**Trident Capital Partners Finances Light Industrial Acquisition in Mesa, AZ**
Trident Capital Partners has provided $2.1 million in bridge financing for the acquisition of a light industrial facility located in Mesa, Arizona. The loan, structured with a 12-month term and a 68% loan-to-stabilized-value (LTSV), supports the purchase of the 15,000-square-foot property.
Situated at 1121 S. Wilbur Street on a 0.75-acre parcel in Metro Phoenix’s Southeast Valley submarket, the property consists of two 7,500-square-foot buildings. Together, the buildings accommodate 10 individual suites and are fully leased to a diverse tenant mix, primarily in the automotive sector.
The acquisition was executed by a pair of experienced private real estate investors as part of a 1031 exchange. Patrick O’Donnell of Colliers advised the buyers in the transaction. The investors plan to either refinance the bridge loan with permanent financing or sell the asset in the future.
Mesa’s light industrial market remains tight, with vacancy rates at just 3%. Meanwhile, new construction is expected to drop by more than 50% in 2025, creating favorable conditions for continued rent growth and asset appreciation.
