Updated Nov 4, 2026
LBA Realty Secures $133 Million Refinance From Wells Fargo For Dolphin Commerce Center In Sweetwater
11698 Northwest 25th Street
$133,000,000
$187/SF
Building Size
709,480 SF
Asset Type
Industrial
Closing
Nov 3, 2026
About this deal
AI
The transaction involves an industrial asset located at 11200 & 11698 Northwest 25th Street in Sweetwater, FL. The total asset covers 709,480 square feet and is situated on a 37-acre site. The loan amount secured for the property is $133 million, which is part of refinancing efforts to support the existing loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $133,000,000
- Address: 11200 & 11698 Northwest 25th Street
- Market: Sweetwater, FL
- Asset Size: 709,480 SF
- Acres: 37
- Lender: Wells Fargo
- Landlord: Phil Belling - LBA Realty
- Loan Type: Refinance
LBA Realty secured the refinancing from Wells Fargo, which increases the current loan amount by $83 million. The refinancing supports the five-warehouse complex that LBA acquired for $198 million in 2022.
On the Map
$133,000,000
$187/SF
Industrial
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Players
Sweetwater Lake 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93