LOS ANGELES - TelAve -- 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.

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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."

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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.