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Hawkins Service Company Acquires Industrial Property In Tampa For $3.2M

Property Image
SOLD
$3,200,000

Florida

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Industrial19,800 SF
Sold 01/31/2024
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Property Image
SOLD

Hawkins Service Company Acquires Industrial Property In Tampa For $3.2M

7601 Industrial Lane

See Similar Deals
Industrial19,800 SF
Sold 01/31/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$161
Total Square Footage:19,800 SF
Transaction Type:Sale

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

Daven Henry
LPT Realty
Daven Henry
2 deals$4.8M volume
BROKER

Details

SOLD
IMAGE: Daven Henry DATE: 01/31/2024 ADDRESS: 7601 Industrial Lane MARKET: Tampa ASSET TYPE: Industrial BUYER: Hawkins Service Company BUYER'S REP: Daven Henry (@TampaRealEstateDude) - LPT Realty SALE PRICE: $3,200,000 SF: 19,800 ~ PPSF: $162

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

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59