Clarion Partners Acquires Tampa Airport Logistics Property For $55.6M | 5450 Johns Road & 5416 West Sligh Avenue | Mike Davis, Chloe Strada, Ryan Jenkins, Rick Brugge, Dominic Montazemi, Rick Colon | Industrial | Sale

Summary

Sale

FLORIDA

Industrial

594,508 sqft

The Tampa Airport Logistics property located at 5450 Johns Road & 5416 West Sligh Avenue has been sold in a closed transaction. The industrial property spans 19 acres and consists of a 297,254-square-foot facility. The sale price for this transaction was $55,600,000, with a price per square foot of $187.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $55,600,000
Address: 5450 Johns Road & 5416 West Sligh Avenue
Market: Tampa
Acres: 19

Dominic Montazemi, Rick Brugge, Rick Colon, Ryan Jenkins, Mike Davis, and Chloe Strada with Cushman & Wakefield represented the buyer and seller in this transaction. The buyer, David Gilbert, was represented by Clarion Partners, a New York-based real estate investment firm. Carolyn Powell, representing Pacific Coast Capital Partners, acted as the seller's representative. This purchase expands Clarion's national portfolio, which predominantly comprises industrial assets totaling $45 billion in assets under management and 243 million square feet. The Tampa Airport Logistics property is fully leased, with an average tenant term of six years.

Players

All
8

Agents
6
Agencies
2

Mike Davis

Executive Vice President

$70.6M Sold

$595.2M Sold

$495M Sold

Executive Managing Director

$1.7B Sold

$3.1B Sold

$1.9B Sold

Colliers International

Details

Deal Summary

SOLD

IMAGE: David Gilbert, Rick Colon, Mike Davis, Carolyn Powell, Rick Brugge, Chloe Strada, Dominic Montazemi & Ryan Jenkins DATE: 01/02/2024 ADDRESS: 5450 Johns Road & 5416 West Sligh Avenue MARKET: Tampa ASSET TYPE: Industrial ~ ACRES: 19 BUYER: David Gilbert - Clarion Partners SELLER'S : Carolyn Powell - Pacific Coast Capital Partners BROKERS: Dominic Montazemi (@DFMontazemi), Rick Brugge, Rick Colon (@TheRealRickColon), Ryan Jenkins, Mike Davis & Chloe Strada - Cushman & Wakefield (@CushWake) SALE PRICE: $55,600,000 SF: 297,254 ~ PPSF: $187 NOTE: Clarion Partners, a New York-based real estate investment firm, has purchased the Tampa Airport Logistics property for $55.6 million. The 297,254-square-foot industrial facility, fully leased with a six-year average tenant term, expands Clarion's national portfolio, which predominantly comprises industrial assets totaling $45 billion in assets under management and 243 million square feet.

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Address5450 Johns Road & 5416 West Sligh Avenue

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