Updated Dec 4, 2024
Link Logistics Acquires Industrial Property In Tampa From Hines For $94.51M
7918 Harney Road
$94,510,000
$157/SF
Building Size
599,976 SF
Asset Type
Industrial
Closing
May 2, 2024
About this deal
AI
The industrial property located at 7918 Harney Road in Tampa was recently sold for $94,510,000. Spanning 599,976 square feet, the property was acquired by Link Logistics from the seller Hines at a price of $158 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $94,510,000
- Address: 7918 Harney Road
- Market: Tampa
The sale of this industrial property was facilitated by the seller's representatives from Cushman & Wakefield, including Mike Davis, Rick Brugge, Rick Colon, Chloe Strada, and Ryan Jenkins.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93