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
- 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.
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93