Updated Oct 28, 2024
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
About this deal
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
Tampa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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