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

Property Image
SOLD
$4,185,000

Florida

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Industrial33,470 SF
Sold 12/07/2021
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Property Image
SOLD

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

5329 West Crenshaw Street, Tampa, FL 33634, USA

See Similar Deals
Industrial33,470 SF
Sold 12/07/2021
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$125
Total Square Footage:33,470 SF
Transaction Type:Sale

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
6 deals$66.1M volume
BROKER

Peter Cecora
JLL
5 deals$66.1M volume
BROKER

Stonelake Capital Partners
BUYER

Details

SOLD
IMAGE: Peter Cecora & John Dunphy DATE: 12/07/2021 ADDRESS: 5329 W. Crenshaw St. MARKET: Tampa ASSET TYPE: Industrial BUYER: Stonelake Capital Partners SELLER: Banko Overhead Doors BROKERS: Peter Cecora (@PCecora) & John Dunphy - JLL SALE PRICE: $4,185,000 SF: 33,470 ~ PPSF: $125

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,868.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,839.04
Annual Debt Service$238,068.42