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B&D Holdings And Hornig Capital Acquire Industrial Property In Tampa For $12.9M

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SOLD
$12,933,000

Florida

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Industrial146,975 SF
Sold 11/16/2022
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Property Image
SOLD

B&D Holdings And Hornig Capital Acquire Industrial Property In Tampa For $12.9M

5210 Causeway Boulevard

See Similar Deals
Industrial146,975 SF
Sold 11/16/2022
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$88
Total Square Footage:146,975 SF
Transaction Type:Sale

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

Rick Narkiewicz
1 deal$12.9M volume(813) 453-0797
BROKER

Details

SOLD
IMAGE: Darren Hornig, Russell Putterman, Martin Segal, Rob Logan & Rebecca Weinerman DATE: 11/16/2022 ADDRESS: 5210 Causeway Blvd MARKET: Tampa ASSET TYPE: Industrial BUYER: B&D Holdings - Russell Putterman, Rebecca Weinerman (@Rebecca_Weinerman), Martin Segal (@Martin_J_Segal) & Rob Logan; Hornig Capital - Darren Hornig SELLER: Alan Bridges BROKER: Rick Narkiewicz - Newmark SALE PRICE: $12,933,000 SF: 146,975 ~ PPSF: $88

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$689,760.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,948.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,309.02
Annual Debt Service$735,708.22