The transaction involves a refinance of an industrial asset encompassing three buildings within the Bridge Point AVE complex located at 5590 Northwest 145th Street, 14150 Northwest 56th Court, and 14250 Northwest 58th Avenue in Opa Locka. The total square footage of the site is 589,900 with a total area of 47 acres, and it was completed in 2021. This property is fully leased and forms part of a larger business center under a land lease with Miami-Dade County.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $77,600,000
• Lender: Jon Farney - State Farm Life Insurance Company
• Landlord: Kevin Carroll & Steve Poulos - Bridge Industrial
• Market: Opa Locka
• Loan Type: Refinance

Bridge Industrial secured the loan for refinancing its industrial complex, which is strategically located near Miami-Opa locka Executive Airport. The site is part of a broader business center encompassing 178 acres, highlighting the significance of the location for industrial operations.