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
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