Stonelake Capital Partners Acquires Industrial Property In Tampa For $4.2M
5329 West Crenshaw Street, Tampa, FL 33634, USA
$4,185,000
$125/SF
Building Size
33,470 SF
Asset Type
Industrial
Closing
Dec 7, 2021
AI
Stonelake Capital Partners has recently purchased an industrial property located at 5329 W. Crenshaw St. in Tampa. The property was sold by Banko Overhead Doors. The transaction was facilitated by brokers Peter Cecora and John Dunphy from JLL. The sale price for the property was $4,185,000. The total area of the property is 33,470 square feet, resulting in a price per square foot of $125.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,185,000
- Date: 12/07/2021
- Address: 5329 W. Crenshaw St., Tampa
- Market: Tampa
This successful transaction showcases the involvement of two prominent brokerage professionals, Peter Cecora and John Dunphy from JLL. They played a crucial role in facilitating the deal between the buyer, Stonelake Capital Partners, and the seller, Banko Overhead Doors.
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
3.79%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93