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Crossroads Park Dr

David Gilbert Of Clarion Partners Acquires Industrial Asset From Brian M. Wertz For $16.9M
SOLDIndustrial

David Gilbert Of Clarion Partners Acquires Industrial Asset From Brian M. Wertz For $16.9M

Crossroads Park Dr

$16,900,000

$287/SF

Building Size

58,849 SF

Asset Type

Industrial

Closing

Oct 29, 2025

AI

An industrial asset located at 5231 Crossroads Park Drive in Tampa has been sold for $16.9 million. The property spans 58,849 square feet, reflecting a price per square foot of $287. This asset is part of the larger 558,000-square-foot Crossroads Logistics Park development.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $16,900,000
  • Buyer: David Gilbert - Clarion Partners
  • Seller: Brian M. Wertz - Arrow Capital
  • Broker: Cushman & Wakefield
  • Market: Tampa
  • Square Footage: 58,849
  • Price Per Square Foot: $287

David Gilbert represented Clarion Partners in acquiring the property from Brian M. Wertz, who represented Arrow Capital. The transaction was facilitated by Cushman & Wakefield, underscoring the involvement of key industry players in this real estate deal.

Players

Arrow Capital
Arrow CapitalBrokerage

David Gilbert

Clarion Partners

Buyer

$1.9B

vol

28 deals

Buyer

Lithia 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

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93