Mark Sabbagh & Michael Sabbagh Acquire Industrial Portfolio In Tampa & Sarasota For $6.8M

An industrial portfolio in Tampa and Sarasota has been sold for a total price of $6,800,000. The portfolio consists of two properties located at 1865 Massaro Blvd and 1926 72nd Dr E, with a combined square footage of 61,000. The sale price per square foot is $111, indicating a lucrative deal for the buyer.

Summary of transaction details

• Property Type: Industrial Portfolio
• Transaction Amount: $6,800,000
• Address: 1865 Massaro Blvd & 1926 72nd Dr E
• Market: Tampa & Sarasota
• Tenants: Sunbelt Rentals & Suncoast Roofers

The buyer of the industrial portfolio is Mark Sabbagh & Michael Sabbagh, represented by Ultimate Realty. The seller is Ward Properties. The deal was facilitated by brokers David Warren & Marc Smouha from KSR. The presence of notable tenants like Sunbelt Rentals and Suncoast Roofers likely contributed to the lucrative sale.