Updated Dec 4, 2024
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
About this deal
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.
On the Map
$5,300,000
$471/SF
Industrial
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Players
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