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11316 North 46th Street, Ta...

Richard Previdi Acquires Industrial Property In Tampa For $32M
SOLDIndustrial

Richard Previdi Acquires Industrial Property In Tampa For $32M

11316 North 46th Street, Tampa, FL, USA

$32,000,000

$84/SF

Building Size

381,000 SF

Asset Type

Industrial

Closing

Sep 1, 2021

AI

An industrial property located at 11316 N 46th Street in Tampa has been sold for a price of $32,000,000. The property spans 381,000 square feet, resulting in a price per square foot of $84. The transaction took place on September 1, 2021. The buyer, Richard Previdi of Alliance Partners HP, acquired the property from the seller, The Federated Companies. Roberto Susi from Axiom Capital Advisors represented both parties as the broker in this deal.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $32,000,000
  • Address: 11316 N 46th Street, Tampa
  • Market: Tampa
  • Square Footage: 381,000
  • Price per Square Foot: $84

Richard Previdi, representing Alliance Partners HP, acted as the buyer in this transaction. Roberto Susi, from Axiom Capital Advisors, served as the broker for both the buyer and the seller, The Federated Companies. The deal was finalized on September 1, 2021, with a total sale price of $32,000,000. The industrial property, located at 11316 N 46th Street in Tampa, spans 381,000 square feet, resulting in a price per square foot of $84.

Players

Roberto Susi

AXIOM Capital Advisors

Broker

$981.7M

vol

76 deals

Broker
AP
Alliance PartnersBuyer
H
HPBuyer
TC
The Federated CompaniesSeller

Tampa Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93