facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

4500 Home Run Boulevard

Updated Dec 4, 2024

LBA Realty Acquires Four Corners Business Park In Davenport From Stephen A. Schwarzman For $104M
SOLDIndustrial

LBA Realty Acquires Four Corners Business Park In Davenport From Stephen A. Schwarzman For $104M

4500 Home Run Boulevard

$104,000,000

$130/SF

Building Size

800,000 SF

Asset Type

Industrial

Closing

Jul 22, 2024

About this deal

AI

The Four Corners Business Park, an industrial complex situated at 4500 Home Run Boulevard in Davenport, has been sold. The property encompasses three buildings totaling nearly 800,000 square feet and features a sale price of $104 million. The market for this transaction is identified as Davenport, with the price per square foot calculated at $130.

Summary of transaction details:

This transaction reflects a significant movement within Tampa Bay's industrial market, attributed to renewed investor interest following a reduction in warehouse investment sales since 2022. Cargill and ReadyRefresh are among the notable tenants currently occupying the business park, which is strategically situated between Interstate 4 and U.S. Highway 27.

On the Map

Open live map

$104,000,000

$130/SF

Industrial

View full map

Players

Jose Lobon

CBRE

Broker

$3.8B

vol

53 deals

Broker
Bilt advertisement

Davenport Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Deal FAQ

About $130 per square foot on a published $104M for 800,000 square feet (2024).

Visit Trey Barry to view all their deals.

Browse Davenport industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets