Trending...
- Pacific Harbor Line's Cliatt II Receives Black History Month Trailblazer of the Century Award - 135
- Transcure Responds to CMS Removal of 285 Inpatient-Only Procedures - 123
- JiT Home Buyers Strengthens Multi-State Presence as Demand for Flexible Home Selling Solutions Grows - 117
The financing marked Mesa West's final loan of 2025, capping a year in which the Los Angeles-based private lender saw a notable surge in transaction activity at end of the year with origination volume surpassing $550 million in the fourth quarter
LOS ANGELES - Californer -- Mesa West Capital has provided Lift Partners with $26.9 million in first mortgage debt for the sale leaseback of 100 Utah Avenue, a 117,500-square-foot industrial building in South San Francisco.
"We remain focused on financing high‑quality institutional assets -- particularly industrial and multifamily -- in strong submarkets for experienced, well‑capitalized borrowers," said Principal Steve Fried, who leads Mesa West's national origination platform. "We expect this momentum to carry into 2026, as we've already seen an exceptional level of deal flow since the start of the year."
The 4.35-acre property built in 1950 features a 24'5" clear height, eight dock level doors, four grade level doors and parking for 20 cars.
More on The Californer
The South San Francisco submarket is one of the region's most strategically important industrial hubs given its location to major transportation corridors including San Francisco International Airport and US Highway 101. It's proximity to innovation clusters and a skilled labor pool also attract ongoing tenant interest. Land suitable for industrial development in the market is in short supply resulting in limited inventory for large buildings available for lease. According to CBRE, the San Francisco industrial market has seen no new deliveries since 2020.
"We believe South San Francisco's combination of supply constraints, high barrier to entry, and sustained tenant interest in the area's unique locational advantages supports continued investment and asset performance," said Josh Westerberg, Head of Mesa West Capital's West Region, who led the origination team out of Los Angeles along with JJ McMahon. "As the broader San Francisco market recovers, South San Francisco is well positioned to benefit from renewed leasing activity and ongoing demand for industrial space within the larger market."
More on The Californer
About Mesa West Capital, LLC
Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender. With offices in Los Angeles, New York, Chicago, San Francisco, and Houston, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add and transitional properties throughout the United States. Mesa West's lending portfolio includes all major property types with loan sizes ranging from $20 million up to $400 million. Since inception, the firm has sourced and closed more than 450 transactions totaling over $28 billion.
"We remain focused on financing high‑quality institutional assets -- particularly industrial and multifamily -- in strong submarkets for experienced, well‑capitalized borrowers," said Principal Steve Fried, who leads Mesa West's national origination platform. "We expect this momentum to carry into 2026, as we've already seen an exceptional level of deal flow since the start of the year."
The 4.35-acre property built in 1950 features a 24'5" clear height, eight dock level doors, four grade level doors and parking for 20 cars.
More on The Californer
- JiT Home Buyers Provides Guidance for Families Navigating Inherited Homes Nationwide
- New Travel Guide: "Four Adventure-Packed Days in Lausanne, Switzerland
- Progressive Dental & The Closing Institute Partner with Zest Dental Solutions to Elevate Full-Arch Growth and Patient Outcomes
- SBRPA To File Legal Challenge To Halt Temporary Santa Barbara Rent Freeze Ordinance
- Long Beach Health Department Expands Fentanyl Test Kit Program to Include Mail-Based Delivery
The South San Francisco submarket is one of the region's most strategically important industrial hubs given its location to major transportation corridors including San Francisco International Airport and US Highway 101. It's proximity to innovation clusters and a skilled labor pool also attract ongoing tenant interest. Land suitable for industrial development in the market is in short supply resulting in limited inventory for large buildings available for lease. According to CBRE, the San Francisco industrial market has seen no new deliveries since 2020.
"We believe South San Francisco's combination of supply constraints, high barrier to entry, and sustained tenant interest in the area's unique locational advantages supports continued investment and asset performance," said Josh Westerberg, Head of Mesa West Capital's West Region, who led the origination team out of Los Angeles along with JJ McMahon. "As the broader San Francisco market recovers, South San Francisco is well positioned to benefit from renewed leasing activity and ongoing demand for industrial space within the larger market."
More on The Californer
- SEEAG Gets Go-Ahead To Create New 3.63-Acre Educational Farm in Oxnard
- California: Governor Newsom announces appointments 3.3.2026
- Why Modera is Uniquely Qualified to Serve Emerging Healthcare Models
- Governor Newsom, First Partner Siebel Newsom announce new inductees to the California Hall of Fame
- Spring Surge in 55+ Communities: What Buyers and Sellers Need to Know in 2026
About Mesa West Capital, LLC
Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender. With offices in Los Angeles, New York, Chicago, San Francisco, and Houston, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add and transitional properties throughout the United States. Mesa West's lending portfolio includes all major property types with loan sizes ranging from $20 million up to $400 million. Since inception, the firm has sourced and closed more than 450 transactions totaling over $28 billion.
Source: Mesa West Capital
Filed Under: Real Estate
0 Comments
Latest on The Californer
- Tobu Group's "T-home Series" of Accommodations in Tokyo Just Opened "T-home KEI."
- 2026 Gift Guide: Bracelet Gifts for Her That Feel Truly Luxurious
- Custom Wooden Token Manufacturer Celebrates 10 Years of Helping Brands Stay Top of Mind
- NaturismRE Launches the NRE Health Institute to Advance Evidence-Informed Public Health Research
- BKT to Supply Integrated Treatment Technologies for Major Wastewater Modernization Project in Busan
- Justplug Announces Expanded Focus: Resilient Energy Strategies for Rural Homes, Ranches, Properties
- IMPACT LA Now Accepting Applications For Free Summer Meal Program
- P-Wave Classics to publish Robert Bage's Hermsprong in three volumes, beginning 12 May
- Progressive Dental & The Closing Institute Partner with Zest Dental Solutions to Elevate Full-Arch Growth and Patient Outcomes
- CCHR: While Damaging Antipsychotics Win Approval, Proven Non-Drug Alternatives Remain Ignored
- From Orientation to IEP Meetings: How AI Is Helping Schools Build Stronger Communities
- Arcuri Group Announces Long‑Term Partnership with WakeMed Health & Hospitals to Deliver Situational Awareness and De‑escalation Training
- California: As Trump tears apart decades of environmental progress, Governor Newsom restores nearly 300,000 acres of habitat and cuts average permitting time to 42 days
- New Rock Music Release "Groove Train"
- JiT Home Buyers Announces Standardized Nationwide Operating Model to Strengthen Homeowner Experience
- Life Hacks of the Rich and Famous named "Best Self Help Podcast"
- Seth Neblett's Mothership Connected: Focuses on P-Funk's Women as Mothership Celebrates 50 Years
- Passive Appoints Ana Bolčević as Head of Design
- At 25, She Became One of the Youngest AAPI Female Founders to Win One of the World's Most Prestigious Design Awards for a Lamp That Makes You Smile
- Sunnyvale Family and Cosmetic Dentistry Highlights Community Access to Advanced Laser Dentistry