EQT Exeter Acquires Industrial Property In Tampa For $39.25M
SOLD
$39,250,000
Florida
See Similar DealsIndustrial364,084 SF
Sold 02/14/2022
SOLD
EQT Exeter Acquires Industrial Property In Tampa For $39.25M
5210 South 16th Avenue, Tampa, Florida 33619, United States
See Similar DealsIndustrial364,084 SF
Sold 02/14/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$107
Total Square Footage:364,084 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,093,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$139,446.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$186,065.02
Annual Debt Service$2,232,780.29
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