$8M Bank Loan on a Placentia Industrial Building

City National Bank has now written three loans against 711 Fee Ana Street across eighteen years, each roughly double the last: $2,300,000 in 2008, $3,900,000 in 2015, and $8,000,000 executed April 6, 2026 and recorded April 13. The stepped sequence on a single 32,065 square foot Placentia industrial building tracks the entire arc of Southern California industrial values since the financial crisis.

The building, on 1.6 acres of manufacturing zoned land in the Placentia and Yorba Linda submarket, was built in 1977 and spent decades as an owner user facility for KCA Electronics, a printed circuit board manufacturer whose Placentia division operated here before the company was acquired and consolidated to Anaheim. The current occupant is Hunter Landscape Inc, a commercial landscaping firm with more than forty years in business that lists the address as its office on its own site. The last recorded arms length sale is from 2004, at $2,245,000.

The 2026 loan introduces a new name to the title: the borrower of record is Real Energy Holdings LLC, an entity that could not be verified in state records this cycle, with the official search portals unreachable and no aggregator record found; that gap is reported as a gap. The loan's purpose is likewise not stated in the record, and no 2026 deed was located, so nothing is asserted about a sale.

The earlier chain is classic owner user financing: private and bank mortgages in 1984 and 1994, a CDC Small Business Finance SBA style instrument in 1994, Pacific Union Bank in 2001, and Pacific Capital Bank in 2004. Every recorded lender for forty years has been a relationship institution, and City National, a Royal Bank of Canada subsidiary whose published program covers industrial among its core property types with Orange County among its named markets, has been the constant since 2008.

Within the tracked Orange County record the loan ranks 8th of 25, in an extraordinary cluster: three other county industrial closings recorded within weeks at $8,000,000, $8,000,000, and $8,005,500, from Preferred Bank, CMFG Life Insurance Company, and California Bank of Commerce. Four lenders, four properties, effectively one price point. For owners of mid size North Orange County industrial buildings, that cluster is the clearest read of the market's current center of gravity anywhere in this database.