BASIS INDUSTRIAL Acquires Industrial Asset From JERRY BLOCK In Tampa For $33M
SOLD
$33,000,000
Florida
See Similar DealsIndustrial442,216 SF
Sold 04/28/2023
SOLD
BASIS INDUSTRIAL Acquires Industrial Asset From JERRY BLOCK In Tampa For $33M
3801 3904 Corporex Park Dr & 4801 George Rd
See Similar DealsIndustrial442,216 SF
Sold 04/28/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$74
Total Square Footage:442,216 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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