Private Investor Acquires Industrial Property Park 6 In Tampa For $15.8M

The asset involved in the transaction is Park 6, a flex industrial property located at 11902 Race Track Rd, Tampa, FL, 33626. The facility encompasses 184,500 square feet and was sold for $15,800,000. It is situated on nearly 25 acres in the Tampa market and features both office and light industrial space. The property includes grade-level and dock-high loading doors, and the buildings have clear heights ranging from 12 to 14 feet. At the time of sale, Park 6 was 93 percent occupied and had been recently renovated.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,800,000
• Buyer: Private Investor
• Seller's Representative: Robyn Hurrell, Ryan Vaught - Colliers International
• Financing Provider: Aegon
• Acquisition Loan Amount: $10,300,000
• Location: 11902 Race Track Rd, Tampa, FL, 33626
• Market: Tampa
• Size: 184,500 SF

Colliers International Tampa Bay represented the seller in this transaction. Executive Managing Director Ryan Vaught and Director Robyn Hurrell were involved in representing the seller, while Executive Managing Director Nathan Lynch from the brokerage's Debt & Equity team secured the financing for the buyer. This transaction is part of a broader strategy by Birtcher Anderson, as Park 6 was previously part of a larger asset acquisition aimed at operational efficiencies.