Capital Access Group was pleased to assist 4Wholesale Corporation with $3.2 million in total project financing to purchase a 52,670 sq. ft. warehouse in the heart of Silicon Valley, located at 1813 South 10th Street, San Jose, CA.
4Wholesale Corp, a broker and wholesaler of computer peripherals, was founded in 2007 by husband-and-wife team Tuan (Tim) Tran and Nga Phan. The company sells its products to online retailers and big box stores located in the U.S., Canada, Mexico, and South America. The new warehouse will provide the company with the space it needs to increase its inventory and grow. The purchase will also allow 4Wholesale to stabilize its occupancy costs through long-term, fixed-rate financing and low monthly payments.
“4Wholesale Corp is a great example of a business that wanted to get control of its rent, and the best way to do that was to buy the building,” said Claudia Cohen, Senior Vice President, Capital Access Group. “4Wholesale’s 504 loan fixes occupancy costs, and now the business owners have a great asset. Plus, the additional space will allow 4Wholesale to grow and create even more jobs in the future.”