Basis Industrial Acquires Industrial Asset From Birtcher Anderson For $60M In Tampa
SOLD
Florida
See Similar DealsIndustrial472,512 SF
Sold
SOLD
Basis Industrial Acquires Industrial Asset From Birtcher Anderson For $60M In Tampa
7281 Bryan Dairy Road
See Similar DealsIndustrial472,512 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$127
Total Square Footage:472512 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 7281 Bryan Dairy Road in the Tampa market. It was sold for a total price of $60,000,000.00 and features a total square footage of 472,512.0.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $60,000,000.00
- Address: 7281 Bryan Dairy Road
- Market: Tampa
- Buyer: Basis Industrial
- Seller: Birtcher Anderson
This transaction was facilitated by the participation of Basis Industrial as the buyer and Birtcher Anderson as the seller, indicating a significant asset exchange in the industrial sector of the Tampa market.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$213,167.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$284,430.61
Annual Debt Service$3,413,167.33
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