Chosen Industries Leases 60,000 Square Feet Industrial Space To Lithium Battery Company Intl In Tampa
5201 South West Shore Boulevard
$10
$10/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Nov 17, 2024
AI
The property involved in this transaction is located at 5201 South West Shore Boulevard in Tampa and categorized as industrial. It has a total square footage of 60,000 and is under a single net lease for a term of 7 years, with an asking rent of $10 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10/ft
- Address: 5201 South West Shore Boulevard
- Market: Tampa
- Asset Type: Industrial
- Landlord: Chosen Industries
- Tenant: Lithium Battery Company Intl.
- Lease Term: 7 Year Term
- Lease Type: Single Net Lease
- Brokers: Phil Costa & Tyler Maxwell - Monopoly Group Real Estate
Phil Costa and Tyler Maxwell from Monopoly Group Real Estate represented the tenant, Lithium Battery Company Intl. Their firm specializes in industrial brokerage in Tampa and is known for their effective tenant representation and success in executing off-market deals within the competitive Florida landscape.
Players
Tampa Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1586300.00%
Cash-on-Cash
-453369.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93