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
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