Updated Nov 18, 2025
Bridge Industrial Secures $413M Loan For Logistics Park In Tacoma, WA
5024 South Madison Street
$413,000,000
$166/SF
Building Size
2,480,000 SF
Asset Type
Industrial
Closing
Mar 18, 2024
About this deal
AI
The industrial property located at 5024 South Madison Street in Tacoma, WA, spans 2,480,000 square feet. Bridge Industrial is the landlord of this asset. Bank OZK and Mesa West Capital, along with Morgan Stanley Real Estate, provided the loan for this property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $413,000,000
- Lender: Bank OZK, Mesa West Capital, Morgan Stanley Real Estate
- Landlord: Bridge Industrial
- Broker: James Muhlfeld - Eastdil Secured
Bridge Industrial secured a $413 million debt package for the construction of a logistics park in Tacoma, Wash. The first-mortgage construction loan of $263 million for the Bridge Point Tacoma project was provided by Bank OZK. James Muhlfeld from Eastdil Secured represented the deal as the broker.
Players
Tacoma 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93