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1400 L And R Industrial Bou...

Robert Sekula & Gediminas Bulota Of North Park Ventures Acquire Industrial Asset In Tarpon Springs For $10.5M
SOLDIndustrial

Robert Sekula & Gediminas Bulota Of North Park Ventures Acquire Industrial Asset In Tarpon Springs For $10.5M

1400 L And R Industrial Boulevard

$10,500,000

$126/SF

Building Size

83,000 SF

Asset Type

Industrial

Closing

May 29, 2026

AI

The property asset involved in the transaction is an industrial asset located at 1400 L and R Industrial Boulevard in Tarpon Springs. The sale was executed for a price of $10,500,000, encompassing a total square footage of 83,000, which equates to a price per square foot of $126.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,500,000
  • Address: 1400 L and R Industrial Boulevard
  • Market: Tarpon Springs
  • Square Footage: 83,000
  • Price per Square Foot: $126
  • Buyer: Robert Sekula & Gediminas Bulota - North Park Ventures
  • Seller: Biscayne Atlantic
  • Date of Transaction: 05/29/2026

The deal was represented by Robert Sekula and Gediminas Bulota as the buyers from North Park Ventures while the seller was Biscayne Atlantic. Their participation in the transaction highlights a collaboration in the industrial property sector.

Players

Robert Sekula

North Park Ventures

Buyer

$141.9M

vol

8 deals

Buyer
NV
North Park VenturesBuyer
BA
Biscayne AtlanticSeller

Tarpon Springs 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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93