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20950 South Normandie Avenue

Bridge Industrial Secures $60.4 Million Refinance Loan From Barings For Torrance Industrial Property
FINANCEDIndustrial

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

Barings
BaringsLender

Steve Poulos

Bridge Industrial

Landlord

$2B

vol

26 deals

Landlord

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