Thorofare Capital has funded a $3,750,000 acquisition loan at 65% LTC for a Sacramento-based, privately-held real estate investment firm to acquire The Affymetrix Facility, a vacant 164,330 square foot high-tech property located in West Sacramento, California.

The property includes class 1,000 and 10,000 clean rooms, R&D/assembly space, office and conditioned warehouse space. The property can accommodate one to three potential occupants (divisible to 53,726 square feet) depending on their desired space configuration.

Completed in 1999 and 2007, the property exhibits high quality interior and exterior improvements. Affymetrix, a global manufacturer of microchips and other high-tech hardware, developed the property for a reported replacement cost of more than $40,000,000. The sponsor captured the opportunity to capitalize on a highly discounted purchase price and required a lender that can recognize the fundamental value this unique property offers to certain tenants that necessitate a centrally-located, high-tech manufacturing facility fully equipped and in superb condition for immediate occupancy.

Thorofare’s ability to move rapidly towards a closing, provide a very flexible pre-payment structure, and tolerance for minimal reserves allows the sponsorship to amplify its business plan for a short-term horizon and potential imminent resale of the property to and owner-user without obstacles. The experienced sponsor owns and self-manages over four million square feet of retail, industrial, office and land assets throughout greater Sacramento.