PODS Moving & Storage Leases Industrial Space In Pinellas Park & Tampa, FL
LEASED
California
See Similar DealsIndustrial308,000 SF
Leased 05/16/2024
LEASED
PODS Moving & Storage Leases Industrial Space In Pinellas Park & Tampa, FL
3705 62nd Street North & 1871 Massaro Boulevard
See Similar DealsIndustrial308,000 SF
Leased 05/16/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:308,000 SF
Transaction Type:Lease
The property involved in the transaction is an industrial asset located at 3705 62nd Street North in Pinellas Park, FL, and 1871 Massaro Boulevard in Tampa, Florida. The property spans 154,000 square feet and was leased by PODS Moving & Storage.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Provided
- Landlord: Ultimate Realty - Michael Sabbagh & Mark Sabbagh
- Tenant: PODS Moving & Storage
- Landlord's Rep: Jessica Mizrahi - Cushman & Wakefield
- Tenant's Rep: Alex Beachman - Cushman & Wakefield
The deal was facilitated by Alex Beachman of Cushman & Wakefield acting as the tenant's representative and Jessica Mizrahi, also from Cushman & Wakefield, representing the landlord. Both parties successfully negotiated the lease agreement for the industrial property in Pinellas Park and Tampa, signifying a collaborative effort in finalizing the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$17,654,374.14
Total Lease Value
$176,543,741.40
Net Landlord Cash Flow$17,654,374.14
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