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211 Pride Road

Zenith IOS Acquires Industrial Asset At 211 Pride Road In Tampa For $5.3M With KSR Representation
SOLDIndustrial

Zenith IOS Acquires Industrial Asset At 211 Pride Road In Tampa For $5.3M With KSR Representation

211 Pride Road

$5,300,000

$471/SF

Building Size

11,231 SF

Asset Type

Industrial

Closing

Nov 19, 2024

AI

The transaction involved the sale of an industrial property located at 211 Pride Road, Tampa, FL. The property was sold for $5,300,000, encompassing a total area of 11,231 square feet, which results in a price per square foot of $471.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,300,000
  • Address: 211 Pride Road
  • Market: Tampa, FL
  • Square Footage: 11,231
  • Price per Square Foot: $471
  • Buyer: Zenith IOS - Vinh Thai
  • Seller: Chillura & Reynolds Family
  • Brokers: David Warren & Marc Smouha - KSR; Jason Sullivan - Colliers

The buyers, Zenith IOS represented by Vinh Thai, finalized the transaction with the sellers, Chillura & Reynolds Family, assisted by brokers David Warren and Marc Smouha from KSR, along with Jason Sullivan from Colliers. A note suggests reaching out to Marc Smouha and David Warren for off-market deals on a nationwide scale.

Players

Marc D. Smouha

Corepoint RE

Broker

$291M

vol

38 deals

Broker

Tampa 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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93