Nearon Secures $12.75M Refinancing of Newark Auto Plaza

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Nearon is excited to share the successful $12,750,000 refinancing of Newark Auto Plaza in Newark, California.

This 14.8-acre property includes 110,540 square feet across three auto dealerships, Fremont Ford, Winn KIA of Fremont, and Cruise America RV, along with a billboard parcel leased to Clear Channel. With premier I-880 frontage, the plaza combines visibility, strong tenancy, and long-term covered land optionality in one of the Bay Area’s most dynamic corridors.

The refinancing was secured by Farmers & Merchants Bank of Long Beach, and we are especially grateful to Phil Bond and Scott Lorenzini for their partnership. We also extend our thanks to Zachary Streit, J.D. M.S. and Katie Rodd of Priority Capital Advisory for their skillful arrangement and support in executing this transaction.