SOLDIndustrial
Hawkins Service Company Acquires Industrial Property In Tampa For $3.2M
7601 Industrial Lane
$3,200,000
$161/SF
Building Size
19,800 SF
Asset Type
Industrial
Closing
Jan 31, 2024
AI
The industrial property located at 7601 Industrial Lane in Tampa has been sold in a closed transaction. The property spans 19,800 square feet and was sold for a total price of $3,200,000, resulting in a price per square foot of $162.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,200,000
- Square Footage: 19,800
- Market: Tampa
The buyer of the property is Hawkins Service Company, represented by Daven Henry from LPT Realty.
Players
Temple Terrace 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93