Basis Industrial Acquires Industrial Asset From Birtcher Anderson For $60M In Tampa
7281 Bryan Dairy Road
$60,000,000
$127/SF
Building Size
472,512 SF
Asset Type
Industrial
Closing
Mar 19, 2025
AI
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
Seminole 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93