,923 sf of self-storage space (37.9%), which is spread across 244 conventional storage units and 521 wine storage units.