Ward Fitzgerald Of EQT Exeter Acquires Industrial Park In Plant City From TA Realty LLC
3501 Fancy Farms Road
Building Size
400,833 SF
Asset Type
Industrial
Closing
Jan 21, 2025
AI
The property asset involved in the transaction is an industrial park located at 3501 Fancy Farms Road in Plant City, Florida. The asset encompasses a total square footage of 400,833 and was fully leased to four tenants at the time of the sale. The property was developed in 2022 and 2023, contributing to its functional industrial space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 3501 Fancy Farms Road
- Market: Plant City
- Buyer: Ward Fitzgerald - EQT Exeter
- Seller: James O. Buckingham & Michael R. Haggerty - TA Realty LLC
- Brokerage Firms: Mike Davis, Rick Brugge, Rick Colon & Ryan Jenkins - Cushman & Wakefield
This transaction involved key individuals such as Ward Fitzgerald representing EQT Exeter as the buyer, along with sellers James O. Buckingham and Michael R. Haggerty representing TA Realty LLC. Cushman & Wakefield played a significant role in brokering the sale, facilitating the transition of ownership from TA Realty LLC to EQT Exeter.
Players
Plant City 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93