Dan Flamholz Acquires Industrial Asset At 7810 Professional Place From David & Betty Nipper For $2.33M
7810 Professional Place
$2,300,000
$159/SF
Building Size
14,434 SF
Asset Type
Industrial
Closing
Apr 29, 2025
AI
The property involved in this transaction is an industrial asset located at 7810 Professional Place in Tampa. It was sold for a total price of $2,330,000, encompassing a square footage of 14,434. The price per square foot for this sale is calculated to be $161.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,330,000
- Address: 7810 Professional Place
- Market: Tampa
- Square Footage: 14,434
- Price Per Square Foot: $161
- Buyer: Dan Flamholz
- Seller: David & Betty Nipper
- Broker Representatives: Pablo Vignolo, Matthew Martinez & Raul Pino - The Hype Real Estate Group
Pablo Vignolo, Matthew Martinez, and Raul Pino represented both the seller and buyer in this transaction, successfully facilitating a smooth closing. The Hype Real Estate Group is actively seeking opportunities in the industrial and retail sectors across various states, including Florida, Georgia, North Carolina, Virginia, and northeastern states. The team operates physical offices in Miami and New York and encourages potential buyers to reach out for similar opportunities.
Players
Tampa 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93