Aasif Bade Of Ambrose Secures $18.12M Construction Loan For 6.25-Acre Development Site In Miami
11375 Southwest 105th Avenue
$18,120,000
Building Size
—
Asset Type
Development Site
Closing
Jan 9, 2026
AI
Ambrose has secured an $18.12 million construction loan from First Internet Bank of Indiana for a development site located at 11375 Southwest 105th Avenue, Miami. This project encompasses a 97,000-square-foot industrial facility on a 6.25-acre site, which was acquired for $15.35 million in July 2025.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $18,120,000
- Address: 11375 Southwest 105th Avenue
- Market: Miami
- Asset Size: 6.25 acres
- Lender: First Internet Bank of Indiana
- Landlord: Aasif Bade - Ambrose
- Loan Type: Construction
- Delivery Date: Q3 2026
- Leasing Agent: Cushman & Wakefield
- Warehouse Vacancy Rate: 9.1%
- Site Value During Acquisition: $15,350,000
Aasif Bade represents Ambrose in this transaction. The Miami 105 Logistics at Flagler Station project features a 32-foot clear height and includes 85 parking spaces along with 33 docks, aiming for operational status by the third quarter of 2026.
Players
Miami Development Site Market Snapshot
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Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93