Bridge Industrial Secures $60.4 Million Refinance Loan From Barings For Torrance Industrial Property
20950 South Normandie Avenue
$60,400,000
$296/SF
Building Size
203,877 SF
Asset Type
Industrial
Closing
Jan 16, 2026
AI
The asset involved is an industrial property located at 20950 South Normandie Avenue in Torrance, California. This property encompasses 203,877 square feet and is part of the Torrance market. The transaction involves a refinance loan amounting to $60,400,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $60,400,000
- Lender: Barings
- Landlord: Steve Poulos - Bridge Industrial
- Previous Financing: $38.5 million note from National Life Insurance Co. and a $9.6 million loan from CrossHarbor Capital Partners
- Asset Certification: LEED Gold
- Clear Heights: 32 feet
- Dock-high Doors: 21
- Drive-in Doors: 2
- Office Space: Roughly 5%
- Proximity to City Center: Less than three miles
- Proximity to LAX: 12 miles
Bridge Industrial refinanced BridgePoint South Bay II with the new loan, taking advantage of favorable financing conditions while improving the property's financial structure. Steve Poulos represents Bridge Industrial in this transaction.
Players
Torrance Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93