facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Industrial

/

Loan

/

11902 Race Track Rd, Tampa,...

Updated Aug 31, 2025

Aegon Real Assets U.S Provides $10.3M Acquisition Loan For Park 6 In Tampa
FINANCEDIndustrial

Aegon Real Assets U.S Provides $10.3M Acquisition Loan For Park 6 In Tampa

11902 Race Track Rd, Tampa, FL, 33626

$10,300,000

Building Size

—

Asset Type

Industrial

Closing

Oct 14, 2019

About this deal

AI

Park 6, a six-building, 184,500-square-foot flex industrial property located at 11902 Race Track Rd, Tampa, FL, 33626, was sold to a private investor for $15.8 million. Aegon Real Assets U.S provided the new owner with a $10.3 million acquisition loan for the property which was formerly part of the Tri-County Business Park purchased by Birtcher Anderson for $40.4 million in December 2017. The asset was strategically divided into two smaller properties by Birtcher Anderson to enhance operational efficiencies.

Summary of transaction details:

In the deal, Colliers International Tampa Bay represented the seller and also secured the acquisition financing for the buyer. The seller was represented by Executive Managing Director Ryan Vaught and Director Robyn Hurrell. On the buyer's side, Executive Managing Director Nathan Lynch from Colliers International's Debt & Equity team played a key role in finalizing the financing for the acquisition.

On the Map

Open live map

$10,300,000

Industrial

View full map

Players

Nathan Lynch

Colliers

Broker

$65.5M

vol

3 deals

Broker
Aegon USA Realty Advisors
Aegon USA Realty AdvisorsLender
Bilt advertisement

Tampa Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Deal FAQ

Visit Nathan Lynch to view all their deals.

Browse Florida industrial loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets