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4899 West Waters Avenue

Daniel Karcher - Birtcher Anderson & Davis Acquires Industrial Property In Tampa For $17.1M
SOLDIndustrial

Daniel Karcher - Birtcher Anderson & Davis Acquires Industrial Property In Tampa For $17.1M

4899 West Waters Avenue

$17,100,000

$94/SF

Building Size

180,323 SF

Asset Type

Industrial

Closing

Jan 3, 2021

AI

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

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.

Players

Ryan Vaught

Colliers

Broker

$180.5M

vol

7 deals

Broker
BD
Birtcher Anderson & DavisBuyer
C
CitimarkSeller

Tampa Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93