Biscayne Atlantic Acquires Industrial Property In Tarpon Springs For $7.4M
1400 L and R Industrial Boulevard, Tarpon Springs, Florida 34689, United States
$7,400,000
$87/SF
Building Size
84,603 SF
Asset Type
Industrial
Closing
Feb 2, 2022
AI
1400 L and R Industrial Blvd in Tarpon Springs has been sold for $7,400,000. The industrial property has a total square footage of 84,603, resulting in a price per square foot of $87. The sale was completed on 02/03/2022. The property was purchased by Biscayne Atlantic from Mike Wool & Michelle Tuck. The transaction was facilitated by Donald Shapiro from Compass, FL LLC.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,400,000
- Address: 1400 L and R Industrial Blvd
- Market: Tarpon Springs
- Square Footage: 84,603
- Price per Square Foot: $87
- Buyer: Biscayne Atlantic
- Seller: Mike Wool & Michelle Tuck
- Broker: Donald Shapiro - Compass, FL LLC
The sale of 1400 L and R Industrial Blvd showcases the collaboration between Biscayne Atlantic, the buyer, and Mike Wool & Michelle Tuck, the seller. Donald Shapiro from Compass, FL LLC represented the buyer in the transaction. This successful sale demonstrates the strong demand for industrial properties in Tarpon Springs.
Players
Tarpon Springs Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93