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5329 West Crenshaw Street, ...

Stonelake Capital Partners Acquires Industrial Property In Tampa For $4.2M
SOLDIndustrial

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

John Dunphy

JLL

Broker

$66.1M

vol

7 deals

Broker
Stonelake Capital Partners
Stonelake Capital PartnersBuyer

Tampa Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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