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
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