Triten Real Estate Partners Acquires Industrial Property In Tampa For $4.93M
4710 East Broadway Avenue
$4,933,518
$202/SF
Building Size
24,370 SF
Asset Type
Industrial
Closing
Mar 26, 2024
AI
The industrial property located at 4710 East Broadway Avenue in Tampa was sold in a recent transaction. The asset spans 24,370 square feet with a sale price of $4,933,518, equating to a price per square foot of $202.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,933,518
- Buyer: Triten Real Estate Partners
- Seller: Janaki Sivanesan - KLA Properties
- Brokers: Guillermo de Nicolas & Hector Delgado - Panther Capital Group
- Market: Tampa
The deal was facilitated by Guillermo de Nicolas and Hector Delgado from Panther Capital Group. The brokers shared a note highlighting their success in Tampa, closing three deals within the last 45 days. They also mentioned having several off-market industrial real estate opportunities available in the top market of Florida for interested buyers.
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
3.22%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93