Updated Feb 5, 2025
BlackRock Provides $26.3M Loan For Tampa Industrial Property
5402 Breckenridge Parkway, Tampa, FL, USA & 5402 Breckenridge Parkway, Tampa, FL, USA
$26,250,000
$39/SF
Building Size
334,000 SF
Asset Type
Industrial
Closing
Sep 21, 2020
About this deal
AI
The industrial property located at 5402-5460 Breckenridge Parkway in Tampa was recently involved in a closed transaction. The property spans a total square footage of 334,279 and is owned by The Arden Group & Avistone. The transaction was facilitated by Jillian Mariutti and Brian Gaswirth of JLL, who represented the interests of the landlord in the deal. The loan for this transaction was provided by BlackRock, amounting to a total of $26,250,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,250,000
- Square Footage: 334,279
- Address: 5402-5460 Breckenridge Parkway, Tampa
- Market: Tampa
- Lender: BlackRock
- Landlord: The Arden Group & Avistone
- Brokers: Jillian Mariutti, Brian Gaswirth - JLL
The involvement of Jillian Mariutti and Brian Gaswirth of JLL highlights the crucial role played by these brokers in the transaction. With their expertise and representation, they ensured a successful deal was reached between the parties involved. The loan provided by BlackRock further enabled the completion of this transaction, securing the necessary funds for the deal.
On the Map
$26,250,000
$39/SF
Industrial
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Players
Tampa Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93