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
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