Updated Sep 5, 2024
B&D Holdings And Hornig Capital Acquire Industrial Property In Tampa For $12.9M
5210 Causeway Boulevard
$12,933,000
$88/SF
Building Size
146,975 SF
Asset Type
Industrial
Closing
Nov 16, 2022
About this deal
AI
The industrial property located at 5210 Causeway Blvd in Tampa has been sold in a transaction that closed on November 16, 2022. The property spans 146,975 square feet and was sold for a price of $12,933,000, resulting in a price per square foot of $88.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,933,000
- Address: 5210 Causeway Blvd, Tampa
- Market: Tampa
The buyer in this transaction is B&D Holdings, represented by Russell Putterman, Rebecca Weinerman, Martin Segal, and Rob Logan. They were joined by Hornig Capital, represented by Darren Hornig. The seller of the property is Alan Bridges. The broker involved in this deal is Rick Narkiewicz from Newmark.
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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93