AGS Properties Acquires Industrial Property In Gibsonton For $55M
13010 Bay Industrial Dr, Gibsonton, Florida 33534, United States
$55,000,000
$491/SF
Building Size
112,000 SF
Asset Type
Industrial
Closing
Apr 4, 2022
AI
An industrial property located at 13010 Bay Industrial Drive in Gibsonton has been sold in a recent transaction. The property spans approximately 112,000 square feet and was sold for a price of $55,000,000, resulting in a price per square foot of $491. The buyer of the property is AGS Properties, while the seller is Duke Realty Corp.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $55,000,000
- Address: 13010 Bay Industrial Drive
- Market: Gibsonton
- Buyer: AGS Properties
- Seller: Duke Realty Corp
The deal was facilitated by the real estate brokerage firm Cushman & Wakefield, with the following brokers involved: Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Zachary Eicholtz, and Kayla Hankins.
Players
Gibsonton 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93