Updated Nov 28, 2024
Prologis Inc Acquires Industrial Property In St. Petersburg, Tampa & Brandon For $60.82M
1551 102nd Avenue North, St. Petersburg, Florida 33716, United States
$60,820,000
$30/SF
Building Size
2,000,000 SF
Asset Type
Industrial
Closing
Jan 26, 2022
About this deal
AI
An industrial property located at 1551 102nd Ave. N, 5402 Pioneer Park Blvd, 5690-5698 W Crenshaw St & 9700 Ware Blvd in St. Petersburg, Tampa & Brandon has been sold. The property spans approximately 2,000,000 square feet and was sold for a total price of $60,820,000. The price per square foot is calculated to be $30.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $60,820,000
The seller of the property is Prologis Inc, represented by Hamid Moghadam.
The industrial sale at 1551 102nd Avenue North, St. Petersburg, Florida 33716, United States in Saint Petersburg, Florida sold for $60.8M in 2022. The building is 2,000,000 square feet, implying about 30 per square foot on the published price. Hamid Moghadam, Prologis appear on the sale alongside Prologis. This page is the Saint Petersburg, Florida file for the 1551 102nd Avenue North, St. Petersburg, Florida 33716, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Saint Petersburg sit in the Market section below. Filter that Saint Petersburg industrial set by closing date to see what else sold near 1551 102nd Avenue North, St. Petersburg, Florida 33716, United States around 2022. Published consideration for 1551 102nd Avenue North, St. Petersburg, Florida 33716, United States is $60.8M, dated 2022. Cite this Prologis Inc Acquires Industrial Property In St. Petersburg, Tampa & Brandon For $60.82M sale when underwriting similar industrial product around Saint Petersburg, Florida.
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Saint Petersburg 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93