Steven Millstein Stro Cos. Murray Kushner Jonathan Kushner Kushner Real Estate Group Acquire Industrial Property In Tampa For $3.9M
5126 West Cypress Street
$3,900,000
$200/SF
Building Size
19,422 SF
Asset Type
Industrial
Closing
Mar 7, 2025
AI
An industrial property located at 5126 West Cypress Street in Tampa has been sold for $3,900,000. The property encompasses a total area of 19,422 square feet and was built in 1969. This transaction took place in the industrial market segment.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Square Footage: 19,422
- Price Per Square Foot: $201
- Buyer: Steven Millstein - Stro Cos.; Murray Kushner & Jonathan Kushner - Kushner Real Estate Group
This acquisition was conducted as an off-market deal. The property is currently being marketed for lease by Lee & Associates.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93