Aasif Bade Of Ambrose Secures $18.12M Construction Loan For 6.25-Acre Development Site In Miami

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.