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4407 North Manhattan Avenue

Kevin Bramhall And Steven Millstein Of The STRO Companies Acquire Industrial Asset In Tampa For $10.125M
SOLDIndustrial

Kevin Bramhall And Steven Millstein Of The STRO Companies Acquire Industrial Asset In Tampa For $10.125M

4407 North Manhattan Avenue

$10,125,000

$123/SF

Building Size

81,983 SF

Asset Type

Industrial

Closing

Aug 10, 2025

AI

The property involved in this transaction is an industrial asset located at 4407 North Manhattan Avenue in Tampa. The sale price was $10,125,000, encompassing a total area of 81,983 square feet on a site that spans 5.74 acres. The price per square foot is recorded at $123.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,125,000
  • Address: 4407 North Manhattan Avenue
  • Market: Tampa
  • Asset Size: 81,983 SF
  • Price per SF: $123
  • Buyer: Kevin Bramhall & Steven Millstein - The STRO Companies; Jonathan Kushner - KRE Group
  • Seller: George Adams

This transaction involves key figures including Kevin Bramhall and Steven Millstein representing The STRO Companies, alongside Jonathan Kushner representing KRE Group. The seller of the property is George Adams, marking a significant deal in the Tampa industrial market.

Players

The Stro Companies
The Stro CompaniesBuyer

Jonathan Kushner

Buyer

$3.9B

vol

10 deals

Buyer

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

1.57%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93