BridgeInvest Closes $29.0 MM Industrial Construction Loan in Phoenix, AZ
1st Priority Mortgage Loan
Loan Amount
$29,000,000
Property Type
Industrial
Location
Phoenix, AZ
BridgeInvest is excited to announce the recent closing of a $29.0 million loan that will finance the ground-up development of a four-building, 182,000 SF industrial facility in the West Valley submarket of Phoenix, AZ. Each building will be approximately 45,000 SF and feature 30-foot clear heights, 6 dock-high doors, 3 drive-in doors, and approximately 29 car parking spaces.
Transaction Highlights:
- Spec industrial construction
- 182,610 SF across four buildings on an 11.65-acre site
- Experienced sponsorship and national general contractor
