Ultimate Realty Acquires Tampa Industrial Portfolio For $16.7M
1871 Massaro Blvd
$16,725,000
$109/SF
Building Size
153,000 SF
Asset Type
Industrial
Closing
Dec 27, 2022
AI
An industrial portfolio located at 1871 Massaro Blvd, 1875 Massaro Blvd, and 3705 62nd Ave N in Tampa, FL has been sold for a total of $16,725,000. The portfolio consists of properties with a total square footage of 153,000, resulting in a price per square foot of $109.
Summary of transaction details
- Property Type: Industrial Portfolio
- Transaction Amount: $16,725,000
- Address: 1871 Massaro Blvd, 1875 Massaro Blvd, 3705 62nd Ave N
- Market: Tampa, FL
Ultimate Realty, represented by Mark Sabbagh and Michael Sabbagh, has acquired the industrial portfolio from Tony Ward. The sale was facilitated by brokers David Warren and Marc Smouha from KSR. It is worth noting that this transaction was signed and closed in under 45 days.
For further inquiries or similar opportunities, you may contact Marc Smouha at [email protected] or David Warren at [email protected].
Players
Tampa 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93