Ultimate Realty Acquires Industrial Portfolio In Tampa, FL For $16.7M
1871 Massaro Boulevard, Tampa, Florida 33619, United States
$16,725,000
$109,313/SF
Building Size
153 SF
Asset Type
Industrial
Closing
Dec 27, 2022
AI
An industrial portfolio in Tampa, FL has been sold for a total of $16,725,000. The portfolio consists of three properties located at 1871 Massaro Blvd, 1875 Massaro Blvd, and 3705 62nd Ave N. With a total square footage of 153,000, the price per square foot was calculated at $109.
Summary of transaction details
- Property Type: Industrial Portfolio
- Transaction Amount: $16,725,000
- Address: 1871 Massaro Blvd, 1875 Massaro Blvd, and 3705 62nd Ave N
- Market: Tampa, FL
- Buyer: Ultimate Realty - Mark Sabbagh & Michael Sabbagh
- Seller: Tony Ward
- Brokers: David Warren & Marc Smouha - KSR
The buyer of the industrial portfolio was Ultimate Realty, represented by Mark Sabbagh & Michael Sabbagh. The seller was Tony Ward. The brokers involved in the deal were David Warren and Marc Smouha from KSR. It is worth noting that this transaction was signed and closed in under 45 days.
To inquire about similar opportunities, please 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