Trident Capital Partners provided $2.1 million for a light industrial facility in Mesa, AZ. The bridge loan, which carries a 12-month term and represents a 68% LTSV, financed the acquisition of the 15,000-square-foot property.

Located on a 0.75-acre site at 1121 S. Wilbur St. within Metro Phoenix’s Southeast Valley submarket, the asset comprises two 7,500-square-foot buildings divided into 10 individual suites. The property is fully stabilized and 100% occupied by a mix of tenants with a focus on automotive uses.

Colliers Patrick O’Donnell advised the borrowers, a pair of seasoned private real estate investors who acquired the site as part of a 1031 exchange, in the transaction. They intend to repay the Trident loan via permanent financing or a potential future sale of the property.

Vacancy for light industrial assets remains exceptionally low at 3%, while new supply is expected to decline by more than 50% in 2025, further supporting rent growth and asset value.