Drew DeWitt & David Archibald Of East Capital Partners Secure $23.15M Loan In Tampa
Pioneer Park Boulevard
$23,145,000
$134/SF
Building Size
172,139 SF
Asset Type
Industrial
Closing
Jul 13, 2026
AI
The property asset involved in this transaction is an industrial facility located at 5501-5519 Pioneer Park Blvd & 9704 Solar Drive in the Tampa market, encompassing a total square footage of 169,055. The loan amount secured for this acquisition is $23,145,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,145,000
- Address: 5501-5519 Pioneer Park Blvd & 9704 Solar Drive
- Market: Tampa
- Asset Size: 169,055 SF
- Landlords: Drew DeWitt & David Archibald - East Capital Partners
- Brokers: Melissa Rose & Aaliyah St. Louis - JLL
This transaction includes key individuals such as Drew DeWitt and David Archibald, representing East Capital Partners as landlords, while Melissa Rose and Aaliyah St. Louis from JLL served as brokers facilitating the deal.
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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93