Updated Oct 28, 2024
EQT Exeter Acquires Industrial Property In Tampa For $39.25M
5210 South 16th Avenue, Tampa, Florida 33619, United States
$39,250,000
$107/SF
Building Size
364,084 SF
Asset Type
Industrial
Closing
Feb 13, 2022
About this deal
AI
An industrial property located at 5210 South 16th Ave in Tampa has been sold for a price of $39,250,000. The property spans across 364,084 square feet, resulting in a price per square foot of $108. The transaction took place on February 14, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $39,250,000
- Address: 5210 South 16th Ave, Tampa
- Market: Tampa
The buyer of the property is EQT Exeter, represented by Edward (Ward) Fitzgerald III. RealOp Investments served as the seller in this transaction. The deal was facilitated by brokerage firm Cushman & Wakefield.
On the Map
$39,250,000
$107/SF
Industrial
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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
0.40%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93