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3801 3904 Corporex Park Dr

BASIS INDUSTRIAL Acquires Industrial Asset From JERRY BLOCK In Tampa For $33M
SOLDIndustrial

BASIS INDUSTRIAL Acquires Industrial Asset From JERRY BLOCK In Tampa For $33M

3801 3904 Corporex Park Dr & 4801 George Rd

$33,000,000

$74/SF

Building Size

442,216 SF

Asset Type

Industrial

Closing

Apr 28, 2023

AI

The property asset involved in this transaction is an industrial facility located at 3801 3904 Corporex Park Dr in the Tampa market. The transaction was completed for a total price of $33,000,000.00, encompassing a total area of 221,108 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $33,000,000.00
  • Address: 3801 3904 Corporex Park Dr
  • Market: Tampa
  • Square Footage: 221,108.0
  • Buyer: BASIS INDUSTRIAL
  • Seller: JERRY BLOCK
  • Broker: TYLER KUHLMAN

The transaction involved BASIS INDUSTRIAL as the buyer, with JERRY BLOCK serving as the seller. TYLER KUHLMAN represented the interests of the buyer in this deal, facilitating the successful acquisition of the property.

Players

Tyler Kuhlman

CBRE

Broker

$1.6B

vol

113 deals

Broker
BI
BASIS INDUSTRIALBuyer

JERRY BLOCK

Seller
Seller

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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93