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7918 Harney Road

Link Logistics Acquires Industrial Property In Tampa From Hines For $94.51M
SOLDIndustrial

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

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

Mike Davis

Cushman & Wakefield

Broker

$3.6B

vol

65 deals

Broker

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