Daniel Karcher - Birtcher Anderson & Davis Acquires Industrial Property In Tampa For $17.1M
SOLD
$17,100,000
Florida
See Similar DealsIndustrial180,323 SF
Sold 01/03/2021
SOLD
Daniel Karcher - Birtcher Anderson & Davis Acquires Industrial Property In Tampa For $17.1M
4899 West Waters Avenue
See Similar DealsIndustrial180,323 SF
Sold 01/03/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$94
Total Square Footage:180,323 SF
Transaction Type:Sale
Located in Tampa, the industrial property at 4899 W. Waters Ave. has been sold in a closed transaction. The property, measuring 180,323 square feet, was sold for a price of $17,100,000, resulting in a price per square foot of $95. The sale took place on March 1, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $17,100,000
- Address: 4899 W. Waters Ave.
- Market: Tampa
- Buyer: Daniel Karcher - Birtcher Anderson & Davis
- Seller: Citimark
- Brokers: Jay Hennick, Robyn Hurrell & Ryan Vaught - Colliers International
The sale of the industrial property at 4899 W. Waters Ave. was facilitated by brokers Jay Hennick, Robyn Hurrell, and Ryan Vaught from Colliers International. They represented the buyer, Daniel Karcher of Birtcher Anderson & Davis, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$912,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,752.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,062.72
Annual Debt Service$972,752.69
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