CIP Real Estate Acquires Industrial Property In Tampa From Albany Road Estate Partners For $74.3M

An industrial property located at 1907 US-301 & 5903 Hampton Oaks Pkwy in Tampa was recently sold for $74,300,000. The property spans across 405,772 square feet and has a price per square foot of $183. The sale took place on 11/10/2022 and involved the buyer CIP Real Estate and the seller Albany Road Estate Partners. Rick Brugge from Cushman & Wakefield represented the buyer in the transaction.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $74,300,000
• Address: 1907 US-301 & 5903 Hampton Oaks Pkwy
• Market: Tampa
• Square Footage: 405,772
• Price per Square Foot: $183
• Date: 11/10/2022

In addition to CIP Real Estate and Albany Road Estate Partners, Cushman & Wakefield played a significant role in the transaction. Jason Hochman and Ron Granite from Cushman & Wakefield acted as mortgage brokers, while Rick Brugge represented the buyer as a broker.